🚀 **IOTA Unveils Blockchain Tool for Music Rights in Films!** 🎬

IOTA has launched a new blockchain-based tool to simplify music rights management in the film industry. Developed under the European Blockchain Pre-Commercial Procurement initiative and funded by the European Commission, this solution aims to streamline negotiations and secure intellectual property rights more efficiently.

Key Features:

- **Smart Contracts for Media**: Automates contracts between film producers and rights holders.

- **NFT Integration**: Uses NFTs to represent rights and obligations, with data stored off-chain via IPFS.

IOTA claims this will revolutionize IP rights management, making it faster and more secure. What are your thoughts on blockchain in the film industry? Comment below! 💬

Read more: [IOTA becomes Sharia compliant as its price stalls]