A project named Drama Chain recently kicked off in Beijing to provide Chinese actors, actresses, singers, sports stars and screenwriters who want to be a director with virtual currency Ether, to support their dreams.

The project is based on blockchain technology, designed to be resistant to modification of data.

Tian Jingbo, co-founder of the project believes that, as all information on the blockchain is readable by the public, it will solve problems in the entertainment industry — such as fake data, piracy and monopoly of distribution channels.

Singer Zhou Yanhong released her new song at the press conference adding that she will direct her first movie this year, with part of the revenue being donated to children with autism. It was also announced that director Wang Zeyu is planning his new film Wu Mei Man, a comedy about an insignificant man pursuing his dream. Both movies will be a part of the Drama Chain project.