Slate : Disrupting The Way We Create, Consume and Access Entertainment

 This blog was originally published on my website, TechBlogChain.net 

        Entertainment has been always part of our lives since earliest time, a form of activity in which we devote our attention and time in which it gives pleasure and delight. It has many forms, like sports, a play, movie, television series, concert, and even a cooking competition, can deliver entertainment. Entertainment is now a necessity, it's a diversion that provides happiness and pleasure, in which it reflects having a good health and well-being. This is why it comes as no surprise that entertainment is one of the biggest industry in the world, amassing more than two trillion US dollars in revenue annually worldwide. With the USA as the biggest entertainment market, followed by China and Japan. I myself consume some forms of entertainment, as I like watching cooking shows and competition, attending a concert event, going to the theater for a blockbuster movie and stream series or movies on subscription video on demand platforms like Netflix and iFlix. I spend heavily in terms of money and time in subscription video on demand platform and arranging a movie bonding with my friends in nice movie theaters. In this continuous habits of consuming forms of entertainment, I noticed some are having a hard time adapting to changes in terms consumer needs and fairness. I once encountered that paying a movie ticket using online ticketing service is more expensive than actually buying one in the ticket booth. Why? There's the mighty service fee on the top of your ticket purchase via online ticket service. There's this one time that tickets were sold out for the very first concert of Coldplay in Manila, and knowing later that those tickets are being resold at 30 to 50% higher than the original ticket price. I also witnessed few people that purchased concert tickets for Paramore only to learn that the ticket they bought was altered unsold ticket from a local comedian that already ended months ago. (They fraudsters/counterfeiters somehow, tapped or covered some details to make ticket looks like concert ticket for Paramore.) On the other hand, subscription video on demand platform has always seen problems like, frequent outage (which is caused by different connection factors, either user side or server side), not-so-high quality video (probably due to a limitation of bandwidth), and there's the realization of high subscription spending (maybe due to lack of subscriber incentives).  With all the technology popping around to bring a betterment on this common issues arising in the entertainment industry, there's yet one group to stand up and bring a solution to all of this mess, here's the Slate Entertainment Group Inc., with their revolutionary Slate Protocol that will disrupt the ticketing and subscription video on demand, a subsectors of entertainment industry.

  What is Slate?

         SLATE is a blockchain-based entertainment utility protocol powered by a cryptographically secure multilayered network. Slate Entertainment Group Inc. (SEG) is behind the development of SLATE, a highly-skilled combination of entertainment, business, and technical expertise. They intend to develop a SLATE ecosystem, a multi-layer entertainment ecosystem that will harness the power of blockchain technology and creates a cryptocurrency. The ecosystem consists of; SLATE entertainment utility protocol – SLX Token, which will be used as currency within the ecosystem; BINGE streaming blockchain video on demand platform - BVOD, which will deliver decentralized system for low-cost, high-speed, high-definition video worldwide; and SLATIX tokenized ticketing application, which will facilitate live event (forgery-resistant) ticketing on the blockchain. The SLATE will build a Slatechain in which participants of the network will be incentivized for their contribution to Proof-of-Stake system and Proof-of-Service for blockchain video-on-demand.

      Take a break from reading and watch this short and entertaining Youtube video explainer by Slate (played by Devon Bostick) for SLATE, entertainment on the blockchain.

        You can learn more about the business and technical information about SLATE in their whitepaper. Learn why subscription video on demand and ticketing service is ripe for disruption. 

 What do I like the most about SLATE?

        It is evidently clear that I usually make a review about blockchain project (referring to my previous publications) when it's unique, offers a solution, offers a decentralization, and offers integrity/transparency in particular platform or protocol. And SLATE offers a unique protocol and solution for decentralized, with integrity and transparent ecosystem for a particular entertainment sector. These are key ideas I do like the most about SLATE.

• POS. Yes, you heard me right, not the Point-of-Sale at the shops or grocery but the Proof-of-Stake and Proof-of-Service. It's like you can be your very own Netflix by participating the SLATE ecosystem where your participation in the network provides services that consumers need. You'll get a network reward for being a masternode.
• BINGE. This streaming blockchain video on demand will be the equivalent of your favorite subscription video on demand. The contents of this platform are cryptographically stored in the storage of participants of the Proof-of-Service protocol. This is not stored in a centralized server as what Netflix, iFlix, Amazon Prime and Hulu does. Incentivizing network participants for providing low-cost, high-speed, high-definition media access for consumers everywhere.
• SLATIX. This is one of my favorite. It will use blockchain technology to create low-cost tokenized ticketing systems. Where tickets will be unaltered or can be faked because data stored in the blockchain, such as ticket data, are immutable. There will be no more fake Paramore tickets or overpriced Coldplay reselling ticket modus.
• Unrestricted Access. I remember back more than a decade ago when the government banned the screening of a movie adaptation of one of Dan Brown's book, "The Da Vinci Code". At that time, I realized that the government has the power to limit to what entertainment you consume, fearing that it may change your religious belief. In my opinion, belief, and entertainment are two separate life influencers. And according to human rights published by UN, we have the freedom to choose what religious belief we intended to guide our life. A lot of geographical restrictions are also rampant in popular streaming platforms, resulting in consumer using VPN, and resulting in some government banning VPN services too. (Seriously?) With SLATE, there's no more restricted access. It's your freedom, it's your entertainment choice, it's your life, it's your well-being, it's your human rights.

       Before I became a human rights activist, (which is I doubt I will) let me tell you that as of this writing the SLATE token presale is currently live with starting price of $0.20 per SLX token and slowly increases to $0.35 at the end of general token sale. They already met the $20 million soft cap. There will be a total 950,000,000 SLX token, where 48% goes to the token sale and 21% for POS participants and the rest are stated on the website and whitepaper.

        You can sign up on their website, read news about the platform, join their community chat on Telegram or Discord, monitor the development on their Github page, like them on Facebook and follow them on Twitter to get a timely update from the team, developments, news and token sale.  

Notes from the author:
The contents of this blog is an opinion, commentary, and informational purposes only, and should not be considered financial advice. I am an independent blogger, not a financial advisor. Investing in blockchain projects and cryptocurrency is risky. I am not held liable or responsible for any loss or damage you may suffer for trading or investing to blockchain projects and cryptocurrency. Please conduct your own due diligence before investing in ICO, ITO and blockchain projects.Additional Info from the author:
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