There is definitely room for disruption in the social media space. The amount of credit big organizations like Facebook and Youtube take from creators is unfathomable!
The value of the platform is created by the creator but the creator is dictated by the platform.
Basically, creators are paying the platform value in exchange for exposure. It works in some cases but for most. Its thief of good hard work.
The idea of centralized organizations tracking information and taking credit for everyone's hard work is beginning to look a little bit ridiculous.
Blockchain technology is re-engineering peoples mindsets, it opens up new ideas to how the value should be distributed. Why should they take all the credit? If the blockchain network can decentralize the platform then everyone can get their fair share, right?
I think one day we will look back and laugh at how backwards conventional social media was.
That brings me onto Youtube. I'm not going to lie, it's an amazing platform and brings millions of people together. It's made the world a better place and will always be recognized as an amazing platform.
The problem Youtube has is that it doesn't reward its creators. Creators get small revenue from Youtube overlaying annoying ads. This 100% benefits Youtube even more and ruins the user's experience. Recently Youtube let down its creators again with less revenue. These are not good signs for the gigantic organization and might be the start of a landslide for the platform.
The blockchain now offers new alternatives. Youtube now has big competition.
The way blockchain technology disrupts other industries is by cutting out the middle man. This is precisely what might happen with social media. With an open source blockchain network and power with the creator, conventional social media might begin to look a little prehistoric.
Platforms like Steemit do exactly that, they reward the creator with Cryptocurrency and don't ruin the platform with annoying ads. Technology is taking us places we never thought possible.
It's most likely just going to be a no brainer to upload to these sites in the future, you get your worth! Youtube just takes it and grows their organization. Platforms like Youtube will just be unnecessary. Say goodbye to the middle man!
Things are better when owned by the people. Blockchain technology really is the biggest game changer I had ever seen!
Please comment! What do you think the future holds for Youtube, Facebook etc... Where is this technology taking us?
I want to hear your opinions.
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Peace from Greenerz!