#blockchaindeployments

Currently, blockchain is one of the most talked-about and published technologies. There are only a few sectors that are not enthusiastic or concerned with the concept, as use cases, proof of ideas, and full-fledged companies based on blockchain principles are emerging. Indeed, blockchain has the potential to disrupt existing ones, but also to enable new business models.

Media players should consider blockchain-based applications and its potential impact across the industry. Pricing options for micropayments for paid services content, a change in market power ignoring aggregators and better distribution of royalty payments.    Media players should consider blockchain-based applications and its potential impact across the industry. Pricing options for micropayments for paid services content, a change in market power ignoring aggregators and better distribution of royalty payments.

Potential Of Blockchain-Based Technologies For Current Concerns Media industry includes interlinked operation and project, and to manage it with full efficiency becomes a challenge.

Below are some factor that could be impacted;

• Paid content may increase thanks to new pricing models based on micropayments

• Monetization options arise for an increasingly fragmented content inventory (for example, blogs, news, photos)

• The allocation of advertising budgets becomes more precise and targeted because the use of the media can be directly linked to the particular content elements

• Copyright violations and piracy are almost impossible. However, technology and mechanisms are still young and evolving, and industry-wide adoption of standards is likely to occur in a few years.

With the advent of blockchain development, this industrial structure can change significantly. Blockchain technology helps to largely ignore content aggregators, platform providers, and royalty collection associations. Market power is therefore transferred to the copyright owners.

Although some blockchain applications still seem overblown and require new technological advances, the use cases focused on payment have already been proven. Therefore, parts of the media value chain are already threatened by new blockchain-based payment and contract options. This can fundamentally redefine pricing, advertising, revenue sharing, and royalty payments.

Payments or advertising revenue will be no longer need to be collected centrally. Payment transactions become cheaper, and income distribution is automated based on predefined smart contracts.

According to Deloitte study titled“Blockchain @ Media”, below are some pointers that should reveal how blockchain is set to be beneficial for the industry.

Advantages Of Blockchain For The Media And Communication

• Affordable content can be resolved efficiently between seller and buyer

• Liberalization of the advertising market

• More accurate monitoring of ad efforts performance

• Almost real-time allocation of royalty payments

• Alternative to inaccurate estimates

• Transparent and "verifiable" P2P transactions

• Automated billing in real-time

• Reduced rights management complexity

• Direct consumer connection to the person/user via Blockchain authentication

To the point,

In summary, the potential benefits of blockchain for the media industry relate primarily to payment transactions and copyright monitoring. Possible applications and technical innovations will have a huge impact. Content creators will be able to closely monitor their reading hours, rights and advertising revenue can be shared accurately and on time, based on consumption, and affordable content can be shared, bought effectively, even for a few cents.

Looking for a blockchain partner?

Panacea Infotech is one of the leading name in futuristic tech development. We are known for end-to-end blockchain integration and development.

Low code development provides programmers with an environment for creating application software through graphical user interfaces and settings, such as drag and drop, over a traditional computer programming, which generally requires millions of lines of code. The platform features ensure the fast delivery of business applications with minimal manual coding and initial investment in configuration, training, and deployment.

With the emergence of software giant Microsoft and Google investing in the creation of accessible development platforms in low code, it would indicate an increase in market adoption. This can fill the vast talent gap in software engineering worldwide. It offers non-technical personnel the opportunity to test their ideas or concepts with real customers much faster, providing more useful data and insights before using a technical team.

Low Code Features That Some How Outsmart Conventional Coding

Focusing first on the most critical feature,

Speed

When speaking of speed, the low code platforms can allow new applications to be delivered in a fraction of the time usually required. Instead of putting the manual effort into coding an app from scratch, which consists of standard functions and components, low-code platforms allow developers to work with existing models. This means that you can quickly drag predefined items, forms, and objects together to provide a simple and functional application for a specific department or team.

Customization

Company-specific problems require a unique solution. Depending on the platform, the low code development may meet this need and allow a personalized approach to creating applications forspecific use cases, instead of investing in a more general product, more expensive and with many redundant qualities that are insufficient to be useful.

Democratization

Low code platforms can be deployed by people with minimal or no programming knowledge, allowing non-technical personnel to create their applications to meet their needs without any minimal input from the IT staff, especially if the latter are overloaded.

Multiuser guidance

Low-code platforms are designed to serve types of technical and non-technical users, allowing morepeople to create the software tools needed to do their jobs more efficiently.

Easy iteration

The low code provides fastand iterative delivery of business applications. People can quickly get to thepoint where they can see if a proposed idea or solution is on track, usuallycreating models or prototypes with end-users. At that point, you can quicklytest, refine, and implement or ignore an idea before spending a lot of time oreffort.

So, Will Low Code Development Replace Traditional Technology?

Unlikely, but it could help to narrow the talent gap in the medium term by arming non-technical people with development tools, as well as reducing part of the backlog of technology teams as much as possible.

With all of the complex business applications going into production today, another case can be made for moving low / no-code development.The reason is that low code and no-code platforms offer small components as a more natural way to build more massive application architectures. This has turned out to be an increasingly winning option for businesses that now need to develop software on their own and respond to this trend.

Panacea Infotech is among the top tech companies attributed to deliver low code or OutSystem solutions and integration.

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