CopyrightBank and X Motion Pictures (XMP) to Use NEM blockchain for Film Copyright Solutions

NEM blockchain is set to host a copyright registration and verification solution that will allow the users to place their copyrights of their works on the immutable blockchain through the partnership between CopyrightBank and Australian based, X Motion Pictures (XMP).

An announcement by X Motion Pictures (XMP) this Monday on its partnership with CopyrightBank to integrate a solution to copyright solutions enabling specifically, filmmakers and videographers to cryptographically secure the copyrights and records of their services. The process will be carried out on the NEM blockchain ensuring immutability and top security of the copyrights.

The two companies will work towards leveraging the NEM blockchain as it offers a world class system with instantaneous payment and cheap transaction fees as well as scalability. NEM Expansion Director for Australia and New Zealand for the NEM Foundation, Jason Lee was optimistic on the partnership between XMP and CopyrightBank as he saw it as an opportunity for NEM blockchain to grow its ecosystem globally.

“We are seeing an increased adoption of the NEM blockchain as a versatile plug and play platform to build blockchain projects. This partnership between CopyrightBank and XMP will further expand the NEM ecosystem in Australia and globally,” stated Jason Lee.

The X Motion Pictures, is an Australian company that creates an ecosystem for anyone in the entertainment and digital media industry including anyone producing video films, feature films, documentaries, music videos, web series, television shows, or short films to copyright their ideas.

Leveraging blockchain technology, XMP registers the content on its platform through smart contracts without relying on outside parties. The field of film making and digital media has long needed an improved, efficient and cost efficient way creators can streamline their business operations. Furthermore, the platform aims at decreasing the time and cost for filmmakers, investors, studios, and strategic partners by digitizing the process.

The founder of XMP, James Vegter, was delighted at the partnership focusing on the possibilities integration of the copyrighted content on the NEM blockchain. James said,

“We’re thrilled to be partnering with CopyrightBank because it is a fully functional blockchain project. Through this partnership, XMP will enable copyright registrations for films, screenplay, music compositions, animations, and other filmmaker assets.”

Copyright Bank is one of the latest dApps to be deployed on the NEM blockchain. Having launched barely three months ago, the copyright registration and verification platform for digital works has grown in stature and value as users continue to flock in on the platform across the globe.

The users on the platform can register their digital works (including books, music, photographs, artworks, and films, to computer programs and databases) on the blockchain through a digitally fingerprinted, timestamped record on the immutable NEM blockchain ensuring security of your copyright digital work.

“CopyrightBank’s partnership with XMP will deliver a 21st century copyright solution to the filmmaking industry. It is an innovation that is long overdue,”

Said CEO and Founder of CopyrightBank, David Oh on the partnership with XMP.

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Bitcoin Exchange Guide News Team
B.E.G. Editorial Team is a gracious group of giving cryptocurrency advocates and blockchain believers who want to ensure we do our part in spreading digital currency awareness and adoption. We are a team of over forty individuals all working as a collective whole to produce around the clock daily news, reviews and insights regarding all major coin updates, token announcements and new releases. Make sure to read our editorial policies and follow us on Twitter, Join us in Telegram. Stay tuned. #bitcoin

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


Please enter your comment!
Please enter your name here


Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

Over 100k Bitcoin Worth Nearly $1.2 Billion Tokenized on Ethereum; WBTC & RenBTC Leading

The number of Bitcoins locked on Ethereum continues to hit new records. It has already surpassed $1 billion. Currently, nearly $1.2 billion worth of Bitcoin...

China Should Seize the ‘First Mover' Advantages of Launching A CBDC: PBoC

China should aim at becoming the first country to issue digital currency as part of its efforts to internationalize the yuan and lessen its...

These 2 DeFi Forks Take a Harsh Beating As The Originals Reclaim Their Dominance

Up until the mid of last week, Curve clone Swerve was enjoying a record $942 million in deposits, or total value locked (TVL), as...

Biggest Banks Involved in Moving $2 Trillion Illicit Funds, Reveals FinCEN Documents

And they say bitcoin is used for criminal activities. The leaked documents of $2 trillion transactions, a tiny proportion of the SARs submitted over the...

Binance Launches the ‘Innovation Zone' to Justify DeFi FOMO Listings

Leading spot exchange Binance has created an “Innovation Zone” to list newer tokens. "The team has created the Innovation Zone, which will allow users to...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today