Digital pirate, Kim Dotcom, launches a crypto-platform for monetizing content

Kim Dotcom is known to many internet users as the creator of the file sharing Megaupload. In 2012, the businessman was arrested by New Zealand police at the request of U.S. authorities. Dotcom was accused of extortion, money laundering, and distribution of pirated content. After some time the police released Dotcom on bail. The entrepreneur created a new cloud storage service called Mega in 2013.

Now Dotcom has developed the cryptographic platform K.im, which according to the creator, will initiate the "copyright revolution." The platform will combine the tasks of content management and a payment service. The new platform will be beneficial for both independent content creators and copyright holders, as well as for users who have to download pirated copies due to geo-blocks and other restrictions.

The technological basis for the new blockchain system is the payment channels of the Lightning Network, which will make instant payments with minimal fees. His own KimCoin token will most likely be created based on the Ethereum platform.

The service will work according to the following scheme. Rightholders place content on the platform and set the price. The data is packaged in a special container KED (K.im Encrypted Data), which will have a link that you can share anywhere. End users pay for and receive a KED-link.

So far, there is only a message about the imminent launch of the project on their website and a link to a google form application for an interview with Dotcom.

The new platform could be a response to the political and legal claims of authorities against Dotcom.

The launch of the platform was scheduled for August of 2017 but was delayed due to ongoing litigation with law enforcement agencies. In addition, Dotcom does not want to rush because he wants to create an "ideal currency".