Review Storichain

The modern world constantly surprises us with some innovations. The world of virtual currency appeared not so long ago, but it managed to change people's lives in a positive way.

This industry is used by people for diverse purposes: from conducting transactions to protecting personal data. For their security, they use the blockchain platform. Blockchain is a unique system, it can not be hacked, since data is synchronized via the network. Its use greatly simplifies for many companies the solution of problems that until this time could not be eliminated.

Storichain can be seen as a digital history asset management system that allows people to make online transactions even with unreliable people by entering into an “agreement to prevent the theft of ideas”. Another problem in the industry is that of profit sharing. For example, the webtoon industry, which is one of the largest in Korea based on stories, has already exceeded 700 million US dollars in market size, but there are still many people who doubt in the structure of profit sharing in the industry, as well as in many materials. Creators still have difficulty getting enough compensation for their work.

In fact, no one can prevent a person from distributing text content, since all he needs to do is take a picture of his monitor and distribute it anywhere he wants. Thus, instead of simply preventing such actions, Storichain considers it more important to prove the value of the author’s efforts by systematically measuring who contributed to history, when and how they contributed, how ownership was transferred, and how much each Creator contributed to the story in the case of collaboration.

Storichain calls this kind of data “activity metrics”. Since activity metrics are used to distribute profits accumulated by history, it cannot be falsified or manipulated. In addition, performance indicators are also used as a basis for calculating the growth index, which is used to determine the value of the main asset of a story. This will be the basis for profit sharing.

Storichain working principle

Storichain begins by placing a token's value base on creating stories, which ultimately wants to reduce the cost of trust between the participants in the story industry — writers, production companies, and readers. In this way, Storichain will make the process of creating a derivative work from source material more transparent, deciding the injustice that exists in the industry and creates new values. Storichain does not store the original textual history data in the blockchain. This is due to the fact that Storichain takes into account the contribution made at the creation stage and the transaction, as well as the transfer of ownership of the history more than the text / graphic data of the story itself.

Storichain Key Features

Optimized - Optimized for Authors - this is a collaboration / collaborative recording / contract between authors, a weekly reward and API for third-party content providers.
Ease of use - anytime, anywhere you can tell a story. Simple and fast writing platform.
Appropriate partner - Writer Matching / Cooperation agreements / Job statistics / Update notifications / Create a detailed comment.
Participation - in the platform for readers to participate in the work, become a writer yourself, create stories and participate in them.
Transparency is a platform that encourages participants to honestly and transparently based on their contributions.
Global platform is a platform that can be translated, sold or even copyrighted for ch ballroom expansion.

The team working on the product