The former chief technology officer at 20th Century Fox Film Corporation, Hanno Basse, has joined Live Planet as the president of its Decentralized Media Solutions division, according to a press release on June 11.

According to the report, Basse is expected to work on the division’s blockchain-based video infrastructure platform, the VideoCoin Network, as well as its virtual reality (VR) streaming and publishing services.

Basse has contributed to a number of tech innovations that are now standard in modern media, such as HD, 3D, 4K-UHD Blu-ray Disc format, High Dynamic Range (HDR) technology for consumers and on-demand services, per the report.

Recently, a government-backed bank in Brazil was reported to be financing a documentary film using its own ether (ETH)-based stablecoin, BNDES token. The production of the documentary reportedly involves local cinema producer Elo Company, whose movie “The Boy and the World” by Alê Abreu was nominated for an Oscar in 2016.

In April, the most-subscribed YouTuber, PewDiePie, confirmed his plans to start streaming on blockchain video platform DLive. Based on decentralized blockchain protocol Lino, DLive intends to grant rewards to content makers and viewers for their participation in content creation and consumption in the form of Lino tokens, which is the native crypto of the Lino blockchain.