Role of social media in the modern world

Statistics

The largest social media is Facebook and it has 2.23 billion active users, there are buttons ‘like’ and ‘share’ from Facebook on more than ten million sites, every second Facebook registers 5 people, more than 300 million photos a day are loaded, every 60 seconds on Facebook there are 510 comments, 293 thousands updated statuses, 42 % of marketers declare that social media are a key aspect of the marketing company, more than three million articles are created and read.

Freedom of speech

Social media have become an integral part of the daily life of modern people. They help us to share news, share our thoughts, communicate, evaluate and praise the beginnings of other and create something of their own. In a minute there are more than two million likes. Social media have become a place where people can freely share their opinions without any administrative restrictions. With the help of social media, the voices of minorities can be heard, social media reveal lies and often social justice is administered.

Impact

Social media have grown so much that they can influence the outside world as no one can. One of these examples is the US presidential elections of 2008 and 2012. Facebook co-founder Chris Hughes was hired for the election campaign of Barack Obama, Chris Hughes created My.BarackObama.com. One tweet from ex-president Obama ‘Four more years’ had influence more than many multi million investment.

Replacement of tradicional services

For decades we have received news from the media through posters, newspapers, radio, television programs, Internet resources. Now the news from eyewitnesses on Twitter come faster than any correspondent will be able to react to the news. Social media don’t succumb to even state prohibitions, such as in Syria, where all media and private journalists are limited in the activities of the state, despite the ban protests were covered.

Social media generate tons of content

Everything that users create during the use of social media, that is posts, comments, videos, images and etc., are called content. This content is only indirectly monetized by creators, they receive donations from their fans or conclude partner advertising agreements. There is no way out. This content is directly monetized by management companies and shareholders. Traffic users and generated content is the main aspect of platforms.

Foresting solution

As Steemit has already done, Foresting will create a platform where you will be able to monetize your content yourself. You will not be engaged in this process, the platform will do everything for you, and you will receive dollars for the contribution, regardless of whether you have set up partnership programs, advertising or other traditional methods for monetizing digital content. On the Foresting platform you will receive a reward for every one of your likes and repost of your content, this should motivate any content creator to continue the chosen path.

Social media Bank

The Foresting Bank will be responsible for platform financial services, for transaction on blockchain network and etc. The main advantage of this bank is integration with traditional services of banks. This institution solves the problem that novice content creators have encountered, and this is a low and unregistered revenue. Because of this source of income, there are problems with bank credit systems. The Foresting Bank will create its own model for assessing the contribution to the platform in order to create a general picture of creditworthiness on this basis, which directly affects the relations of users with bank credit systems.

Key members of the team

David Lee is a strategic director. David directly contributes to the Chief Executive Officer in matters of development, strategic decisions, communication and management. David received a master's degree in business administration from Hanyang University. On his LinkedIn page, as the first job David indicated the post of chief operating officer at INPIX, he held for 11 years from 2003 to 2014. Since October 2010 he has already combined his work at INPIX with the position of Chief Executive Officer at Madum, he held for another 6 years until 2017. Since March 2017, David has sat on the chair of the operating director of Hdac, which he holds until now. One of the last appointments of David is the post of executive director of DeCentre, which he occupies since January 2018 to the present.

Woon Hee Lee - Chief Technical Specialist of the project. Woon is the head of Gener Crypto, which utilizes blockchain technology in the business sector.

Conclusion

Foresting is the realization of all that the creators of content dreamed of. Uncontaminated and unmediated monetization of copyright content, improvement of official creditworthiness and distribution of its content on the most reliable platform, built on blockchain technology that will protect copyright of the creator and prevent harmful actions inside the platform. Foresting embodies the dream of digital content makers. Foresting will show the world how to create social platforms and will bring success to its investors by its success.

You can find more detail on the official web-site: https://foresting.io
Whitepaper: https://forestingnetwork.com/whitepaper/FORESTING_Whitepaper_Eng_Ver.0.92.pdf?ver0.2
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