Atheneum: The Blockchain That Manages Theatrical Releases

Abstract

Managing theatrical releases is a complex, crucial business task. Proper management is a crucial factor in success. Unfortunately, this management is currently ad-hoc and non-optimal. — Blockchain is a secure distributed ledger that may offer a collegial, efficient, cost-effective solution. — Atheneum is a permissioned blockchain that manages the titles and releases of all studios. It hands the distribution rights to the distributors. The smartcontracts enforce that release dates and territories comply with the business rules. Atheneum implements a Decentralized Autonomous Organization (DAO) to streamline the enrolment and revocation of entities. — Using open-source Hyperledger Fabric, Atheneum perfectly illustrates how blockchain technology can benefit the media industry outside of cryptocurrencies and non-fungible tokens (NFT).