The process of MILC Distribution and How It Works
MILC is just like Bit coin but for the media industry, not a trading sector. With MILC, video content providers are able to sell their productions to interested parties. Using block chain technology, MILC aims at providing a versatile platform which will satisfy the needs of people around the world. One thing it aims at reducing is the sales commission mostly found in the real world.
The platform is not really dependent on people to jump start everything. The platform involves a media giant in Germany known as Welt der Wunder TV which plays a significant role in making sure people who join MILC don’t find it stagnated. The famous TV has some of its high quality content spread all over the platform. What are the process consumers and traders use?
An Upload from the Content Owner
Every consumer needs a good producer. If you want to sell your content, you are a content owner, and probably you already have your production stored up in your hard drive or flash disk. You just need to upload it from the private library and put it up for purchase in the market. It is actually a simple method which doesn’t require resources and also a good way of advertising your production.
Placed On MILC Media Platform
After uploading it from your personal space, the content is displayed on the platform for buyers to view it and choose it depending on their preference. The platform boasts of being able to manage your production asset as it is called.
Licensing Your Production
Through the now introduced technology, block chain technology, your content is permitted to your name. This is an excellent step to ensuring safe media trades. During the licensing stage, you will sign a contract with the platform and also choose the type of license you want to apply for your media. After that, just wait for a buyer to accept your gig.
Buyer Has Come
The buyer could be the one who needs to publish the content for a broader scope of people. Probably your content is crucial for people in a certain field. This is where the content buyer will choose to buy your produced content.
The Payment Process
This is another stage which includes new technology. Through the smart contract, the content buyer can pay you for your work. You also receive your funds through smart contract. The smart contract for MILC is a very big milestone because the MILC tokens have been decimalised up to 18 times to ensure you can receive payment despite how small it may be.
The Download Stage
After the buyer has bought your content, you give him/her a license key which they will use to access the content. This is after downloading the whole file from MILC platform. Just like the upload, the download is an easy process.
Let’s Now Broadcast and Publish the Content
The buyer bought the content for a reason, and after being given the license key, he/she will broadcast it for people to view and learn. If your content involved peace treaties, people would get to learn more about them. You benefit, people benefit and the content buyer benefits.
MILC is going to be a stepping stone for the media industry. You won’t just get to sell your content but also interact with people of the same caliber.
MILC Website:- https://www.milc.global/
Whitepaper:- https://welt-der-wunder.s3.eu-central-1.amazonaws.com/ico/pdfs/ICO_WhitePaper_WdW_EN.pdf?cache=7
Bitcointalk ANN-thread:- https://bitcointalk.org/index.php?topic=2432428.0
Bitcointalk username:- jaythelingly