Live Planet’s Blockchain Division Welcomes Departing 20th Century Fox Film CTO to Work on VideoCoin Network
- Live Planet, Inc., a media technologies firm, will be joined by Hanno Basse, a former Chief Technology Officer (CTO) with 20th Century Fox Film Corporation.
- Basse will be joining the Los Angeles based corporation, bringing his wealth of experience as he assumes the position of Live Planet’s Decentralized Media Solutions division, as president.
Traditional Institutions and Firms Considering Adopting Blockchain and Crypto-based Solutions
A few traditional institutions are known to be actively considering cryptocurrency and blockchain solutions as additions to their business, in recent times.
Some have already begun implementing these new solutions while others are reportedly still on the drawing board or in the testing phase.
Facebook, for example, is set to launch its own cryptocurrency called GlobalCoin and as part of its process to secure a space in the growing cryptosphere, the social media giant employed two former compliance managers from one of the biggest crypto exchanges in the world, Coinbase.
Live Planet Secures 20th Century’s CTO
In the practice of employee cross-carpeting, a new move has been announced as an addition to one of the major creators of next-generation media technologies, Live Planet Inc. According to a press release on the 11th of June, the media technologies firm will be joined by Hanno Basse, a former Chief Technology Officer (CTO) with 20th Century Fox Film Corporation.
Basse will be joining the Los Angeles based corporation, bringing his wealth of experience as he assumes the position of Live Planet’s Decentralized Media Solutions division, as president. Basse is a well-known technology expert in Hollywood and is expected to improve on Live Planet’s current solutions and probably add new ones as well. Some of Live Planet’s current efforts include an end-to-end virtual reality (VR) service for streaming videos as well as the VideoCoin network, a video infrastructure platform based on blockchain technology.
Live Planet CEO, Halsey Minor, has expressed quite a bit of optimism at the possibilities that will stem from the new addition. Minor said:
“I’m absolutely thrilled to mark the next stage of growth for Live Planet with the addition of Hanno to our world-class team of media and technology experts. Hanno brings a truly unique level of senior experience to Live Planet that will be extremely valuable to us as we help our customers meet the increasing demands of streaming video and next-generation on-demand services.”
Basse has a long track record of contributing to certain key innovations in the film industry. He was one of the key figures responsible for the forging of strong partnerships with major companies like Samsung, Barco and Ericsson. During his time at Fox, Basse was the first chairman of the UHD Alliance and played a pivotal role in the launch of the 4k-UHD Blu-Ray Disc format and the High Dynamic Range (HDR) as well.
Cryptocurrency and Blockchain in Other Film Industries
PewDiePie who until very recently had the YouTube channel with the most subscribers, (currently over 96 million with 3,864 videos) has revealed his decision to join a blockchain video service known as Dlive and begin streaming there. Dlive is powered by the Lino blockchain and seeks to pay content creators as well as viewers, for the effort and contribution to the platform. These creators and viewers will be paid in Lino tokens, the blockchain’s native cryptocurrency.
A little over a week ago, Brazil’s National Bank for Economic and Social Development (BNDES) was announced to be creating a documentary film which will mostly be funded via its own ether-based stablecoin called the BNDES token. The film will be produced in collaboration with a production company known as Elo Company who’s “The Boy and the World” movie by Alê Abreu successfully snagged a nomination at the Academy Awards in 2016.