Benzinga | Apr 8, 2021 08:34AM EDT

LIZHI Announces Partnership With AntChain For Blockchain Copyright Protection

LIZHI INC. ("LIZHI" or the "Company") (NASDAQ:LIZI), a leading online UGC audio community and interactive audio entertainment platform in China, announced today that it has entered into a partnership agreement with AntChain to facilitate copyright protection of podcasts with blockchain technology. AntChain is a blockchain-based technology brand under Ant Group with a focus on a trusted digital economy. Leveraging AntChain's proprietary technologies, LIZHI seeks to support and promote copyright protection of original podcast content on its LIZHI Podcast (LIZHI BOKE in Chinese) platform.



Pursuant to this partnership agreement, LIZHI Podcast will connect to the AntChain-powered digital copyright services platform ("AntChain platform") and obtain AntChain's blockchain solutions to provide greater copyright-protection options for its content creators. LIZHI is the first company in the Chinese online audio sector to cooperate with AntChain for copyright protection, and also among the first batch of platforms in China to protect the intellectual property rights of podcast content with blockchain technology.

Mr. Jinnan (Marco) Lai, Founder and Chief Executive Officer of LIZHI, commented, "We are very pleased to be collaborating with AntChain. By joining the AntChain-powered digital copyright services platform, we are aiming to leverage the immutable and decentralized characteristics of blockchain technology to strengthen the copyright protection of LIZHI Podcast's original content. Additionally, in an effort to reduce the risks of copyright infringement for content creators, LIZHI plans to help those creators who publish original podcasts on LIZHI Podcast to register and certify their works on the AntChain platform at no cost. LIZHI has been dedicated to promoting the healthy development of the podcast industry. We believe that a well-established copyright protection system will form a critical basis for content creators to create and deliver captivating content offerings in the long term. We expect our cooperation with AntChain could provide a better content ecosystem to our content creators while further enhancing the competitiveness of LIZHI Podcast in the industry."