Using Blockchain to Finance and Distribute Your Film

The landscape of the film industry is changing and at its forefront is the innovative, Blockchain technology and Web 3.0. In the last decade or so, we have witnessed a major shift in all sectors of film including the studios, streaming companies, and the independent film industry.

Back in 2009, I was teaching at a major university and researching the causes and events of the recent housing financial collapse. It was also around that time; I became aware of Bitcoin and cryptocurrency. Blockchain technology had just been born. Then, in 2019, my attention was once again drawn to the innovative nature of Blockchain and its potential to change and improve industries. Since that revelation, I have studied and researched Blockchain technology intensely with a clear focus directed to the film industry.

I followed a natural progression to focus on how Blockchain technology can improve and create potential major benefits for film funding. Financing film projects often requires an elaborate patchwork of investors, banks, soft money tax credits, and in-kind services. The independent film sector of the industry has been my major focus however, the studios and major streaming companies can and are fully applicable to many of the concepts and protocols discussed.