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Pirates beware! Stellenbosch-based anti-piracy startup, Custos Media Technologies, has made a deal with the Technology Innovation Agency (TIA) of South Africa to help it grow and bring their services to a wider market. Under the agreement, TIA will provide a funding injection of 5.9 million rand, or approximately $ 407,000 USD, into the startup over the next two years.
Also read: EU Intellectual Property Office: Bitcoin Hinders Anti-Piracy Efforts
Custos Combating Software Piracy
Custos first announced their plan in July 2015 to fight 
copyrighted movie piracy online by “turning downloaders against the uploaders,” through a series of bitcoin bounties. The creative strategy calls for their team to embed notices for these bounties, as watermarks, within videos and movies before they are shared by the studio. As the movie first arrives on a torrent site, the first downloader will be incentivized monetarily to “rat out” the uploader.
Deploying the service is simple. When Custos-enhanced media leaves the original studio for any number of reasons, its creators can track down all copies pirated from the original by using Custos’ free tool. On top of stopping the outbreak among the BitTorrent network, the service can even help stop the leak at its source by i…
Custos Raises $400K to Fight Piracy with Bitcoin Bounties
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