Taking Nollywood To 24 Million Blockchain Wallet Users
On Friday, February 2, 2018, I honoured the important invitation of the Nollywood Studies Centre of the School of Media and Communication at the Pan-Atlantic University (PAU) in Ibeju Lekki, Lagos state. We want #Nollywood to benefit from the great opportunities in #blockchain film distribution in the global film industry.
I met with Mrs. Chioma Anokwuru. Manager, Nollywood Studies Centre and her colleagues, Mrs. Temitope Falade, Cpmmunications Manager, Mr. Kenneth Esere, Director, SMC Media and Mr. San Igbedion, Media Production Officer. And later I met Dr. Ikechukwu Obiaya, Dean of the School of Media and Communication.
The meeting lasted for four years of interactive discussion on Nollywood, Kannywood, Nigerian film industry, NOLLYWOOD MIRROR®Series, local and global film distribution of Nigerian movies and the new big marketplace for #cryptocurrency and blockchain technology for Nigerian filmmakers, film distributors and exhibitors.
The Blockchain Distribution platform is ready and Nollywood filmmakers will sell directly to all the millions of Blockchain wallet users in the world in the decentralised system for film distribution.
There are more than 24 million blockchain wallet users who have made over 100 million transactions so far.
The global media and content distribution industry is estimated to grow from US$1.7 trillion in 2016 to over US$2 trillion in 2019.
The platform is run by a leading member of the Enterprise Ethereum Alliance (EEA), the world's largest Blockchain consortium. EEA currebtly has more than 133 members, including ConsenSys, CME Group, Cornell University's research group, Toyota Research Institute, Samsung SDS, Microsoft, Intel, J.P. Morgan, Cooley LLP, Merck KGaA, DTCC, Deloitte, Accenture, Banco Santander, BNY Mellon, ING, and National Bank of Canada. MasterCard, Cisco Systems, Scotiabank, Sberbank, Russia's largest bank by assets, The biggest bank in Canada, Royal Bank of Canada, the Government of Gibraltar, SK Telecom, South Korea’s largest wireless carrier AMD, EY, Kaspersky and
Pfizer.
Nigeria, the biggest economy in Africa with the largest market in the continent cannot be left behind. And bringing Blockchain film distribution to the Nigerian film industry is a must do. I have already succeeded in introducing Nollywood to the biggest and largest blockchain film distribution platform in the world and I am presently the first and only Nigerian member, because membership with a blockchain wallet is a compulsory prerequisite for using the platform. I have to see how it works.
The Nollywood Studies Centre of the School of Media and Communication is the only place in Nigeria that has the capacity for the blockchain technology for blockchain film distribution.
The Nollywood Studies Centre currently has the largest collection of Nollywood movies with more than 10, 000 titles and also has one of the biggest sound proof studios in Nigeria and world class post production suite. In fact, a producer can complete a script to screen film production in Lagos using the Pan-Atlantic University (PAU) for locations, both for rural and urban settings like when the entire village of Umuofia was built at the airport in Lagos for the film adaptation of Chinua Achebe's all time classic novels, "Things Fall Apart" and "No Longer at Ease" produced by Francis Oladele and directed by Hans Jürgen (Jason) Pohland in 1970. I have the production notes with me for anyone or organization that needs them.
Therefore, any Nigerian filmmaker can make a movie and upload it straight to the blockchain film distribution platform.
The payment for every transaction is transferred instantly to the artist’s blockchain wallet account after each transaction. Artists will no longer wait months before receiving payments.
The platform can also be used to raise money for film productions. The powered TV and film platform finished its ICO, raising US$7.5m last year 2017.
The beauty of blockchain technology is that it enables a digital marketplace that is both decentralized yet tamper-resistant. Transactions are recorded chronologically in a distributed ledger that is transparent to its participants, but encrypted so nobody can cheat by changing or faking transactions. Agreed business rules, logic, and contract terms can also be programmed to automate transactions, known as ‘smart contracts’.
~ForbesAll the facts and figures will be given at the Blockchain Film Distribution Conference coming up soon with the introduction of the platform.
~ By Ekenyerengozi Michael Chima, Publisher/Editor of the NOLLYWOOD MIRROR®Series and 247 Nigeria @247nigeria
https://www.amazon.com/author/ekenyerengozimichaelchima
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