Chinese language iQIYI, a Netflix-like streaming platform, intends to implement the Ethereum (ETH) ERC-3475 good contract normal to deal with copyright points. This information was introduced by DeBond, who’s the developer of the ERC-3475 normal.
iQIYI is China’s largest on-line video platform with over 100 million subscribers. The corporate stated it can use good contracts to “resolve copyright-related points resembling disputes, secondary creations, and copyright funding in authors’ works.”
In response to the announcement, a devoted product group has been fashioned in iQIYI to create a copyright accounting chain, and the interior beta model of the system is presently operating. Public testing of the brand new good contract system is predicted to happen within the first quarter of 2023.
Picture: China Movie Insider