MovieCoin White Paper- https://movie.io/static/docs/MovieCoin_Whitepaper_ver1.pdf
With the release of the highly anticipated whitepaper, Moviecoin provides of with a true use case for this coin. Transparency and "Hollywood Accounting" are the biggest financial problems in Hollywood. By granting an opportunity to more investors, there are more possibilities of smaller films being made. Yes we want to invest and be a part of big studio films, it is still not certain how difficult or expensive it will be to invest in a big Hollywood blockbuster. What this coin does give us is the efficient and transparent investment in Hollywood.
Christopher Woodrow, producer of Hacksaw Ridge, American Made, Birdman, Black Mass, and Legend, is the CEO of Moviecoin. This shows immediately that the need for this coin is apparent. Someone who was fully invested in how Hollywood was run, broke away and started a new disruptive technology. In the whitepaper he explains how many middle men are involve in financing a film. Then he goes on to explain how difficult it is to get the confirmation of the middle men, so you have no idea how long it will take to get your invested money. The clear need for the transparent use of Blockchain is necessary in this industry. MovieCoin will be run on BankEx's Proof-of-asset protocol. When the coin mathematically proved a film being an asset, it grants a chance to normal investor to be involved in a movie.
MovieCoin platform will transform the antiquated, inefficient financing, and accounting process of the entertainment industry into a more transparent, frictionless, automated system. The lack of liquidity creates no secondary market for the financier, only through a distress sale to a private buyer. More opportunities from investors around the whole solves the liquidity problem.
This coin is so necessary because it is literally impossible to invest in movies other than buying stock of its parent company, which most of the time movies do not have a big influence to the bottom line of the company. This technology gives us immediate access and transparency in a market that desperately needs it.
