- Sony says its new blockchain solution will help users to manage rights-related information of written works.
- It records the actual date and time that electronic data was created and makes it immutable
- The blockchain system will also handle rights management of other digital content like electronic textbooks, films, music and more
Sony Corporation, a Japanese multinational conglomerate made up of Sony Music Entertainment Inc., Sony Global Education and several other businesses has announced the creation of its distributed ledger technology (DLT) based rights management system for digital content, to enhance the sharing, authentication, management and processing of all rights-related digital content, according to a press release on October 15, 2018.
Sony Adopts Blockchain Technology
The technology giant has reportedly developed a blockchain-powered digital rights management platform that would make it difficult for people’s intellectual property, films, and other digital materials to get falsified by rogue actors.
Sony claims its new solution is based on its existing system for authenticating, sharing and rights management of educational data and processing of rights-related data, the significant difference being the fact that the new system leverages blockchain technology to make recorded information unfalsifiable.
Per the press release, the new DLT system is specially crafted for the management of rights-related information of written works.
It records the date, time and other vital information of intellectual property in a tamper proof manner, making it easy for authorized persons to “share and verify when a piece of electronic data was created and by whom.”
Importantly, Sony hopes its blockchain-based rights management system will gain mass adoption, as the system can also be used to manage a vast array of digital content including virtual reality content, music, e-books, electronic textbooks, and other educational material.
Sony Poised to Become a Blockchain Technology Heavyweight
While a vast array of forward-thinking companies such as IBM, Oracle and others are blazing the trail in the DLT ecosystem, developing highly functional blockchain solutions aimed at transforming the supply chain, finance and other sectors of the economy, Sony has hinted it plans to do more with the burgeoning technology shortly.
Sony says it’s working on innovative ways to utilize blockchain technology for information management and data distribution in a host of fields across the globe.
Though still in its nascent stages, blockchain technology, the solid foundation behind bitcoin and other cryptocurrencies has proven it has all it takes to revolutionize various businesses and make them more productive.
On October 3, 2018, Blockchain Reporter informed that FRTYL, a highly reputed fertility service provider had integrated DLT into its processes.