Bitcoin Box Office

(Above: George Blagden in ‘No Postage Necessary.’ Source: YouTube screenshot)

Earlier this week we wrote about Decentralized Deception, a documentary in which a young entrepreneur warns his fellow millennials about a Bitcoin bubble.

But just because there’s a speculative frenzy over cryptocurrencies doesn’t mean the technology that enables them – blockchain – won’t be part of our transactional future.

Take, for example, the online box office.

Two Roads Picture Co. plans to release its first feature film No Postage Necessary on a blockchain platform. It’s touting the movie, in which Bitcoin plays a pivotal plot role, as “the first-ever feature film to be screened” this way.

“Although this is a first for the industry, we hope it will signal a shift in the way content is shared and consumed,” said Jeremy Culver, the film’s writer, director and a producer. “There are many advantages to blockchain distribution, including immutable proof of intellectual property rights, transparent royalty payments, and, since all data on the blockchain is resistant to duplication, we can now envision a world where films are no longer pirated.”

For its blockchain distribution, Two Roads is working with Vevue, described as “a peer-to-peer incentivized video network” built on Qtum’s blockchain technology. In addition, digital wallet Qbao will help process the cryptocurrency transactions, and CoMakery, “a smart contract provider,” will allow royalty disbursements directly to investors and creatives.

No Postage Necessary is a dramatic comedy shot on 35 mm film. It involves a convicted computer hacker Sam (George Blagden) who, upon release  from jail, is barred from the internet and “forced to crash on his brother’s couch.” He makes a living at “the local Twistee Treat and stealing mail while disguised as a postal worker.” When he happens upon a letter from a “heartsick” war widow, Josei (Charleene Closshey), he searches for, and finds the woman, kindling a relationship. That romance is interrupted when “Sam’s past comes knocking in the form of an FBI agent looking for missing bitcoins.”

Closshey is also a producer on the film and composed the score.

Don’t use cryptocurrencies? No Postage Necessary will also be available via normal on-demand platforms and in select US theaters.

About Larry Greenberg

A former local beat reporter and film critic, co-founder Lawrence Greenberg has more than 25 years’ experience as a writer and public relations executive.

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