CJ Corp Chooses Amazon Blockchain Solution for Music Copyright Management

Asia Blockchain Review
October 6, 2019
CJ Corp Chooses Amazon Blockchain Solution for Music Copyright Management

A South Korea conglomerate has chosen blockchain technology made by world leading online retailer Amazon as its copyright data solution.

Coin Rivet, citing Yonhap News, has reported that CJ Corp is to employ blockchain technology developed by Amazon to manage its copyright information.

Improving Copyright Management via Blockchain Solution

Headquartered in Seoul, South Korea, CJ Corp comprises numerous businesses across various industries, from food and pharmaceuticals to media and home shopping. The group’s utilization of Amazon Web Services’ (AWS) Elemental MediaConvert, a blockchain solution for extracting music content from broadcast data, will purportedly bring greater transparency to music copyright management.  

The file-based video transcoding service will mainly provide storage tools to CJ Corp, ultimately enhancing its ability to manage intellectual property.  

CJ Corp Adoption of Blockchain In Line with Emerging Trend

According to Coin Rivet, music companies are increasingly turning to blockchain technology in search of solutions, with the burgeoning realm offering a variety of benefits such as increased fairness for musicians and more efficient distribution. CJ Corp’s adoption of blockchain has therefore been viewed by analysts as consistent with that emerging trend.

Blockchain technology has been especially well-received in South Korea. According to Park Won-Soon, the mayor of Seoul, efforts are being made to transform the city into a hub for blockchain adoption and solutions. In 2018, he was quoted as saying, “There’s no doubt blockchain is the core technology of the fourth industrial revolution, which will shape the future IT industry.”

Source: coinrivet.com

About Asia Blockchain Review

Asia Blockchain Review is the largest initiative for media and community building in Asia for blockchain technology. It aims to connect all blockchain enthusiasts on a regional scale and facilitate the technological foundation of blockchain through a range of group discussions, technical workshops, conferences, and consulting programs.

Our goal is to cultivate and encourage a collaborative community for our members to gather, share their experiences and endeavors in the blockchain space, and brainstorm the potential uses of blockchain technology.

Follow Asia Blockchain Review on:

Related Article
Vanguard Group Tests Blockchain-Powered Forex Trading Platform
The Vanguard Group is testing a blockchain platform that will allow asset managers to trade currenci...

October 14, 2019

South Korean Blockchain Provider Blocko Officially Launches in UAE
Blocko, a Samsung-backed enterprise blockchain provider from South Korea, has officially launched it...

October 13, 2019

China Will Likely Approve Yuan-Backed Stablecoin And Blockchain
The yuan-backed CNHT has a good chance of being accepted by China, with the potential to attract inv...

October 13, 2019

We provide information about Asia Blockchain Review latest activities as well as global blockchain news and research. Subscribe to our Newsletter now or Contact us