Disney wants to fight piracy of its movies with a blockchain-based system

by crypto journalist

Disney wants to fight piracy of its movies with a blockchain-based system

Disney believes that its main enemy is the pirates of its movies, which have increased by 40% during the coronavirus quarantine period. So to combat it, one of its research teams has introduced a blockchain-based system for distributing its movies with the idea of dealing with the problem more effectively.

Disney’s development team has just filed a patent for a blockchain application, which is a supply chain management mechanism

The anti-piracy system will record in a blockchain the path taken by a movie production from the time it leaves the production company to the time it reaches theaters. The goal is to make sure the content is received at the agreed-upon location before allowing playback at the destination.

It is not yet known if Disney will ever implement this new system. The company registers many patents every year, but all of them do not translate into concrete advances.

PayPal co-founder company accepts bitcoins as a means of payment

Data analytics company Palantir Technologies, owned by PayPal co-founder Peter Thiel, announced Tuesday, May 11, that it is accepting bitcoins as payment for services provided to its customers.

Palantir CFO Dave Glaser told CNBC’s American Network that the company, led by Thiel, is “open for business” with bitcoins. The CEO confirmed that they are considering including bitcoins or other types of cryptocurrencies on their balance sheet. 

Palantir is a manufacturer of software and analysis tools for the defense industry and large corporations. That company reported revenue growth of 49 percent in the first quarter of 2021, about $341 million.

Glaser also noted that the company has an adjusted free cash flow of $151 million, which could be invested in Bitcoins.

Zuckerberg reveals that one of his goats is called Bitcoin, and some cryptocurrency supporters see this as an endorsement

The typical headline-generator in the crypto sphere is the always controversial Elon Musk, but little by little his colleagues are also picking up the slack.

The latest was Facebook CEO Mark Zuckerberg, who published a photo of his two goats and gave their names: Max and Bitcoin.

The fact is that bitcoin fans have begun to speculate whether Zuckerberg, one of Silicon Valley’s biggest billionaires, really believes fervently in cryptocurrency. Opinions are divided, as according to the latest information, Facebook is about to launch its own digital currency, which seems to finally be a Stablecoin pegged to the dollar.

Although it is a long-standing project that has seen many breaks, Diem – formerly known as Libra – may land later this year.

Bank of England’s controversial warning: “Cryptocurrencies will disappear.”

Andrew Bailey, chairman of the Bank of England, in a recent interview this week, expressed distrust of bitcoins and cryptocurrencies and said that investors should only risk putting their money into digital assets if they are willing to lose everything anytime.

Bailey, who is not known to be a supporter of cryptocurrency adoption, said cryptocurrencies “Have no intrinsic value. That doesn’t mean that people don’t give them value, because they may have external value, but they don’t.” and added: “Buy them only if you’re willing to lose all your money.”

Tim Draper defends Bitcoin and criticizes Elon Musk’s stance

Tim Draper has belatedly responded to Elon Musk’s decision to cancel bitcoins (BTC) as a payment method at Tesla.

The global investor and billionaire who founded several companies, including venture capital firm Draper Fisher Jurvetson (DFJ), reacted to Ilon Musk’s environmental stance on BTC, citing the system’s impact on energy and carbon dioxide.

On Twitter, he advised Musk not to accept fiat currencies as a means of payment for his cars.

On May 12, Elon Musk announced that his company Tesla had suspended the purchase of cars in BTC.

In a statement he wrote on Twitter, he made it clear that while cryptocurrency is “a good idea on many levels” and the future is promising, the future “can’t be expensive for the environment.”

The post Disney wants to fight piracy of its movies with a blockchain-based system appeared first on Guarda Blog – Latest News and Updates.

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