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South Korean film festival with blockchain technology

August 28, 2020

The next film festival, organized by the Gyeonggi Film Schooltakes place from September 25th to October 4th. Recently, The festival announced its partnership with MovieBloc, a blockchain-based media distribution platform.

According to Fn News The festival audience can rate each film in real time against multiple tokens. Participants can also contribute in other ways, e.g. B. to provide foreign language subtitles for various films. in exchange for additional rewards in the form of tokens.

The online festival developed in response to the COVID-19 pandemic, It could be the first of its kind and set a precedent for future festivals in the post-coronavirus era. Kang Yeon-kyung, CEO of MovieBlocsaid he hope this new model “Can coexist with national and international film festivals and with the film industry.”

South Korean film festival with blockchain technologySouth Korean film festival with blockchain technology

In July, a piece of collaborative acting, consisting of 15 short films, was etched and embossed in a non-fungible mark on the Ethereum blockchain.

This event used a mechanism that rewarded project staff every time an asset was sold;; The Gyeonggi Film School will implement a similar idea at their next event.

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