What are the benefits of blockchain as it used in the Cappasity Ecosystem?
Decentralized and trustless copyright storage
All content and its exchange details are immutably stored in the blockchain, which resembles a Bittorrent-like system.
Each content file is assigned with an ID or a hash to prevent any copyright infringement. All hashes of all the files are listed in the blockchain and cannot be changed. Once a content transaction is done, all its details will be processed according to a smart contract protocol and cannot be reversed retrospectively. For instance, the system won’t allow a malefactor to sell someone else’s file by claiming it as their own, or rent a file for free when the rental period has already come to an end.
Therefore, when exchanging content, buyers and sellers are guaranteed that their copyrights are fully protected.
Nearly free, instant and transparent global financial transactions
Firstly, thanks to the blockchain, when 3D content is being sold via the marketplace, it is sold at a seller’s price and the Ecosystem participants are charged close to no fees. Secondly, blockchain technology allows instant and transparent financial transactions all over the globe. The content owner receives payments for each transaction very quickly and without a failure.
Overall, the blockchain helps us create a secure and convenient environment for 3D content production and mass distribution. Since high-quality and accessible content is the driving force behind the development of AR/VR technologies, we believe that the blockchain-based AR/VR Ecosystem will bring the AR/VR industry to a new level of its development.