Blockchain for the Creative Industries
Story Posted: 12 January 2020
Outcomes of the 2019 Fak’ugesi Festival Blockachain for the Creative Industries Hackathon and Panel Discussion.
The Fak’ugesi African Digital Innovation Festival commissioned CoinEd, an education provider in the cryptocurrency and blockchain industry, to host a hackathon for the purpose of investigating opportunities to solve problems in the creative industry using blockchains.
From a CoinEd perspective, this was an exciting opportunity, given that proof-of-ownership is often a common pain-point amongst creative work producers, 3rd party intermediaries and consumers. In addition, blockchains (and smart contracts) offer the possibilities of direct interaction between artists and consumers, improving revenue allocations to the artists themselves, and removing inefficiencies associated with bureaucratic processes.
This report produced by CoinEd for Fak’ugesi Festival. The hackathon and this report were presented with the support of German Cooperation Implemented by the GIZ.