Online streaming media market has been long dominated by such giants as Netflix and Hulu with over 110 million subscribers worldwide. Vast audience that once was a loyal customer of the movie theatres are now shifting its attention to platforms with on-demand videos. Hence there is no surprise, that such services may soon surpass traditional commerce and gain monopoly.
In partnership with Slatix Solutions and Binge Media Corporation Slate Entertainment Group (SEG) has developed a new multi-layer product for entertainment industry. One of the most important goals of the project is to improve the mass consumer experience associated with film watching. For this purpose, SEG aims at creating of SlateChain, a specific blockchain platform for video delivery and storage.
Platform Structure
SEG platform includes two system modules. Binge will provide an access to high-quality media and improve the industry in the following aspects:
-reduction of piracy;
-lowering the fees charged for subscription;
-use of real-time payment and
-removing any geographical restrictions.
In order to achieve the optimum result Binge intends to provide to its users a comprehensive library of content including exclusive films and documentaries. Binge implements advanced ledger technology so that data on content viewing will be collected with full transparency and creators will get a greater part of transactional fees. In addition, the analytics generated by the system will be available to content creators.
https://slate.io/
Binge strives to motivate consumers to watch a lot of videos. For this purpose, storage cost for media will be significantly reduced compared to some centralized services. Another strong aspect that speaks for Binge is content protection with the use of blockchain. The main idea behind this implementation is that all transactions including sale and assignment can be tracked. In other words it should be a practical solution on how to protect against piracy.
Slatix is a second decentralized module integrated onto blockchain platform. SEG applies Slatix ticketing solution to accept payments as well as secure transactions and prevent fraudulent operations. With the use of Slatix applications customers can purchase tickets to events and display them as event admissions. In turn, businesses will be able to sell tickets on Slatix and promote for any event using its analytics. Furthermore, this strategy should help enterprises ensure a fair purchasing and avoid automated programs that resell tickets.
SEG incentive model
Platform users are motivated to promote the network on social media for reduced subscription fees and receiving SLX tokens. Additionally, there is a two-level system to encourage users to submit reviews. First, platform's participants can evaluate reviews as helpful and valuable. This will promote and develop user profile, which is called a CredScore. And secondly, business representatives can reward users with high ratings for their active participation.
https://slate.io/
Alongside incentive model SEG introduces its “Level Up” program. The more purchases are made, the more advanced access will be obtained. The rewards are assigned to different levels, that include:
-access to premium tickets;
-exclusive invitations, such as movie premieres, and
-private lottery.
Token sale plan
Slate currency SLX is used as a means of reward.
Slate is a global marketplace for media providers. The main focus of the project is a rapid distribution of the decentralized content, which includes streaming videos and electronic ticketing system as well as tools for promotion events.
SEG business model is commission-based so that content creators will receive a majority of transactional fees. The platform applies blockchain technology to both evaluate and secure a content. This strategy has been already discussed as one that minimizes risks and provides trustful analytics. What's more, Slate is built upon two modules that are used for content distribution and payment.
Interaction between platform's participants and businesses representatives is another well-balanced aspect. There is a rewarding system that not only enables beneficial content promotion for both users and creators, but also contribute to a mass adoption of the platform.
Website: https://www.slate.io/
WhitePaper: https://www.slate.io/Slate_Whitepaper.pdf
Telegram: http://t.me/Slate
Facebook: http://www.facebook.com/slatecurrency
Twitter: http://twitter.com/slatecurrency
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