Using the Distributed Ledger Technology for Metadata
Billion dollar financial software, data and media company Bloomberg has recently released a white paper about a new monetization technology called Metadata. The main concept of metadata is a unified content and communication platform for various groups and teams in a single organization used to monetize each workflow, application, production and manufacturing stages of media companies through. "Ultimately, for any media company that's producing, curating and distributing large volumes of content, metadata is the foundation that they're putting in place. Nearly every part of any workflow....
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Hardly anyone can deny the financial ecosystem will need to undergo an overdue change sooner rather than later. The legacy system is not able to keep up with growing consumer demands and needs. Over in the United Kingdom, the Bank of England will develop a blueprint for this overhaul, focusing on new payment preferences and distributed ledger technology. Bank of England Looks At Distributed Ledger Technology. Revamping the UK’s entire financial ecosystem will be quite the challenge, even for the Bank of England. At the same time, a lot of work has been done already, as consumers are....
A New York startup called Mine Labs has started a metadata protocol based on blockchain technology called Mediachain that uses the Interplanetary File System (IPFS), a “hypermedia distribution protocol,” to protect rights to digital works, according to Nasdaq. Other blockchain-based authentication systems use an encoded ID to reference centrally-hosted data, but these have limited storage per transaction. To encrypt and store digital rights onto the bitcoin blockchain, most blockchain startups do one of two things: 1) they encode an ID onto the blockchain using OP_RETURN or CoinSpark to....
BNP Paribas has been working on blockchain technology for quite some time now, and its efforts went well beyond an in-house development team. Just a few days ago, their very first blockchain Bizhackathon took place, with the sole purpose of finding use cases for distributed ledger technology in the banking world. The BNP Paribas Blockchain Bizhackathon. Even though it is crystal clear for anyone in the world of Bitcoin and blockchain technology to see why distributed ledgers are a powerful tool for the financial sector, coming up with the right uses is a key element in making these efforts....
Santander Innoventures, a US$100 million fund of the billion dollar financial institution Spanish Santander Group, has released a research paper titled "The Fintech 2.0 Paper: rebooting financial services," to examine the advantages of distributed ledger as a transaction and asset settlement platform. The decentralized and transparent nature of the distributed ledger technology of Bitcoin, also known as the blockchain technology, allows anyone on the network to record or certify irrefutable and unalterable document or asset autonomously. Bitcoin is one of many unique applications built on....
With the right API, contract address and token id, anyone can find NFT metadata on OpenSea and Rarible. NFTs are a game-changing technology, providing ownership for digital assets and serving as certificates for holders or access keys for the underlying content, which could be music, movies, art, real estate, and a lot of other stuff. However, what makes nonfungible tokens (NFTs) useful in real terms is metadata. It may not be a buzzword exactly but it ensures the user is able to make out what the NFT is all about.Metadata is information about the content that an NFT represents. As large....