THELOGICALINDIAN - Scholars from South Africas Stellenbosch University accept launched an avant-garde startup that offers bitcoins to individuals in barter for their abetment in policing media piracy
Also Read: South Africa to Take “Balanced Approach” to Bitcoin and Cryptocurrency Regulations
Custos Uses Bitcoins to Incentivize Users to Identify the Origin of Pirated Media
Custos assists book publishers and cine studios by embedding the clandestine keys for a bitcoin wallet into agenda files of beforehand copies and encourages individuals to awning pirated files application chargeless screening software. The identification of the clandestine keys buried aural a book acceptance Custos to clue the agent of the file’s leak, with the alone who reveals the clandestine key accepting almost $5 – $10 USD account of bitcoin.
The activity is chiefly advised to analyze back a cine is leaked amid its final cut and accurate release, a aeon in which tens of bags of beforehand copies of a blur are broadcast to critics and reviewers. Traditionally, anecdotic the antecedent of a aperture during this aeon has been impossible, but Custos believes that bitcoin will accommodate able allurement for the consumers of pirated media to advice trace the agent of their files.
“We Can Employ a Community of Anonymous Individuals, Doing Things That Have Tangible Value” – G-J Van Rooyen, Custos Co-Founder
Custos co-founder, G-J Van Rooyen, has expressed his activity for the project, advertence “whether you alarm it a post-capital abridgement or a new peer-to-peer economy, it’s magical. “We can apply a association of bearding individuals, accomplishing things that accept actual value… for all the action about the blockchain, there’s a heck of a lot you can do with acceptable cryptocurrencies like bitcoin.”
The aggregation claims that on boilerplate it takes aloof 42 abnormal for an alone to affirmation the bitcoin compensation buried in a book already it has been uploaded to amusing networks. If a book has been leaked assimilate the aphotic web, the compensation is claimed aural 5 account on average, and 28 account on boilerplate for offline media such as files affected to a CD. Custos has apparent the majority of its use from individuals active in developing countries, area the bitcoin compensation is of ample value.
Do you anticipate that Custos’ archetypal of incentivizing the identification of leaked files with chargeless bitcoin will advance to a abridgement in the apportionment of pirated media? Share your thoughts in the comments area below!
Images address of Shutterstock and Custos
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