X Motions Pictures (XMP), an Australian-based filmmaking platform, has announced a partnership with CopyrightBank, a copyright registration and verification solution, to enable filmmakers and videographers to register and record the copyright of their original works on the NEM blockchain.
XMP is a platform for anyone producing video films, feature films, documentaries, music videos, web series, television shows, or short films. Using the blockchain technology, the platform creates smart contracts without the use of third parties, and provides accounting, communication, and admin tools to streamline all film business operations. Digitizing the entire process decreases time and cost for filmmakers, investors, studios, and strategic partners.
CopyrightBank is a copyright registration and verification platform for digital works powered by the NEM blockchain technology. A digital work, regarded as one’s intellectual property, can range from books, music, photographs, artworks, and films, to computer programs and databases. These assets are digitally-fingerprinted, timestamped and registered on the blockchain as evidence for copyright protection. Launching just over two months ago, CopyrightBank has more than 500 registered users globally, including in Australia and in the US.
“CopyrightBank’s partnership with XMP will deliver a 21st century copyright solution to the filmmaking industry. It is an innovation that is long overdue,” said CEO and Founder of CopyrightBank, David Oh.
“We’re thrilled to be partnering with CopyrightBank because it is a fully functional blockchain project. Through this partnership, XMP will enable copyright registrations for films, screenplay, music compositions, animations, and other filmmaker assets,” said XMP Founder, James Vegter.
“We are seeing an increased adoption of the NEM blockchain as a versatile plug and play platform to build blockchain projects. This partnership between CopyrightBank and XMP will further expand the NEM ecosystem in Australia and globally,” stated NEM Expansion Director for Australia and New Zealand for the NEM Foundation, Jason Lee.
ABOUT X MOTION PICTURES
X Motion Pictures (XMP) is a decentralized platform that runs XMP, a worldwide filmmaking currency through blockchain technology, that will integrate smart contracts, accounting, communication, and administration utilities to streamline all film business operations.
CopyrightBank is a copyright registration and verification platform for digital works powered by the NEM blockchain.
ABOUT THE NEM BLOCKCHAIN PLATFORM
NEM is an "out-of-the-box", enterprise-grade blockchain platform which launched in March 2015. NEM has industry leading blockchain features which include: multi-signature account contracts, customizable assets, a naming system, encrypted messaging, and an Eigentrust++ reputation system. Companies with legacy systems can "plug 'n play" with NEM.
ABOUT THE NEM.io FOUNDATION LTD
NEM.io Foundation is registered in Singapore, operating globally. It was launched to promote NEM's blockchain technology worldwide. It is one of the most well-funded and successful blockchain technology projects in the cryptocurrency industry.