New Korean-based startup ContentsDeal is addressing the issue of copyright infringement by launching a distributed content streaming application with an automated payout system on the blockchain. Additionally, the platform offers sharing of online comics, popular in South Korea, as well as video content.
Today, individual users are provided with a wide variety of music streaming services like YouTube and Spotify. But as they are getting more popular, the problem of securing copyright for the artists and creators of content remains.
To make them compensated fairly, the new ContentsDeal platform was launched to integrate the blockchain into the content streaming service. Besides, the startup develops a service for watching webtoons, a sort of a “digital comics” emerged in South Korea in recent years.
The technology behind a copyright security system
ContentsDeal is implementing a proof-of-copyright protocol, based on the proof-of-work concept, into its music decentralized application (dApp) that allows an artist to control the distribution of his or her content by keeping ownership data in a block.
All operations on the ContentsDeal are performed with the native DEAL token, which stores the confidential information such as transaction record and Face ID’s into a block. Face ID, being a biometric authentication service, converts users’ facial images in authentication data, fragmenting and storing it in a DEAL for bigger security.
Members of the ContentsDeal platform, responsible for the development of this application, are familiar with the music industry because many of them previously worked in the Iconic Sounds group. Some members of the startup have produced and managed K-pop and Asian artists.
ContentsDeal is not only working on technical implementation but also strives to attract K-pop artists to its platform. The company has officially collaborated with the Korean Management Federation that manages top artists,