This week, Cryptocurrency and Blockchain invade yet another sector. The prominent Sony & Disney backed entity is now introducing blockchain into their world. The new Littlestar Blockchain Platform, Ara Blocks has launched, and it’s pretty awesome. This article was originally brought to us by Coin Central.
Ara Blocks is founded on the principle that today’s current content landscape is centralized and poorly managed by large corporations that don’t have the best interests of artists, creators, and consumers in mind. Ara claims its mission is to provide creators, businesses, and consumers with an alternative option through its technology and tools, and empower users to own their content and data.
Ara will also enable any device around the globe to become part of a global supercomputer, database, and delivery network through the Ara network. Users will be able to monetize their devices by allowing this supercomputer to utilize their unused processing, storage, and bandwidth capacities.
“Artists and creators are struggling to get paid for their work. Their livelihood and voice can be compromised at the whim of the platforms they publish on,” says Tony Mugavero, CEO of Littlstar and Co-Creator of Ara. “Right now, the audience is a draw, but third-party platforms have all the control. Ara puts control back into the hands of creators and their fans, enabling a more direct connection, and better way for fans to reward their favorite artists.”
Ara appears to be a hybrid of a decentralized global supercomputer solution, a decentralized content delivery network, and a content publishing and sharing platform all in one.
“Leveraging blockchain, distributed ledger technology, and cryptocurrency allows for an entirely new participatory system to exist,” continues Mugavero. “This system removes the need for ‘trusted’ third parties to track and maintain access and ownership, which have proven time and again to betray our trust. Today, our lives are so digital dependent that every industry in the world can leverage this technology in some way.”
Ara Blocks LLC is a subsidiary of Littlstar, a NYC-based company founded in 2014 that creates distribution solutions for media creators and consumers. According to Crunchbase, Littlstar has raised $10.5M from an entertainment and media star-studded group of investors that includes Sony, A&E Networks, WWE, Warner Music Group, and The Tornante Group.
You can find more information on Ara on their site.
Again, this article was shared with us by our friends at CoinCentral. Go check out some of their other work we’ve published here.
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