Blockchain Distribution Platform Could Prove Beneficial For Social Media Content Producers
It’s no doubt that social media has become a very powerful force in today’s world. Platforms like Twitter and Facebook have become the go-to destinations for information and news. However, there has been very little oversight for companies distributing information across the globe. In addition to ethical issues, we have seen many grey areas where blockchain distribution could help in monetization of content.
Platforms like Snapchat or Facebook are the most popular platforms where people easily share content, but they do very little to create anything, and are only getting huge gains from their users. By people posting their videos, photos and other media, there are creating a marketable entertainment, but the owners of the platforms aren’t doing much to compensate.
In platforms like YouTube where users realize a small amount of profit, the companies still gain a lot from the content simply because they feature ads on the videos. Generally, content creators and users are at the mercy of these platforms and can only benefit whenever and wherever the platform chooses. However, with blockchain, the solution for these problems could be achieved.
Content Sharing That’s Free From Policy
Users have gone on record with wild statements of being banned from major content platforms, meaning that there’s little to nothing they can do to regain access to them. Everything comes down to corporate policy, and not law. Most of them don’t do anything illegal, like it’s the case for the outspoken Texan, Alex Jones. They aren’t able to post videos to platforms they have helped generate a lot of money in ad revenue.
With a decentralized distribution, such issues wouldn’t be there. Blockchain technology can help put the power of profit in the hands of the creative, allowing them to have a reasonable share of the revenue generated.
Large amount of data can be recorded on the blockchain without the need of intermediaries. When it comes to content sharing and social media, it means that platforms such as YouTube can be replaced by cloud-computing nodes.
Platforms Changing The Content Sharing And Social Media Market
Contentos is one of the platforms designed to create a scalable marketplace for content distribution in the online world. The idea of the project is to connect all content producers directly with the media consumers. The platform may not challenge Facebook and YouTube as of now, but with more adoption it could rise in popularity.
There’s also Snapparazzi, a platform that utilizes blockchain to help creative selling photos of newsworthy events. The platform allows users to upload their videos and pictures, letting news platforms to bid on them. All buyers will pay for them in fiat currency, but the creative will receive SnapCoin tokens, which they can convert to any other digital asset or fiat currency.