Introducing HLWChain

Hollywood Chain (known as HLWChain) is a secure and transparent blockchain ecosystem built for the Film and Television Industry. It aims to disrupt the film and television industry as we know it by becoming the biggest global talent marketplace. It is the world’s first film and blockchain technology combination project which is launched by the British Hollywood Technology company.

The aim of the project is to solve the financial, accounting, trust and other issues in the film and television industry. The project is focused on giving every investor an equal opportunity to step into the spotlight without any barriers.

Its vision is to revolutionize the way producers are presented and booked as well as to open the world to fan investment. It will build a blockchain-based intelligent contract application platform to ensure that the global community can participate in industry regardless of level of profession, fame, and country. The chain is composed of an innovative database of millions of fans profiles, ranked according to social media popularity. It is a tokenized incentive program for fans in a blockchain-based contract and payment system.

When it comes to payments, one of the biggest advantages of using the blockchain technology in the artist booking process is the ability to offer an escrow. It’s the safest way for both parties when dealing with artist bookings. However, fiat currencies escrow in most countries requires a set of licenses from centralized authorities such as a central bank or the Ministry of Treasury and Finance. Using a cryptocurrency with a combination of a smart contract solves this issue and allows for effective and safe escrow.