The Blockchain Entertainment Studio, Smart Contract Rights Management Platform and Video On-Demand Portal recently expanded into the Cryptovalley, Zug.
SingularDTV, a decentralized media company, might symbolize the future of Switzerland's Cryptovalley more than any other project. The company is setting out to build a Netflix-like streaming video service using the ethereum blockchain.
Citing Crypto Valley’s "very large accumulation of talent" and it’s crypto-friendly government policies, SingularDTV's CFO Arie Levy-Cohen and his team initiated to set up shop in Switzerland in early 2016. Singular DTV went so far as to launch an alternative business model that allows it to issue units of blockchain-based code to users in an attempt to incentivize early adopters.
CODE is SingularDTV’s structure to decentralize itself - all its Intellectual Property (IP) in the form of film, television and software projects, represented on the blockchain as SNGLS tokens. CODE stands for Centrally Organized Distributed Entity.
The CO — Centrally Organized component - can be represented by a number of different company structures in various jurisdictions around the world. Because MME - the Swiss legal architects of the Ethereum Foundation - were integral in the formation of the CODE structure, SingularDTV’s CO resides in Zug, Switzerland. The DE - Distributed Entity - is the component existing on Ethereum’s blockchain. Together, the CO and the DE build a bridge between the centralized legacy paradigm and the decentralized Ethereum paradigm.
"By building a rights/revenue/royalty management platform and decentralizing our assets by creating a tokenized ecosystem, SingularDTV begins the journey to build a transparent, decentralized entertainment industry", says Zach LeBeau, CEO of SingularDTV. "Switzerland's crypto-friendly government policies and the specialized experts on site make the Cryptovalley the perfect place to be for us right now." The Greater Zurich Area Ltd (GZA) actively supported SingularDTV during the set-up process.