Mogul Taps into Partnership with Chainlink to Empower Transparent Film Financing
Feb 11 2021 · 16:01 UTC | Updated
Feb 11 2021 · 16:53 by Julia Sakovich · 3 min read
Photo: Mogul
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Mogul has also made the process of revenue accounting and profits distribution regularly to the appropriate parties more easy and effective with the appointment of a Collection Account Manager (CAM).
Film financier and production company Mogul will ride on its partnership with a multi-billion dollar blockchain oracle network, Chainlink, to facilitate transparent dividend distribution amongst film financiers. Managing film finance in the past had been difficult and complicated for the company, such that systems used to compromise profit distribution.
Mogul Productions Inc: Mogul Leverages Chainlink to Empower Transparent, Decentralized Film Financing on the Blockchain
BEVERLY HILLS, CA / ACCESSWIRE / February 11, 2021 / Mogul will integrate Chainlink, the market-leading blockchain oracle network, to bring more transparency and accessibility to film production and financing. Mogul to use the Chainlink Network to bring off-chain movie budget and profitability data onto the blockchain, enabling the disbursement of audited, fair-market profit sharing with investors in a more efficient, transparent, and accurate way than ever before. Mogul will also make use of a Chainlink ETH/USDC decentralized Price Feed to ensure users receive fair market exchange rates on all ETH profits derived from USD-denominated budgets.
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