In an earlier reported story on ZP you saw that Altnet has gained control of the Truenames technology. Altnet is in the news today with the statement that aims to reassure the music industry. Despite nearly 4 milion people sharing over 5 million GB of copyrighted material on their network they are going to stop piracy and be good boys. How? The Truenames hashing software.
Entire story
Here are some snippets:
Truenames – known in the peer-to-peer community as hashing – assigns a unique number to each file by multiplying its size by a patented algorithm.
The move could help reassure the music industry Altnet is serious about stamping out piracy in file sharing. Altnet offers copyright-protected, authorised music and videos for a fee, competing with its host network and other file sharing systems, many of which offer pirated content uploaded by users.
Altnet also operates as a distributed computing network, allowing users to rent unused storage and computing power to corporate clients.
Altnet owner, Brilliant Digital Entertainment, chief executive Kevin Bermeister admitted a successful attempt by the US recording and movie industries to include KaZaA in legal action for copyright violations had influenced his plans.
Distributed computing is Brilliant Digital’s great hope, as it moves its business model away from the highly competitive animation and online advertising market. The company – which emerged from Sydney in 1997 and ended up in Los Angeles – has scaled back its animation business as it eyes distributed computing opportunities. It spent the past year trimming costs through redundancies in both the US and Australia.
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