Free as well as opened upwards communication has long been an essential ingredient of a successful democracy. Unfortunately, money, ability as well as influence over fourth dimension choose stifled today’s media surround adversely impacting both content producers as well as consumers alike.
In an attempt to democratize creative content, DECENT has officially launched its blockchain-based, global media distribution platform. The bring upwards is an acronym for Decentralized Network; Encrypted & Secure; Content Distribution System; Elimination of 3rd Parties; New Way of Online Publishing; Timestamped Data Records.
Designed to convey to a greater extent than transparency as well as fairness to the media industry, DECENT allows artists to seamlessly distribute digital content for immediate payment as well as without hefty fees. Peer-to-peer inwards its orientation, consumers create upwards one's hear the merits of a certainly slice of content posted through a Yelp-like community rating system. The content, however, cannot last censored or removed.
This blockchain initiatory endeavors to disrupt the legacy globe of media distribution past times allowing artists to a greater extent than liberty as well as command over the ownership as well as distribution of their content, all without compromising on security. It represents a potential gamechanger for the massive global media as well as content distribution manufacture — ane that’s estimated to grow from $1.7 trillion inwards 2016 to over $2 trillion inwards 2019.
DECENT was founded inwards 2016 past times 2 friends, Matej Michalko as well as Matej Boda, from Slovakia. It sprouted from a shared vision that blockchain engineering scientific discipline could fuel a coordinated arrangement of digital content publishing as well as sharing throughout the world.
Funding for DECENT was fueled past times an ICO displace final summer, which raised to a greater extent than than 5,881 BTC, at that fourth dimension valued at $4.2 meg USD. There were 4,300 ICO participants inwards full as well as no other key funding partners.
Michalko recounted the journeying leading upwards to his ain personal uncovering of blockchain engineering scientific discipline as well as its potential uses for the content distribution space. “I’ve been extensively involved inwards Bitcoin since 2011, fifty-fifty mining it from my ain laptop at the beginning. I rapidly realized that the innovative engineering scientific discipline behind Bitcoin had the potential to modify the modern world.”
When Michalko started to delve farther into blockchain technology, he constitute a seemingly endless listing of operate cases the novel engineering scientific discipline could support. “I became determined to operate blockchain engineering scientific discipline to create something revolutionary that would last beneficial for people on a global scale. H5N1 brusk fourth dimension after ongoing discussions betwixt myself as well as our futurity co-founder Matej Boda rapidly led to DECENT beingness born.”
He says that DECENT Network is a reaction to the issues that the bulk of content producers confront nowadays inwards the amusement as well as media industry. “There is likewise much artificial complexity as well as likewise many barriers inwards the manufacture affecting both the access to marketplace position as well as income of the content owners.”
DECENT’S digital model allows artists to distribute whatever cast of content, including written, music, videos, ebooks as well as pictures. These distribution channels are costless of third-party influence, pregnant that artists tin also grapple their intellectual holding rights as well as ready their ain pricing.
One of the innovative adaptations that distinguishes DECENT from other blockchain platforms is the network’s reputation management system. This allows content creators who part their digital piece of job on the platform to construct a lifetime reputation, based on ratings from those who buy content on the platform. DECENT Network also allows content creators to forthwith have payment when someone downloads their content, without whatever middleman interference.
Michalko believes that DECENT tin interruption the trajectory inwards which a bulk of ability is concentrated inwards the hands of a few players controlling the industry. “Artists, filmmakers as well as writers lose command over their piece of job as well as depend on the mercy of the ‘big guys.’ We designed DECENT Network to exercise away amongst all that as well as convey to a greater extent than transparency as well as fairness to the digital content industry.”
DECENT estimates that writers, for example, lose a salubrious 30–75 per centum chunk of their earnings when publishing amongst Amazon. Similarly, musicians, through licensing agreements, lose simply about thirty per centum when selling a rails on iTunes. Blockchain engineering scientific discipline thus serves every bit a machinery that helps writers as well as musicians occur to a greater extent than money, spell connecting amongst their audiences directly.
Michalko says that artists volition last paid for their downloaded content through DECENT’s ain cryptocurrency called “DCT,” which volition last launched together amongst DECENT Network. Other payment options, he says, volition last available inwards the future. “Artists volition no longer choose to await months earlier seeing a penny from their work. And at the fourth dimension of launch, DECENT Network volition last a completely free-of-charge service for artists.”
Michalko hopes that past times 2020, DECENT Network volition choose locomote the number ane worldwide media sharing platform. “We promise to convey to a greater extent than transparency as well as fairness to the digital content manufacture for both creators as well as consumers. I promise that amongst our launch people volition realize the payoff of DECENT Network over other content distribution platforms.”
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