What changes can you expect when blockchain is fused into film production? You can find answers to the question at the Asian Film Market festival, which will open from Saturday to next Wednesday at the Busan Exposition & Convention Center. The event is underway on the sideline of the Busan International Film Festival in the port city.

Two executives from Korea’s second-largest mobile company KT will participate in the special session.

Blockchain will undoubtedly change the film production ecosystem worldwide. Especially, film producers could raise funds worldwide through the initial coin offering (ICO). Global funding will undoubtedly change the way and the direction of the film production. Distribution of movies will change in the blockchain-based world. Many analysts said the blockchain would become a game changer for filmmakers and other content creators.

Blockchain will surely weed out inefficiencies in the entertainment sector. Like Singular DTV in New York, blockchain-based decentralized apps would help filmmakers raise money for production and develop and distribute their content. The apps can track all transactions involved and offer a transparent ledger to all parties involved.

Like Big Couch in London and New York, Asian filmmakers can use the blockchain to trace transactions, automatically split payments and analyze recoupment data.

Through the blockchain-powered platform, filmmakers can monitor who is watching content in real-time. This feedback would help content creators produce market-driven content.