*Linius successfully embeds virtual video in a blockchain
*Proves that blockchain technology can be directly applied to video
*Video virtualization makes a video blockchain possible
Melbourne, Australia – February 19, 2019: Linius Technologies Limited (ASX: LNU) – the only cloud-based solution that transforms static video into hyper-personalized video experiences with its world-first Video Virtualization Engine™ (VVE) – has validated its previously announced blockchain strategy by successfully testing its blockchain technology.
On 20 December 2017, Linius announced plans to deliver the world’s first video blockchain, publishing its Linius Blockchain Strategy.
Linius has successfully validated this capability; that virtual video may be embedded in a blockchain, and smart contracts used to control the transactions associated with video files.
“Linius aims to fulfil the promise of blockchain and move beyond cryptocurrencies,” said Linius CEO, Chris Richardson. “We feel this is the natural evolution of our anti-piracy strategy and we aim to use blockchain to protect, distribute and monetize the video itself.”
For further details, go here: linius.com/linius-successfully-tests-world’s-first-virtual-video-blockchain/