Indian IT Giant Tech Mahindra Launches Blockchain Platform to Protect Content Creators from Piracy
Tech Mahindra, an Indian multinational company providing information technology services and business process outsourcing to companies, has launched a distributed ledger technology (DLT) solution called the Blockchain Based Contracts and Rights Management System (bCRMS). The solution is powered by IBM’s Hyperledger-based blockchain network and is designed to protect the intellectual property of content creators, make the payment of royalties easier, and ultimately curb piracy, reports Ledger Insights on July 7, 2020.
Per sources close to the matter, the 34-year-old multinational information technology company has rolled out the Blockchain Based Contracts and Rights Management System (bCRMS) which aims to simplify the entire process involved in contracts and royalties, while also helping to curb piracy. The bCRMS solution taps the immutability property of blockchain to provide service providers with precise info concerning downloads and streaming numbers their content has attracted and it also automates and simplifies royalty payments.
