I first heard about Publica from watching Alt Coin Buzz on youtube. It was late december and the future of Alt coins looked all green. LIttle did I know the sea of red that was to follow very soon after the weeks following, but that is for anther blog.
Imagine a platform for writers and authors where they get to finally cut out the publishers. The horrible publishers who make the writers sign a contract that is more than likely not financially beneficial to the writer most of the time. This is a real problem in the book industry, all the power is in the publishers hands and not the writers.
WIth Publica, that freedom is finally here for every writer in the world forever. Thanks to the blockchain technology revamping every economic industry one by one, looks like the publishing industry came up next to be revamped, for the better finally. Publica offers a platform for the writers to start from scratch from the bottom up all the way to the final crowdfunding. The writers can execute any terms they wish to include in their own smart contracts before selling the book on the Publica platform. This single act of smart contract completely flips the script on the big publishers who are used to executing their own contracts in which the writers are forced to succumb if they want to gain any real headway.
The Publica platform issues PEBBLES as tokens to be used to buy any book on Publica. When purchasing with a PEBBLE, in return you get a READ TOKEN, a token to start reading the book you just purchased using PEPPLE TOKENS.
The writer/author at the start of the book sale decides where, when, and how the book is sold and for what price. The writer also has the power to distribute all or nothing of the pebble tokens, basically have all the power that the publishers have.
Let me know what you writers and authors think about Publica!
