Bitcoin Bounties Can Flag Digital Media Piracy in 45 Seconds
A digital publishing solutions startup has created a new use for Bitcoin bounties, which turns cyber criminals on themselves and can flag media piracy in 45 seconds. Bitcoin Bounties Turn Criminal On Criminal. Operating with digital content from ebooks to video and audio, UK-based Custos Media Technologies aims to prevent copyright infringement and piracy of ebooks by embedding bitcoins in digital media content. In so doing, Custos is hoping to stamp out fraud while providing a better alternative to the industry than the options currently used, specifically so-called “hard digital rights....
Related News
Pirates beware! Stellenbosch-based anti-piracy startup, Custos Media Technologies, has made a deal with the Technology Innovation Agency (TIA) of South Africa to help it grow and bring their services to a wider market. Under the agreement, TIA will provide a funding injection of 5.9 million rand, or approximately $407,000 USD, into the startup over the....
The connection between content piracy and bitcoin is no different than the connection shared by fiat currency with copyright infringements. Piracy has become a global issue, effecting artists, movie makers, game publishers and others who are into the media and multimedia business. Content piracy amounts to copyright infringement which is a crime. According to the Recording Industry Association of America, music privacy results in over $12.5 billion in economic losses, whereas video piracy amounts to $18.5 billion in a year. It is not just the Hollywood studios and record labels that are....
According to the latest Theatrical Market Statistics report released by the Motion Picture Association of America (MPAA), global box office revenues reached $38.3 billion in 2015, up 5 percent from 2014. But Chris Dodd, chief of the MPAA, said that if the issue of piracy could be tackled it would add a healthy $1.5 billion more to the movie industry’s bottom line. But currently available piracy detection technologies are ineffective in tackling digital media piracy because most illegal downloads happen on peer-to-peer networks. Custos Media Technologies, a startup based in Stellenbosch,....
Custos Media Technology, a Bitcoin bounty startup has raised $420,000 in a recent funding round. Custos Media Technologies, a South African company which fights piracy using Bitcoin and blockchain technology, has recently announced a successful fundraising round of $420,000. South Africa’s Technology Innovation Agency (TIA) is the investor in Custos’ latest fundraising round. A prominent startup news media outlet reports that the company will be receiving the raised amount over the next two years. This is the third funding round, amounting to a total of $850,000 till date. Custos Media....
Custos Media Technologies, a South African bitcoin blockchain-based startup that has developed the means to identify and track illegal file-sharing and pirates through the bitcoin blockchain, has received a new cash injection of over $400,000. South African startup Custos Media Technologies, a company that uses the bitcoin blockchain to combat media piracy has reached an agreement with the Technology Innovation Agency (TIA) that will see funding of 5.9 million Rand (approx. $400,000) gained by the startup over the next two years. A Bitcoin Reward for Downloaders? The technology, seen as a....