CONTENT PROTOCOL-REWARDING CREATORS FOR THEIR CONTRIBUTIONS WITH THE USE OF BLOCKCHAIN TECHNOLOGY.

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INTRODUCTION

The blockchain technology has inspired many corporations and institutions to adapt its features to enhance a better performance of services. Among the features of the blockchain technology is its transparent system which makes the use of it void of any fraud or theft since every little detail or transaction is recorded unto the immutable blockchain ledger. Talking about the immutable blockchain ledger brings to mind its secured nature which also does not make it possible for other members to alter the any recorded transactions on the network. Furthermore, this security feature guards against double spending in cryptocurrencies and in other terms it does not allow repeated transaction to occur for purposes of fraud or theft.

Knowledge and database have increased rapidly over the years and this has largely been contributed to in various forms. Through writing, music, movies and other forms of content publication, people all over across the world get informed through these content publication formats. Consumers in appreciate quality content from creators in the form of rewards for these creators through various content hosting platforms. For content platforms the prominent amongst them are Steemit, Medium, Blogger, Wordpress etc. Music lovers like myself also visit platforms such as Itunes, Vevo, Youtube etc.

THE PROBLEMS FACED BY CONTENT CREATORS

Music, Videos and writing are very much appreciated by several people around the globe and these creators do not have the capacity to reach to all their consumers but except through these third-party platforms. Creators of the various forms of content get rewarded in several ways by their quality content through a system and terms dictated by these third-party systems. The reward systems by most of these platforms are so skewed to the huge benefits of the platform and not to the creators themselves. Content creators are only being rewarded some meager amount of funds that is being generated by these platforms.

Content creators have become aware of the cheating systems that is being meted out to them and hence resulted to creating their own platforms to advertise their information to their consumers directly without the assistance of any third-party. This would have been a relief if these creators had the capacity to promote their content to their consumers on such a large scale. Furthermore, setting up such a platform is capital intensive and requires a whole lot of technical skills which most of these creators do not possess. Let’s not forget that these creators have expenses to make in the creation of their content that is all the resources that they need in order to make high quality content for their consumers. Adding unto these expenses with the whole set up of a platform to get interactive with consumers is overwhelming and not all of them can bear this cost. To compound to this problem, even after the creation of their own personalize platforms, the promotion of their platforms would also add up to the overall expenses that they have to incur.

In the atmosphere of competition, the quality of most content creators is being affected due to the challenges and problems that they face in the production of their materials. This has led to a flood of low-quality content that is being spread across the globe. In terms of quantity of production, creators are not able to create sufficient amount of content for the consumption of the public.
Above are some of the challenges that Creators face in the publication of their work but the relieving news below is the solution that Content Protocol offers.

THE SOLUTION THAT CONTENT PROTOCOL OFFERS

Content Protocol adopts the blockchain technology in creating a platform that would help reward both creators and consumers of content accordingly. The transparent system of the blockchain technology would ensure that reward and payment systems are done in a manner where all the terms and conditions cannot be altered to favour the platform. The Content Protocol Ecosystem seeks to reward both consumers for their activities and the business entities through its platform.

There are several ways through which consumers can be rewarded and one of them is through the review of contents submitted unto the aggregator platform. Information is increasing rapidly all across the world and what might seem true today might turn out to be false in a very short time through research activities. Hence, there is the constant need to review contents from time to time to avoid misinforming the public. Through the Review Aggregator Platform consumers who help in the review of content shall be rewarded for their contribution to the Ecosystem. These consumers would be paid using some of the fees generated as a result of users who accessed the data submitted on the Aggregator platform.

Every content platform out there builds itself through the recommendations and comments of the users on the platform but how many of these traditional systems get to honour and reward their users and consumers for such innovative ideas and suggestions. Well with Content Protocol users would be rewarded for their contribution to the platform through their recommendations, rating of content.

HOW THE CONTENT ECOSYSTEM IS SUPPLIED WITH DATA

A marketplace where users and other members can trade content would be established within the Content Ecosystem. Data and Information are going to be supplied solely by members who assist in reviews and also the consuming platforms. To reward the providers of these content the users who seek to access the data supplied at the marketplace would make payment for such information with Contents Protocol Tokens (CPT). Below is an image depicting the how data is going to flow within the Content Protocol Ecosystem.

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THE ESSENCE OF BEING A TOKEN HOLDER

The CPT Tokens is the native token within the Content Ecosystem and the main cryptocurrency which would be used in making payment for content on the platform. In addition, other fees that are charged on the platform would also be done with the use of CPT Tokens. Furthermore, content creators who wish to promote their data and information on the platform can also convert their CPT Tokens to CPT Power on a 1:1 ration in order to massively promote an information to the members on the platform. The use of CP power to promote the content of information providers really saves them the huge amount of funds that they need to provide on some traditional platforms.
Consumers per some amount of their CP Power can sort of raise their ranks or better still increae the compensational rewards they receive on the platform. With the least of 1000 CP holdings a user can increase his compensations on the platform making him earning him the Evangelist Tag.

TOKEN SALES

Be a part of the Token sales as the Public Sales begins shortly. Visit this link to participate. Below is a simple guideline to help you participate in the ongoing Public Sales.

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ROADMAP

The roadmap of this project would be unfolded as the project develops but for now visit the website for daily updates of this project.

PARTNERS

The useful case presented by the Content Protocol Ecosystem has attracted unto itself the following partners to the project.

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TEAM MEMBERS

This project is supported by a group of hardworking and experienced individuals who have in-depth knowledge to see to the success of this project. Some have had the opportunity of actually operating with some traditional content platforms and hence are better informed with all the challenges that Content Creators and consumers face on these platforms. Below are some members of the team please refer to the website or whitepaper for more information about the entire team behind this project.

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CONCLUSION

Content Protocol adopts the blockchain technology in creating a decentralized ecosystem which would help reward both consumers and providers of data and information in a very transparent way other than existing traditional systems. With Content Protocol, both the quality and income generated through content creation just got better!

Connect with the Team on the following platforms

Website: https://contentprotocol.io

Whitepaper: https://drive.google.com/file/d/1OJizH-oS8yxJgO-RPnUKJQiU45bW4I_5/view?usp=sharing

Official English Telegram Group: https://t.me/contents_protocol_en

Korean English Group: https://t.me/contents_protocol_kr

Facebook: https://www.facebook.com/Contents-Protocol-208534553079574/

Twitter: https://twitter.com/contents_prtcl

Medium: https://medium.com/@contents_prtcl

Talk: https://open.kakao.com/o/gbIu0UU

Bitcointalk thread: https://bitcointalk.org/index.php?topic=5082705.0

Authorship

Bitcointalk Username: Aponkye1

My Bitcointalk Profile link is https://bitcointalk.org/index.php?action=profile;u=2216761

Ethereum address: 0xE8a1Fd47FE7CD8CF4E443FFC69AE57Ab03F34e24