Fintech News

Ant Group Unveils Digital Copyright Services Platform Powered by AntChain

Ant Group Unveils Digital Copyright Services Platform Powered by AntChain

Ant Group, a leader in the development of open platforms for technology-driven inclusive financial services, and the parent company of China’s largest digital payment platform, Alipay, today unveiled its new digital copyright services platform powered by AntChain, the company’s blockchain-based technology. The platform aims to help millions of original creators verify and protect their copyright with greater efficiency and at a lower cost.

Read More: Riskalyze and Envestnet Announce Integration to Streamline Proposal Process for Advisors

Powered by blockchain and AI technologies, the digital copyright services platform enables content creators to quickly authenticate and verify a variety of original works, from music scores to videos, images, and articles and essays. When a creator uploads his or her work onto the platform, the platform will first verify whether the content is the only one that exists within its database. It will then generate a unique digital copyright certification containing basic information about the work, as well as a notary stamp. These tamper-proof certifications can also be submitted as evidence in copyright infringement and tort cases.

The digital copyright services platform also provides identification and search services that can help creators effectively monitor and flag potential copyright infringement, making it easier and less costly for IP owners to verify and protect their original content.

Applying for copyright registration and certification is typically a complicated and time-consuming process. With the digital copyright services platform, this process is effectively shortened to one minute, and creators can save up to 95% in related expenditures.

“We believe that AntChain can play a pivotal role in building trust among multiple parties and solving real-life problems for the copyright industry,” said Guofei Jiang, President of Advanced Technology Business Group, Ant Group. “The AntChain-powered digital copyright services platform was specifically designed to address the pain points that creators typically encounter when trying to authenticate and protect their work.”

Read More: Alacriti Announces Cloud-Native, End-to-End Solution for Real-Time Payments

Shanghai C.C. Music Culture Co Ltd, China’s leading digital music score copyright distribution network, was one of the first partners to join the digital copyright services platform during its trial period. Now, musicians who are part of Shanghai C.C. Music Culture’s network can secure digital copyright certifications when they upload their original works to the platform. At the same time, AntChain will generate smart contracts that can record revenues generated by the musicians and the distributor. Once their work is successfully sold, the smart contract is triggered, and revenues will be automatically distributed to the musicians and Shanghai C.C. Music Culture.

Nianhua Yi, CEO of C.C. Music, commented, “The AntChain-powered digital copyright services platform enables the musicians on C.C. Music to register and certify their works with ease. That really brings great benefits for the creators.”

At present, more than 10 million original works are certified every day on the digital copyright services platform.

Read More: LoanSnap Secures Strategic Investment from Avanta Ventures

Related posts

Canopy Releases New Updates and Features Across Its Product Suite

Fintech News Desk

Mastercard Launches Recovery Insights Initiative to Inform Business and Government Economic Response Efforts

Fintech News Desk

Launch of Datasoft Smartforms Bridges the Gap in Onboarding for Foreign Exchange and Cross-Border Payments Firms

Fintech News Desk
1