DCM-Doll provided this money with the intention to bring BitTorrent to Hollywood. The company could help Hollywood studios distribute movies, or enable independent filmmakers to share their work on a fast and easy manner.

33 percent of P2P traffic is attributed to BitTorrent, but the technology is currently used almost exclusively for the illegal distribution of copyrighted material by end users. BitTorrent is only a very efficient transfer protocol for large files. Unfortunately it is not used for what it was intended to be used. Only the Linux community and few others use it legally.

“eDonkey and other P2P networks can have the entire piracy market because we’re not interested in it at all,” BitTorrent COO Ashwin Navin said, explaining that, “BitTorrent was designed for people with popular content. It is inherently a bad tool for piracy, but it is an extremely elegant tool to make great content available on the Web.”

But it remains to be seen if BitTorrent will lose it’s image of being a pirate. Many industry watchers remain optimistic about BitTorrent’s future.