NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

Using the Distributed Ledger Technology for Metadata

Joseph Young
Joseph Young
4 years ago
2 mins read
bloomberg releases whitepaper for new monetization system.

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Billion dollar financial software, data and media company Bloomberg has recently released a white paper about a new monetization technology called Metadata.

The main concept of metadata is a unified content and communication platform for various groups and teams in a single organization used to monetize each workflow, application, production and manufacturing stages of media companies through

“Ultimately, for any media company that’s producing, curating and distributing large volumes of content, metadata is the foundation that they’re putting in place. Nearly every part of any workflow relies on some component of metadata, so it’s crucial to establish consistent, thorough systems of organization. Today, metadata drives content organization, workflow optimization and automation—all of which are necessary for today’s content producers and distributors to compete,” explains Bloomberg.

There are 5 main types of metadata:

  1. Structural metadata – interaction between digital resource and other resources. For example, an indication of a relationship between a photo and a news article.
  2. Technical metadata – creation of a digital resource. For example, the editing software used to enhance image quality and reformat illustrations.
  3. Descriptive metadata – content or meaning of the asset
  4. Administrative metadata – management of content. For example, database or servers used to store digital creations.
  5. Rights metadata – licensing of media and creations.

The main objective of metadata-based platforms and applications is to grant a media company and all of its stakeholders a greater level of transparency for all possible information related its digital content.

However, centralized local applications and servers can be manipulated and could easily become vulnerable to data breaches and hacking attacks if connected to the internet. Instead, media companies could use the underlying technology of the Bitcoin network known as the distributed ledger technology to create unalterable and irrefutable descriptions and rights to digital content.

Since the beginning of the year, the bitcoin industry has seen an increasing number of blockchain-based companies and the development of decentralized smart assets / documents platform for digital content providers. One example is Ascribe, a Berlin-based blockchain startup which allows artists to register a copyright for authorization and verification.

Media companies could implement the blockchain technology to build an efficient metadata-based platform that allows anyone in the organization to license digital creations and add necessary information about the content, as done by Ascribe.

Below is a sample blockchain-based encrypted copyright of an artwork:

feature-1

“The media ecosystem 10 years ago wasn’t ready for a sophisticated metadata system that could persist across the supply chain,” observed Mark Lemmons, chief technology officer of T3Media, an industry leader in content management, delivery and monetization solutions for the world’s entertainment and sports catalogs.

“But now companies are realizing that it’s both practical and economically smart to tie assets together throughout the supply chain with metadata.”

Image taken from Ascribe

Reference: http://www.bloomberg.com/content-service/content/uploads/sites/6/2015/08/140814-Metadata-Whitepaper.pdf

Tweet123Share196ShareSend
Joseph Young
Joseph Young

Joseph Young

Joseph is a web developer and designer, writer and a passionate musician who loves to travel often. He's worked as a researcher for a number of venture capital firms and as a freelancer designer for resorts and corporations in Korea and the Philippines.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

What FunToken movement towards a 500% spike says about the scarcity market psychology

FUNToken made an almost historic announcement on June 19, 2025, wherein the company announced a fixed tokenomics, with its supply...

News BTC 7 hours ago
Bitcoin

Bitcoin Investor Sentiment Back To ‘Very Bullish’ — What This Means

The Bitcoin price action was largely sideways rather than strongly bullish for most of June. As of early July, the...

Opeyemi Sule 7 hours ago
No Room For Bears: Bitcoin Bullish MACD And Monthly Close Fuel Bullish Outlook

No Room For Bears: Bitcoin Bullish MACD, Monthly Close Fuel Bullish Outlook

Bitcoin is facing resistance just below its $112,000 all-time high, struggling to break into price discovery as the market gains...

Sebastian Villafuerte 9 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Litecoin

Litecoin Fate Tied To Bitcoin – Will $96 Resistance Crack?

Godspower Owie 13 minutes ago
crypto

Crypto Market Cap On Track To $4.5 Trillion As Q3 Unfolds – Details

Semilore Faleti 4 hours ago
Ethereum

Ethereum Price Stuck At $2,500: Analyst Says Don’t Trade Until This Happens

Scott Matherson 6 hours ago

Premium Sponsors

Press Releases

  • XRP Cryptocurrency × Dogecoin Mining: HASHJ launches...

    3 hours ago
  • Koja kriptovaluta ima veći potencijal za stvaranje milijunaša XRP ili Shiba Inu

    Koja kriptovaluta ima veći potencijal za stvaranje...

    7 hours ago
  • 3 altcoina koje vrijedi pratiti u prvom tjednu srpnja 2025

    7 hours ago
  • XRP Bulls Are Soaring — FINDMINING Rides the Wave to...

    13 hours ago
  • $AIN Expands to 7 DEXs as AI Network Activates Omnichain AI...

    13 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.