STORICOIN

PRELIMINARY

Globally, inestimable organizations are tapping into the new trend of innovation (blockchain technology) to enjoy its decentralization, which permits users to interconnect without necessitating any third party, all executed and failed transactions contains timestamp, transaction data, amount, date, etc. is visible to everyone, it is secure to any alteration of data by any both members involved in the transaction, it is an open distributed ledger that records transactions among two parties proficiently in a certifiable and permanent means.

This technology supports a peer-to-peer decentralized consensus network that is stick to a protocol for inter-node communication and verification of new blocks. It is extremely secure by design and demonstrates a distributed computing system with high Scheming fault leniency.

INTRODUCING STORICOIN

The “story industry” refers to an industry that uses “stories” as the origin of its products and includes areas such as films, dramas, web novels, web dramas, plays, musicals, and radio shows. Storichain is a digital archive asset management system that provides users the opportunity to make online transactions which include untrusted individuals by entering into an “agreement to prevent copyright theft.”

#storichain does not keep authors the story's original text datum in their servers, this was done because storichain considers the contribution in the creation and transactional phase as well as the transfer of ownership of the story more than the chart data of the story itself.

One underlying problem currently in the industry is that of revenue sharing process, lets take an example, the webtoon industry, which is presently one of Korea’s largest plot-based industries, has already passed 700 million United States Dollars in market size, but there are still many people who doubt the profit-sharing scheme in the industry, as well as in many materials. Authors are faced with issues when it's time to get paid by producers for their creations.

BENEFITS OF CHOOSING STORICOIN

★ Users will receive incentives when the share their data.
★ High-tech infrastructure.
★ More equity to an independent artist.
★ Rewards for intellectual property owners.
★ Decentralized, transparent & secure platform.
★ Enhanced data protection.
★ Peer to peer transactions.
★ Unlimited video and audio streaming.
★ Quick global transaction executions.

STORICOIN DIGITAL ASSET USAGE

Storichain will be used to incentivize users for creating stories, this will fundamentally abolish the underlying trust issue between the participants in the story industry — authors (writers), production companies (producers), and readers customers). With this innovation, Storichain will make the process of creating a derivative work from source material more transparent, eradicating the injustice that exists in the industry and creates new values.

ROADMAP

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ARTICLE WRITTEN BY TIVERE AKPORODE

★ BITCOINTALK PROFILE: TIVERE