Digital content market continues to grow at an incredibly amazing rate over the last decade. This market is expected to reach about US$549 billion in revenue by 2019, growing at an impressive 13.73 percent. Digital content is a complex term, which could mean several things such as digital image, audio, video and texts made available for distribution and download on electronic media. These digital contents are mostly distributed by digital content agencies who acquire these resources from the original producer and then make it available for the public.
The wave of blockchain technology is sweeping across every sector bringing about many improvements in the way we do things. One of such area where blockchain technology could be of much help is digital content market. The major problem that faces this market is the issue digital content distribution. Digital content agencies which act as middlemen between producers of these digital contents and their customers take undue advantage of this situation by profiting so much from this activity at the very extent of the producers and buyers of these digital contents. They do this by charging high prices for buyers while giving producers little profits that is not commensurate with their effort.
This is basically why a new, fair distribution platform is urgently needed in the digital content industry and this is the very essence of the creation of the WEMARK platform.
WEMARK – A Novel Decentralized Market Place for Digital Contents
WEMARK is a decentralized marketplace for digital contents which aims to provide a fair and transparent environment for producers and buyers to make transactions without the need for middlemen i.e. digital content agencies. By leveraging the power of blockchain, WEMARK aims to pioneer a platform that creates trust and reward buyers and producers of digital contents appropriately. WEMARK totally eliminate the need for middlemen and brings producers of digital contents closer to their buyers.
Advantages of the WEMARK Platform over centralized digital content agencies
Elimination of Monopoly
One of the major advantages of the WEMARK platform is the elimination of monopolistic centralized digital content agencies who gets a larger percentage in the distribution of digital contents while leaving the real producers with peanuts as profit. WEMARK is a distributed digital content marketplace which means a music producer can come on the platform and sell his music to his fans without the need for using some record labels.
Higher Profit Margin, Lower Prices
By eliminating the use of middlemen, WEMARK makes sure that producers of digital content get what they deserve from the sale of their works. Producers on the WEMARK network will earn as high as 85% of their content sale price. Buyers also benefit by paying lower amounts to get digital contents of their choice since the profit margin added by the middlemen has been removed.
Transparency
The WEMARK platform is a blockchain-based marketplace which ensures transparency of transactions made on the platform. Transparency of transactions ensures that producers can take better care of their works and thereby avoid being ripped off by piracy activities.
Security
Centralized digital content marketplace provides a platform where vital information could be leaked into the hands of hackers. But with the introduction of blockchain technology, transactions carried put on the WEMARK platform is through the use of the WEMARK protocol which is a smart contract that ensures the security of these transactions.
Token Information:
Name: Wemark Token
Total Supply: 135,000,000
Ticker: WMK
Type: ERC 20
WMK Token Price: 1ETH = 2,375WMK
TGE (Token Generation Event) Start Date: July 24th, 2018
TGE End Date: August 7th, 2018
Soft Cap: 3,250ETH
Hard Cap: 16,750ETH
Token Allocation:
Company Reserve: 38%
Token Sale: 34.5%
Team and Advisors: 16%
Partnerships: 11%
Bounty Program: 1.5%
Team
Roadmap
For more information on WEMARK, please visit the following useful links:
Website: https://www.wemark.com/
WhitePaper: https://www.wemark.com/whitepaper.pdf
Twitter: https://twitter.com/_wemark
Telegram: https://t.me/wemark
ANN: https://bitcointalk.org/index.php?topic=3347524.0
Author: https://bitcointalk.org/index.php?action=profile;u=2077261
Wemark is a platform that seeks to bridge the gap between content creators and customers with little or no fee.
This is huge advantage for music producers, the elimination of the middlemen that has been hindering producers is solve and the transparency of Wemark project (Team) is what really interest me in the project.
The blockchain open up a lot of solutions to problems. With its amazing feature of decentralization and transparency, the world and its industries and being revolutionized. The digital content industry isn't left out. With the help of the WeMark platform, creators of digital content can get full reward for their work, and the buyers, pay far less than what they are currently charged. Utilizing blockchain, the middlemen and Central power(agencies) are fully eliminated. Nice piece here @foley.
Content creators and viewers are in for a great time with wemark. No middle man whatsover, fully decentralized. Thanks for sharing.