YouTube content creators are constantly worried about getting demonetized.
Entertainment distribution relies heavily on digital content, and digital content is so centralized that nearly the entire market is in the control of about a 100 companies. The content creators who participate in this market are largely at the mercy of the decision of such a small number of hands. Moreover, this puts curbs on the creativity and innovation that can go into content development.
Blockchain technology offers critical benefits for businesses that make the proactive decision to adopt it. Through ICOs, start-ups in a variety of industries have gained the capital support needed to decentralize major industries. A new project is developing its own blockchain to decentralize the entertainment industry, something we interact with on a regular basis.
Reviving Creativity in Digital Content
The SLATE chain decentralizes the entertainment industry.
Most content platforms function on centralized entities and, security risks aside, this ensures that it is easy to tamper with the original content that funnels through them. Content creators lack the control or the rights to sustain the quality and authenticity of their work as they must abide by the platform’s demands else they’d have no option but to stop creating.
Instead, SLATE chain ensures that the flow of content doesn’t get controlled by a single set of computing power. Instead, the blockchain encourages a globalized network of super nodes that get rewarded for the value they create for the network. The result is that content creators can do as they please. In fact, creators won’t have to worry about facing any form of demonetization due to the internal currency SLX (Slate Token). SLX tokens create a trustless payment ecosystem which can function without the need of any external entity to ensure creators are always properly rewarded.
Encouraging New Talent
SLATE chain has the power to attract new talent to the market by removing the barriers they face.
Talent can exist in any part of the world but most of the centralized entities that control digital content are skewed in a small number of countries. However, SLATE allows an internalized value transfer and content distribution system to be created. Thus, talent from anywhere can join the market without fear of improper remuneration.
Additionally, SLATE chain ensures transparency of the interactions that happen on the applications it powers. Both of SLATE chain’s existing applications, binge and Slatix, will benefit from this.
Young, new talent has historically been exploited in the entertainment industry. Despite their efforts to provide high-value content, they remain unrewarded. SLATE offers transparency of on-chain transactions; thus, both binge and Slatix will involve a transparent payment mechanism. This empowers young talent to know what they are worth as the value of their content will be easy to perceive.
Moreover, the SLATE chain-powered application that will be source of this new age of content discovery and distribution, binge, also empowers content creators to independently grow their audience by providing them powerful analytical tools. The benefit of this is that content creators would have to rely much less on external services to guide them through audience growth.
Creators themselves will have access to the data and tools needed to drive an audience growth. Those with the merit and desire to work hard will leverage these tools; this will demand additional work but the fruit of this work will be the enviable self-sustained audience growth they receive.Slate Chain puts digital content in the creators’ control.
SLATE Essential Links
🌐 Website: https://slate.io/
💡 Whitepaper: https://slate.io/SLATE_WHITEPAPER.pdf
👨 ANN Thread: https://bitcointalk.org/index.php?topic=2798374.0
💻 Telegram: https://t.me/Slate
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