Today we will discuss about project ContentsDeal which is entertainment deal system which uses Blockchain technology brining an innovation to content industry.
The basic goal of content industry is to provide mass media i.e content in the form of music, movies, texts publications , any kind of geographical data and so on.
Currently there are many problems in this industrial age content industry like targeted marketing, segment identification and mostly with security, encryption and reward systems.
Due to not having effective rewards systems, we have missing good content most of the time. Also not having enough security measures, there are chances of copyrights violations.
And here comes ContentsDeal which is providing solution for security and encryption with fine rewards systems using its own token called DEAL.
DEAL is ERC-20 based on Etherium blockchain token.Based on proof of copyright concept.
Use of blockchain technology incorporates Security, transparency and faster processing of transactions.
DEAL TOKEN
A new model of DEAL token you can see here which combines everything including content, users, creators, investors and artists. Its just like one stop shop for all.
Advantages of DEAL token:-
- Promotion of rights of content creators
- Providing fair compensation to creators
- Enhancing transparency
Along with achieving transparency and fair compensation to users, ContentsDeal also motivates exchange of contents.
Participants holding DEAL will also have advance purchase rights, thus opening the doors to advance purchase content. So more DEAL you HODL more you will be benefited.
ContentsDeal ensures that your data i.e. content is safe, as its fragments and stores them. This is possible because use of blockchain technology.
COMPENSATION SYSTEM
All the DEAL transactions which are secure, transparent, encrypted are possible via ContentsDeal web or application.Its the single platform for creators users and storage of contents.
All the functions i.e. creators, ContentsDeal and data security contributor, can adjust the rate depending on their quality which they are providing.
I am sure, you have heard the concept of proof of work in blockchain technology. Since ContentsDeal is using blocjchain technology, it applying same concept here but which is relevant to the industry. This is called as Proof of CopyRight.
Copyright dAppis used here to manage every content rights in ContentDeal platform. These rights and all information regarding the contents i.e. music, webtoons and other information are fragmented and stored on DEAL core.
This fragmentation and then storing provides enhance security to your copyrights and valuable contents.
All the compensations are based on this proof of rights consensus algorithm. So due to this we can ensure trustworthiness of the system.
The users who participate in peer to peer content exchange and new content exchange once in a month minimum, will become active members.
How the DEAL value gets increased?
Its achieve using DEAL’s compensation system which enforce or encourages platform users to participate in exchanges by rewarding them fair and reasonable compensation.
Thus using blockchain technology DEAL will create healthy ecosystem for content industry where credible users will be there who will be working as versifiers who are active participants.
Conclusion:- I see a revolution in Content industry by ContentsDeal. This is very innovative concept and use of blockchain technology provides security and transparency to contents.
For more information please go through the ContentsDeal website an whitepaper.
ContentsDeal Website:- http://contentsdeal.net
Whitepaper:- https://s3.ap-northeast-2.amazonaws.com/contentsdeal.net/deal_whitepaper_en.pdf
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