Sony develops blockchain solution

[localcrypto]

Japanese technology multinational Sony revealed it is working on a blockchain-powered extension of its digital rights management system Monday. The project is a joint endeavor with both Sony Music Entertainment Japan and Sony Global Education.

The press release notes that this “new system” is built off of Sony and Sony Global education’s previously developed system for “authenticating, sharing, and rights management of educational data, and additionally features functionality for processing rights-related information.”

“Sony Group is also considering innovative ways to make use of blockchain technology for information management and data distribution in a host of different fields,” it added.

In August, the U.S. Patent and Trademarks Office (USPTO) released two Sony patents that had been filed for boosting blockchain-based ecosystems.

[dhemasm]

Another good news from crypto this week, Damn sony is a big company and I'm very happy that they've started adopting blockchain technology. I hope the other big companies start adopting blockchain technology and I'm sure Bullrun is coming soon! Anyway can you give me a link about this news?

[bob3772]

Another good news from crypto this week, Damn sony is a big company and I'm very happy that they've started adopting blockchain technology. I hope the other big companies start adopting blockchain technology and I'm sure Bullrun is coming soon! Anyway can you give me a link about this news?

How does this actually tie in to cryptocurrencies though? They don't need to use cryptocurrencies in order to have a blockchain, all it really serves to do it act as an indication of the potential of blockchain technology.

[proTECH77]

............... Anyway can you give me a link about this news?

Though the good news is worthy of applause but going through the whole article i found out things that might not be good at the moment. According to the news i quote "In April, CCN reported that Sony filed an application for a patent to store users’ digital rights data on the blockchain. In its patent application, Sony warned that “conventional solutions may not be very reliable and rely on one unique point of failure which could lead to the loss of all the acquired content."

Source link: https://www.ccn.com/sony-develops-blockchain-based-rights-management-system-for-digital-content/

[dhemasm]

How does this actually tie in to cryptocurrencies though? They don't need to use cryptocurrencies in order to have a blockchain, all it really serves to do it act as an indication of the potential of blockchain technology.

Cryptocurrency Always associated with blockchain technology for now, When people hear Blockchain they always associate it with Bitcoin (In My Country) So i think this will lead people's opinion to a more positive direction, First they will try to buy or read what is Bitcoin then Blockchain. This is just my opinion, with mass adoption of blockchain technology that indicates that this technology is being accepted by many people and maybe have a effect on cryptocurrency price (?).

The point is when a large company starts to adopt or give an opinion that they will use Blockchain technology, (This is case for people on my country) They will start to be curious about blockchain and the first stage is Bitcoin (Most people in my country like this) Or Cryptography (For some people).

Sorry if my English is not good, I just write my opinion.

[adekogbe]

A company like sony creating a blockchain  powered systems is a good news for the blockchain technology, however I think in order to protect the project cryptocurrency from market manipulations and this volatility.
 A different approach to other projects should be taken regarding it token sales and distribution.
Sony is a reputable company and this is showing that blockchain is really the future of technology.

[TomArayaSlaya]

Is a happy day for blockchain lovers i think finally we are getting there.. Always getting bigger and better eventually

[l10no]

wow, I don't think if Sony has propagated to the blockchain world, what its obvious development will not be disappointing. we are together waiting for Sony to change the world.

[bisdak40]

This is a good news to the cryptocurrency community considering that Sony is a giant company and they are very legitimate that can boost confidence to crypto investors. I wouldn't be surprise if they use blockchain technology because Sony is a Japanese company if i am not wrong and Japan is a friendly country to cryptocurrency.

@OP, do you link to the news article?

[vallydelly]

It's really a nice thing to see more tech giants adopting blockchain technology and building something with it and these people that keeps joining the space always give me hope that the future of cryptos and blockchain is bright.

[Fatunad]

How does this actually tie in to cryptocurrencies though? They don't need to use cryptocurrencies in order to have a blockchain, all it really serves to do it act as an indication of the potential of blockchain technology.

Cryptocurrency Always associated with blockchain technology for now, When people hear Blockchain they always associate it with Bitcoin (In My Country) So i think this will lead people's opinion to a more positive direction, First they will try to buy or read what is Bitcoin then Blockchain. This is just my opinion, with mass adoption of blockchain technology that indicates that this technology is being accepted by many people and maybe have a effect on cryptocurrency price (?).

The point is when a large company starts to adopt or give an opinion that they will use Blockchain technology, (This is case for people on my country) They will start to be curious about blockchain and the first stage is Bitcoin (Most people in my country like this) Or Cryptography (For some people).

Sorry if my English is not good, I just write my opinion.

You do actually have the point because if Blockchain technology had been recognized and tend out to be adopted or to be used on their industry then it cant really be avoided on having such curiosity entirely about
Cryptocurrency which would really lead out into the end on knowing Bitcoin and other related cryptos in the market but the thing isnt a guarantee is that it doesnt signify that they will jump in also.The decision would always vary on their own views towards it.

[kutangterbang]

that innovation must indeed be done by a company the size of Sony, because then they can follow the development of technology and still be able to maintain the existence that has been built for a long time

[peregar2022]

I have only a positive attitude towards Sony, I hope that in this new project this company will achieve success.

[JeffBrad12]

Another good news from crypto this week, Damn sony is a big company and I'm very happy that they've started adopting blockchain technology. I hope the other big companies start adopting blockchain technology and I'm sure Bullrun is coming soon! Anyway can you give me a link about this news?

Lol you can't even understand the meaning of this news, it's about blockchain and there was on correlation with crypto. I thought that you must read that article carefully to take the main thing. Sony is about to create its own blockchain solution and this company never try to mention crypto. This looks very true consider about the company always talking about blockchain.

[kingzpro]

I was also reading the other day that Sony has silencely released its innovative, contactless  hard wallet and now this, it is truly wonderful to see the mainstream giant companies are coming up with blockchain related products and solutions, in other words world is now accepting the reality and worth of cryptos so everyone is jumping on board which is great for adoption.

[masterrex]

Japanese technology multinational Sony revealed it is working on a blockchain-powered extension of its digital rights management system Monday. The project is a joint endeavor with both Sony Music Entertainment Japan and Sony Global Education.

The press release notes that this “new system” is built off of Sony and Sony Global education’s previously developed system for “authenticating, sharing, and rights management of educational data, and additionally features functionality for processing rights-related information.”

“Sony Group is also considering innovative ways to make use of blockchain technology for information management and data distribution in a host of different fields,” it added.

In August, the U.S. Patent and Trademarks Office (USPTO) released two Sony patents that had been filed for boosting blockchain-based ecosystems.

This is great and positive news for the "Blockchain and Crypto-Community"I hope that more multinational companies will ride the Blockchain Bandwagon and developed their product so that the Blockchain base Community will prospere and developed further to achieve the goal.

[dhemasm]

I thought that you must read that article carefully to take the main thing.

Bro, can you see that I'm asking for a link to the article? How do I know beforehand if previously it did not provide a link to the article that they will make their own blockchain solution? I said like that because hype.

Anyway can you give me a link about this news?

And it looks like this statement was written by bob3372 the point is same who questioned my statement on the first post(?) And I also explained before in the post that was above why I said like that right?

Cryptocurrency Always associated with blockchain technology for now, When people hear Blockchain they always associate it with Bitcoin (In My Country) So i think this will lead people's opinion to a more positive direction

The point is that blockchain is always associated with cryptocurrency for now (In my country) I think this will at least have an effect on crypto prices, That is in my opinion. Sorry if it's not clear because my English is bad.

[Callanta787]

Sony getting into crypto space is not a small new ,this is huge I'm happy to hear this ,using blockchain tech does means we will see new use of the technology,I'm sure it will help crypto to

[sehoon]

Japanese technology multinational Sony revealed it is working on a blockchain-powered extension of its digital rights management system Monday. The project is a joint endeavor with both Sony Music Entertainment Japan and Sony Global Education.

The press release notes that this “new system” is built off of Sony and Sony Global education’s previously developed system for “authenticating, sharing, and rights management of educational data, and additionally features functionality for processing rights-related information.”

“Sony Group is also considering innovative ways to make use of blockchain technology for information management and data distribution in a host of different fields,” it added.

In August, the U.S. Patent and Trademarks Office (USPTO) released two Sony patents that had been filed for boosting blockchain-based ecosystems.

Okay good news. But I want to know a more specific reason. I want people to answer the questions that are related to this. How big is the problem are they going to solve? And why is the problem they are giving a solution should be solved?

[Ericfurst]

Sony is really a best tech based company and If it tries to find solution of blockchain system, it definitely will. They have the best minds working for anything and the solution is inevitable.