A RightsTech event in New York on July 17 will explore how cryptocurrency and its underlying technology, blockchain, might benefit the book industry.
A subsidiary of Access Copyright in Canada receives federal funding to develop a blockchain ledger that connects creative work and the rights holder.
The Content Blockchain project, a collaborative effort among three companies, includes the development of the ISCC, an identifier of content in a decentralized ledger environment.
In Canada, Access Copyright is working on developing blockchain solutions for book publishing, including smart contracts and an attribution ledger.
Talking, among other things, of developing an loyalty program for consumers based in blockchain tokens, a spokesman for Poland’s Merlin.pl talks about its latest move to gain dominance in the market.
‘In an industry where everything is returnable, why are we out of stock so often?’ The Book Industry Study Group’s annual meeting tackled questions like this, with a strong focus on the supply chain.
‘It would make larger parts of the research cycle open to self-correction,’ says the Digital Science report’s author, but so might ‘a less drastic change.’
The technology that powers Bitcoin has the potential to transform many other industries. In publishing, it could impact sales, rights, contracts, and more.