NewsToken – the Media Token
( 6 days ago )
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Member since January 2018
Blockchain brings trust back to media in the age of fakenews
By looking around at recent major media market and related startup events we have come to a conclusion:
Media is heading towards decentralization today.
Blockchain will transform our everyday transactions, because it’s capable to establish trust and able to provide a simple way to change ownership of almost any goods — even media contents.
Reporter Community amongst peers utilizing blockchain
We recognized that most of the new ventures in the media space are (or willing to be) using blockchain technology to guarantee content integrity, service quality and process transactions automatically.
We stronglybelieve that today’s media is at the brink of decentralization, and the near future may result in tokenization of existing media businesses.
We have developed and launched an MVP app and web platform for User Generated Contents (UGC) a year ago. Today we already have 30k+ installs from 136 countries, and 100+ media clients of the platform.
As a cross industry solution we have started an ICO, based on our new blockchain based development. We are using Blockchain to verify and validate the content – against content manipulation. 4 BIG Fishes are on
the board as beta testers. We also have a detailed development plan for additional features (AI implementation and micro api s for sellable livestreaming contents).
The initial funding raised through token sale will go towards development of our blockchain content verification, smart contract settlement and growing the UGC community and in return a 15% perpetual royalty right on all content sold through the marketplace will be awarded to token owners.
By offering full transparency as well as eliminating the middleman and the third parties, smart contracts could ultimately have a profound impact on companies of the media industry.
Through smart contracts media can companies exchange content, data, texts or anything of value in a transparent, frictionless way while avoiding the third party services. They can perform calculations, store information (like metadata of a media content) and send transactions to other accounts if the certain conditions are met (execute set of instructions that
two parties have agreed to in advance).
Reporter’s NewsToken ICO is out to kill ’fake news’ in the UGC field.
We’re accepting contributions in ETH, in XEM (NEM’s native cryptocoins – we have a strategic partnership with NEM Community for tokensales and development phases too) and also XRP (Ripple’s cryptocoins).
Find more: http://www.reportercommunity.tech