WEMARK - Blockchain based Marketplace for Digital Content
Blockchain technology is a transparent digital ledger of transactions and records that are immune to change or deletion. Offering additional traits of increased security, lower costs, time efficiency, and error resistance, blockchain has risen, fluctuated in 2017. The utility of blockchain technology is limitless, sparking the growing list of companies, industries, and government exploring its potential adoption. The blockchain is an immutable public ledger that records digital transactions.
The Wemark project is the platform for digital content which is based on a basis a blockchain of technologies. The Wemark project gives the chance to photographers to keep all rights for the content and to license him just before clients, thereby eliminating need of use of the press photographer which occupy up to 85% of the income. Wemark is a growing community of leading independent photographers licensing their photos directly to customers, with no agency involved. We’re a group of creators, marketers, designers and engineers, with a huge passion of transforming the way creators distribute their content and how they get paid for it.
WEMARK AND BLOCKCHAIN TECHNOLOGY
Blockchain technology is an emerging field that shows a lot of potential to provide solutions to various problems with its security, privacy and transparency features. Wemark makes use of this revolutionary technology to carry out operations for managing and distributing payments with complete transparency in its protocol – the Wemark protocol. In this protocol, blockchain provides a way to create a distributed marketplace, where creators can directly license their content directly to customers while keeping all the rights to their content and maintaining control over its price. They come to a mutual consensus, and the agreed terms get registered on the blockchain (Smart Contracts), which cannot be changed later unless all parties involved agree. Thus, the blockchain becomes the middleman, which isn't such a bad thing because there is no scope for the blockchain to claim profits or manipulate agreements.
PRINCIPLES OF WEMARK PLATFORM
· Creators can directly license with the users so that they can keep their rights related to the content.
· Fee of distribution is fixed but can be changed by the agreement of all the parties
· Content can be shared and the community is rewarded, so the number of users are increased.
FEATURES OF THE PLATFORM
Full ownership of their content
A creator will no longer have to dump their content into the marketplace of a licensor’s network and wait for a report with a limited payout. Using the Blockchain-powered Wemark ecosystem, the photographer will be able to issue the distribution rights to whoever is willing to pay for it in accordance with a deal that will be subscribed using a smart contract. The Blockchain will keep track of every transaction and hold full accountability for the proper use of the content.
Full control of Costs
The Wemark platform will offer the content of photographers at different price ranges to accommodate every user’s choice. No content will be licensed without the approval of the artist on the final price.
New Model for Revenue Distribution
Wemark’s flagship offering is the ability of creators to collect 85% of royalty payments over the full price paid by the customer. The remaining 15% will be collected by the company to keep the ecosystem’s operation running. If unforeseen circumstances force Wemark to change their royalty rate policy in the future, no deal signed off until that point will be affected.
New Model based on Transparency
The nature of a smart contract is to secure transparency in all the dealings made with the product offered by it. Photographers often had to deal with the incorrect use of their content by sending notifications that would not be taken into consideration by the major networks unless they came with a legal warrant. With Wemark the protocol will ensure that content is handled in the terms stated in the smart contract to avoid copyright infringements or inappropriate use by third parties.
Fixed distribution agreements:
On this platform content creators are allowed to collaborate with other parties which seem good for all parties. Agreements have the range of price to licenseand the content fee is given to the platform while referrals are also paid with some fraction. Whenever, any content is signedthen the whole contract of the content is deployed on the block chain.
Platform is powered by block chain technology and smart contract so the payments are received via smart contract according to the agreements. These smart contracts also issue license and revenue for automatic distribution.
Automatic payment distribution:
The platform is a content aggregator but it also gives services of payments which mean they have know-how about the flow of money. Platform is fully transparent and trustworthy which is a very big thing for the value of platform.
WHY WEMARK IS UNIQUE
Wemark isn’t agency of photos;
The photographers using the Wemark platform license the photo directly for clients, to a kotoyra have no intermediary. Exactly thanks to it clients as a result receive the best prices.
Earnings of photographers. Thanks to the standard offered by the Wemark project, photographers keep 85% of the price of sale of the photo. Very generous opportunity which photographers lose at the current system existing in the market.
Thanking a blockchain of the technology based on Ethereum the Wemark protocol provides higher level of transparency. As the result, all transactions and licenses are registered in the public book and become invariable. This main advantage of a blockchain — all transactions are transparent, any option of a fake or fraud is excluded.
Own digital currency;
Wemark supports own digital currency. Wemark Tokens allows both clients, and photographers to become a part of economy and cost of the platform. It is one more advantage of the Wemark platform because of which it is worth drawing very close attention to the Wemark project.
TOKEN AND ICO DETAILS
The Wemark token is called WMK. The token can be used for making payments and other economic transactions on the platform. Wemark has introduced WMK with the aim to generate an economy exclusive to digital content distribution.
Total Token Supply
Price per Token
You can get Whitelisted here: https://contribute.wemark.com/?utm_source=marketplace_website
WEMARK marketplace's launch is near the corner and we're proud to announce we beat our own (ambitious) timeline and now have more than 1M images lined up for the marketplace.
We uncover more than 5 new content partnerships with the industry's top-selling image producers.
These partnerships position Wemark as one of the top premium stock photography collections in the world, few weeks before launch. For more information on this, please visit; https://medium.com/wemark-stories/breaking-news-wemarks-collection-reaches-1-million-images-and-we-re-just-getting-started-3b7143ee8d6
ROADMAP AND DEVELOPMENT PERSPECTIVE
Above you can see the roadmap — how the team sees their nearest and long-term future.
TEAM MEMBERS AND ADVISORY MEMBERS TO THE PROJECT
Team seems to be the strongest part of this project. It consists of innovative and talented people. Of course I cannot complain if we talk about their professional level, guys indeed are experts on their field.
Wemark project is undoubtedly worthy to pay attention to it. You can be a part of this tremendous project and follow these links for more information;
Medium blog: https://medium.com/wemark-stories
ANN/Bounty threads: https://bitcointalk.org/index.php?topic=3293253