Blockchain
BlockFilm, the Canadian-based financing platform, accelerates independent media production financing through strategic partnership with TokenFunder
Launching today, BlockFilm Inc., a new producer-driven, Canadian-based platform incorporated in 2019, has obtained a world-first, trailblazing exemption order from the Ontario Securities Commission (OSC) to launch ‘tokenized’ production financing opportunities for the content creation industry by leveraging TokenFunder, Canada’s first regulated digital securities issuance and trading platform. The decision follows a rigorous process conducted by the OSC’s LaunchPad team and will help investors in content production avoid multiple-year waits before monetizing their investment.
The decision allows BlockFilm to bring content producers together with accredited investors to finance independent media productions. The platform supports the creation of compliant digital financial instruments (security tokens) to fund and support project budgets. The security tokens (covering equity, debt and/or revenue share methods of financing) represent the underlying fractionalized ownership or debt instruments that provide content producers with unprecedented and efficient access to new sources of private capital.
An innovative new asset class for investors
BlockFilm has partnered exclusively in Canada with TokenGX, an Exempt Market Dealer operating its groundbreaking TokenFunder investing and security token issuance platform, to onboard and serve investors wishing to invest in BlockFilm content producers’ security tokens.
Investments in BlockFilm projects are transferable among accredited investors. The TokenFunder partnership will allow this new level of liquidity in the content creation industry. Up until now, traditional film industry investors had to wait out the full lifecycle of a project’s distribution path (seven to ten years, or even longer) to monetize their investment.
“We’re excited about this partnership with TokenFunder. Backed by blockchain integrity, security and transparency, we are responding to challenges our industry has faced for decades,” says Pauline Couture, Co-CEO of BlockFilm. “The BlockFilm solution is unmatched today and shows true global leadership from the OSC. BlockFilm will be transformational for both content producers and investors.”
At the time of launch, BlockFilm’s first 11 projects from Canada, Europe and the UK, aim to raise $19.1 million CAD in the next 4 to 6 months. With 50 projects in the pipeline and enormous ongoing interest, BlockFilm is looking for investments for more than 100 projects by the end of 2022, for a projected total raise of $175 million CAD over that time.
SOURCE BlockFilm Inc.
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Blockchain
UNICC and ShelterZoom Developed a Secure Document Tracking and E-Signature Solution for the UN System
The United Nations International Computing Center (UNICC) and ShelterZoom are pleased to announce a new innovative blockchain-based solution for controlling and protecting the digital data of UN entities and other international organizations. As the largest strategic partner for digital solutions and cybersecurity within the UN system, UNICC has partnered with ShelterZoom, a leading data and content protection and ownership SaaS company behind innovations such as Document Token® technology and Document GPS®.
Building upon the 50 years of experienced innovation from the UNICC, the two organizations collaborated on a transformational undertaking offering robust protection and promising increased productivity for document tracking and management. ShelterZoom will contribute its proprietary document tokenization technology, along with its data protection, document tracking and e-signature solutions to deliver a white-labeled platform, giving member organizations a greater level of governance over their content. Using ShelterZoom’s flagship proprietary Single Source Of Truth® technology, the solution provides a means for each file to be protected individually without changing user normal habits instead of having to rely solely on protecting files at the database level. This ‘singularity and control’ is a new era in cybersecurity and document management, which has never been seen before at this level of seamless integration with existing tools.
“The synergy between what we deliver and the goals of the United Nations are a perfect match for Single Source Of Truth,” said Chao Cheng-Shorland, CEO and Cofounder of ShelterZoom. “We have said from the beginning that it is time to think about cybersecurity in a completely new way and in doing so we have created a solution to address other operational pain points while simultaneously solving one of the biggest challenges facing the global population today. The UN is at the frontlines of changing the world for the better and its forward-thinking approach to using technology to address fundamental issues is critical in improving livelihoods for all.”
ShelterZoom solutions have already been in use across dozens of industries and with this new commercial partnership, they can now extend their usefulness to the UN family and other international organizations. The revolutionary method for complete document tracking with built-in productivity tools, such as digital signatures and a market-first method for organizing files inside email, is an all-in-one solution built for a global workforce. The Single Source of Truth model has the added benefit of decreasing the carbon footprint created by excessive digital waste, further supporting the sustainability goals of the United Nations.
“The need for robust cybersecurity and data protection has never been greater,” said Sameer Chauhan, Director of UNICC. “By working together with ShelterZoom, we have developed a cutting-edge tool tailored to the needs of the UN family. Our unwavering commitment to providing best-in-class solutions ensures we continue to support the digital transformation and modernization of the UN system and other international organizations.”
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