Co-founder of Ethereum project and Founder of ConsenSys Joseph Lubin claimed that blockchain technology can benefit creative people. The subject was raised on ConsenSys youtube channel.
He said that artists are “set to benefit quite dramatically” from blockchain, as it allows them to attach policies and stipulations for how the content is consumed and shared as well as to eliminate middlemen, which are “sucking up 70 or so percent” of the profit.
Journalism-wise, blockchain-powered platforms like Civil could help the “gutted” journalism industry to deliver content directly to the consumer and “return ethics to journalism.”
As a reminder, blockchain-based journalism network Civil was launched on March 1. Users are able to purchase Civil membership, including internal token CVL, which will represent members’ voting power within the ecosystem.