Alticast

November 30, 2017

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Bet your Bitcoins that Blockchain is Coming

As far as we know, there’s no place yet for Bitcoins in pay-TV transactions, but when it comes to the underlying technology, that’s an entirely different matter.

 

At Alticast, we’re creating a future in which Blockchain – the security system on which the Bitcoin currency system is built – can be used to manage and verify every transaction that occurs among owners, distributors and viewers of digital content.  Our goal is to leverage the power of Blockchain to guarantee the integrity of every element of the digital content copyright system.

 

Let’s back up a bit:  the principle behind Blockchain is that rather than having a single repository that requires high levels of security for data, a distributed ledger technology (DLT) is used in which multiple sources contain identical copies of the information.  A difference in the dataset at one location is rejected by other sources in the chain, creating a highly secure environment.

 

Without blowing the cover off our planning, I can tell you that we’re envisioning a system that could be used to ensure the security of OTT and multiscreen service.  A Blockchain system within the service platform environment would interlock with the content provider’s Conditional Access System or Digital Rights Management system to support the collection, management and verification of the content purchase and the viewing records. Our system would not only protect copyrights, but would manage distribution and ensure fair and transparent billing practices.

 

We’re not the first to talk about the impact that Blockchain can have on pay-TV, but given our industry leadership in content security we think we’re well positioned to be on the leading edge of implementing the technology for current and future customers around the world. You can bet your Bitcoins that we’ll have much more to say about that in the very near future.

 

Posted by Jill OToole at 2:36 AM