“No Postage Necessary” is a new film about bitcoins, cryptocurrencies, and blockchain networks which will also appropriately debut on a blockchain network. The movie will be simultaneously released to select US theaters, as well as on the Vevue video sharing app – which is a peer-to-peer video network app based on the Qtum Blockchain network. This event will make “No Postage Necessary” the first ever movie to be released on blockchain.
Now coming to David Culver – the writer, director, and producer for the film, he hopes that the use of blockchains can help make the film go viral. He has also developed plans to incentivize moviegoers to review the film in exchange for Vevue tokens. Besides having hopes in regards to the film’s success, Culver also cites how this could be the stepping stone to eradicate the problem of piracy from the film industry.
According to Culver’s argument, “there are many advantages to blockchain distribution, including immutable proof of intellectual property rights, transparent royalty payments, and, since all data on the blockchain is resistant to duplication, we can now envision a world where films are no longer pirated.”
However, not everyone in the industry shares Culver’s hopeful attitude. As pop culture writer Amy Roberts stated, “…media or other data, even if referenced on a blockchain, can always be duplicated. A blockchain is simply a database.”
So it is still a debate on whether or not blockchains could spell the end for illegal distribution of cinema. Regardless, it is still worthy of an appraisal to see blockchain technologies being adopted by people working in the film industry. Currently, there are also many more film titles scheduled to be released on Vevue. A few of them involves a Sci-Fi anthology called “New Horizon,” and then there is “Decentralized” where we will see a skeptical economics professor learning more on decentralized technology.