Are We Ready for a Blockchain-based Entertainment Industry?

First of all, I have to admit that centralised platforms such as YouTube have made it much easier for anyone to start earning money with their content. However, the problem I have with this system is the unfair distribution of the compensation content creators receive. YouTube, for example, holds back 45% of the revenue they earn through displaying ads in your monetized videos.

Besides unfair distribution, a centralised platform can set the standards they benefit from, even if it is not completely according to the content producers their wishes. Of course, the content producers are the main source of income for platforms like YouTube, so their opinion is often taken into consideration. A great example is the demonetisation policy of YouTube, if they deem that your content is not appropriate for advertisements, they can demonetise it and there is little you can do about it.

Original source
https://hackernoon.com/are-we-ready-for-a-blockchain-based-entertainment-industry-fa708d08d7f5?source=rss----3a8144eabfe3---4

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