The teams behind HighTV and BizProfits are developing NKOR, a decentralized platform that utilizes the blockchain technology to create an autonomous, next generation marketplace for intellectual property (IP) and copyright distribution, enabling content creators to manage their creative work as a secure digital asset. Blockchain-based technology will be utilized to revolutionize and democratize the current status-quo, in which the entire system of distribution of content, royalties and copyrights of contents are generally controlled by large companies and industry intermediaries. This will be achieved by embedding a novel technology being developed by NKOR in a blockchain-based ecosystem.
NKOR’s technology authenticates data, which is then linked to a transaction on a blockchain via smart contracts, timestamps it to provide an immutable and publicly readable record of copyright, and prevents the uploading and sharing of the same data by non licensed entities. We refer to this process of data authentication, its timestamping and cementing into a blockchain via smart contracts as Anchoring, hence – the NKOR ecosystem.
The NKOR ecosystem will be based on a cryptographic token called NKR. A tradable token with a fixed supply and the purpose of granting its holders with access to the functions of the NKOR platform and providing them interoperability with other digital services. The NKR token is fully integrated in the NKOR ecosystem and the participation in all of the platform’s components will be done exclusively by using NKR tokens. Therefore, as the number of participants in the
platform grows, the demand and value of the NKR token will rise accordingly.
NKOR will kick-off by releasing a platform that aims to revolutionize the content distribution and IP management industries. By combining blockchain-based technology with our advanced Anchoring technology standing in the core of the ecosystem, NKOR will be a facilitator in the next evolutionary step of decentralizing these marketplaces and making them more transparent, fair, secure and accessible to the masses. The NKOR platform will allow participants to register their data, certify its authorship, track its usage, prevent copyright infringements and unauthorized uploading of the same content, license usage rights via smart contracts, execute payments and provide donations to content creators.
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