FILMGRID: TRANSFORMING THE FILM INDUSTRY USING BLOCKCHAIN TECHNOLO...

Since the invention of the Blokchain Technology and the use of Cryptocurrencies , so many projects in different sectors of the economy have been integrated into the blokchain in order to leverage on the unique features of these technology to offer efficient , effective ,transparent , safe trusted and Decentralized services to all users. FILMHRID is also leveraging on this Technology with the aim of transforming the movie industry and adding value to producers as well as consumers who patronize the movies. .

The Film industry has suffered some challenges over the years, the movie makers have suffered the effect of a Centralized authority who do not allow the film makers to truly enjoy the fruit of their labour. Most Films are usually very creative and interesting and much money is raised by premiering , streaming or even selling for home use , but at the end what actually gets to the creative film makers are peanuts.
Also , there are a lot of young stars who have good and creative ideas to make a film but due to lack of funding it becomes difficult and the idea dies a natural death. These and many others are the reason for the creation of FILMGRID platform as a peer to peer Film platform that will offer a lasting solution to the challenges facing Financing , streaming and selling of independent films online via the Blockchain technology . Website: https://filmgrid.space/

WHY FILMGRID?

It will interest you to know that FILMGRID is designed with the aim of disrupting the Film industry and making it encouraging and profitable for Film makers with the use of a Decentralized platform powered by blockchain technology .

THE NEED FOR BLOCKCHAIN TECHNOLOGY

You will agree with me that the traditional film industry with its CENTRALIZED nature does not favour the Film Makers who spend time and energy creating reasonable movies . Every aspect of the industry is controlled by a Central body . But with the use of Blockchain technology , FILMGRID will create a DECENTRALIZED environment where every process is automated by the SMART CONTRACT void of interferences by intermediaries,middle men or third party of any kind.

Also, leveraging on the disruptive characteristics of the blockchain , FILMGRID will provide a trusted , reliable and transparent platform for the FIMAKERS globally. in the initial stage of the project, FILMGRID intends to use the ETHEREUM Blockchain for the DAPP and the SMART contract. It is designed such that users will not need to pay Gas fees during transactions, but the cost of transactions will be paid by the platform . Website: https://filmgrid.space/

THE INNOVATIVE FEATURES AND ADVANTAGES OF FILMGRID

FILMGRID has designed different features that will suit their business model and make it outstanding for ‘FILMMAKERS and users around the Globe. Some of these features include but not limited to :
-A MOVIE MARKETPLACE also referred to as the BILLBBOARD :
FILMGRID is creating a billboard that will represent a market place where filmmakers can easily capitalized their movies irrespective of the type, length and style of the Movie. All the Moviemaker needs to do is to sign up on FILMGRID platform either as a creative user if it’s just one person or Team of creative users in case of a collective work . after signing up, the filmmaker is supposed to upload his or her movie on the FILMGRID platform where it will be displayed for users to view, buy, copy , download , Rent or stream depending on what the user wants. Using FILMGRID APP. all these will be done using the FILMGRID utility token” FIMPASS” as a means of payment. Website: https://filmgrid.space/

-THE PITCHBOARD ; This is a funding platform of FILMGRID. For users who are filmmakers, having an interesting creative idea but do not have the fund to produce the movie FILMGRID allow them the opportunity of using PITCHBOARD to fund such projects . In order to achieve this such users will have to upload either images or a good description of the movie, or a trailer video as well as a comprehensive budget. By so doing, these creative users will use the platform users to raise fund.

Since there may be several of such proposals, the platform users will have to vote and decide which of the listed projects deserves to get this funding. The users may choose up to two or more projects to be funded per time . This continues and its opened to all projects.

-On the other hand a different method can be used, where the platform users invest in such creative movies before they are produced. This looks like the normal initial coin offering or buying of shares to fund a project. And users who contribute in this manner are liable to a percentage of the profit made from such projects in form of dividend.
With the use of Smart contract this will be done Automatically and transparently thereby encouraging the creative Film makers who will have confident on the safety and efficient manner of fund disbursement by the Smart contract.

However, there are some other encouraging features that will further push the Filmmakers to do more. Which are: viewers of a particular movie can criticize it, thereby enabling the filmmaker to do more in improving on his creativity.
Some movies can be applauded by users depending on its level of creativity. This will help in promoting the patronage of such movies.

If the creative Team create an interesting Movie, they can as well receive an Ovation on such movies by viewers and users will have opportunity to follow their best Fans who create their favorite projects.

THE TOKEN
FILM GRID has created a utility token called FILMPASS token on ethereum blockchain . This token will serve as the main driver of the FILMGRID ecosystem, users will have to hold some FILMPASS token in order to be able to access the FILMGRID platform and to pay for any movie of their choice , either to download, buy or stream . you can get more information here : Website: https://filmgrid.space/

CONCLUSION
I will say that the idea behind FILMGRID project is a great one that will definitely disrupt the traditional Film Industry thereby adding value to both the creative filmmakers as well as viewers / consumers of such movies. The use of blockchain and Ethereum smart contract to run FILMGRID platform will not only transform the Film industry but will further encourage the use of cryptocurrencies in real life. And will attract more individuals and organizations to the adoption of the Blockchain technology.
There are still a lot more to know about this innovative project , I will encourage my readers to also read FILMGRID self explanatory whitepaper and the well designed website for more information and updates.