Japanese e-Book Company to invest in Blockchain. With many schools and bookstores still closed in Japan, Media Do Holdings is looking to satisfy the demand for e-books with DLT.
Japan-based Media Do Holdings will be investing $2.8 million toward Blockchain for the distribution of its e-books. Media Do Holdings is planning to invest 300 million yen which is almost $2.8 million U.S dollars at the time of writing into developing a distributed ledger for the company’s e-books for the next two years starting in late 2020.
The company cited that being able to have a reliable transaction history via such a ledger for e-books makes it possible to sell used copies and to return royalties to both publishers and writers.
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