Introduction

SLATE project is based on the latest blockchain technology. It is an entertainment utility protocol. It is powered by a cryptographically secure multilayered network. It involves delivering low-cost, high-speed, high-definition video globally. Costumers will have and be able to spend SLATE cryptocurrency (SLX) on behalf of some of the best entertainment the world has to offer. Using the locking mechanism, Slate's goal is to destroy the current entertainment industry with its own cryptocurrency. With its goal to provide high-speed streaming of high-definition video, Slate will also increase the speed of the stream, and will also offer a ticketing system in real time.

Get a brief introduction through this video;

The problem in the current entertainment industry

The current centralized entertainment industry does not provide any profit to its customers or users. In fact, the industry makes money for itself. Fans of entertainment do not find this interesting in this entertainment, using this business model. Currently, entertainment industries, such as Netflix, Hulu, are the best providers of video-on-demand (SVAD) subscriptions. Traditional cinemas have already been violated by these entertainment companies.

But, some problems should be solved by Netflix or this will create problems for them. The main problem is that they are not decentralized, which means they are only centralized with power. They control the creators of entertainment. The efforts of video developers are not as well appreciated as for the monetization of their videos, they must agree on the privacy of Netflix, and they are not paid according to their efforts. Creators, sometimes face many difficulties behind the scenes. And, if their effort got a viral effect or Netflix got a big profit, Netflix does not share it with the creator.

Netflix also monitors what is being produced. For this reason, some of the entertainment actors do not allow users to use the Netflix platform, and the news comes out constantly. In addition, for the entire bandwidth that is used for streaming video for viewers, Netflix pays for it. This means that the more consumers watched Netflix, the more it cost Netflix.

Layers of the network

Binge is a part of Slate

It will be the first decentralized streaming platform which utilizes the new technology called Blockchain Video on Demand (BVOD). They solve the problem raised by Netflix. They are going to provide the power of video on demand (BVOD). Viewers will have to spend their Slate tokens to purchase entertainment programs with pay-per-view. Slate tokens are the fuel of the Binge platform.

Some of the features offered by Binge

• Exclusive content - original content, including a series, films and documentaries created by Binge.

• Content library - movies, series and documentaries licensed by Binge

• Content of the creator - content downloaded directly from the creators who adhere to open Bing criteria

• Full transparency
  The platform will have full transparency, as the platform will be integrated with the blockchain, where all transactions will be registered and publicly viewed by someone. And after the content is presented as a platform for its creators, the revenue will also be transferred to them if their creation becomes very popular, which will be based on the total number of views and other details that will also be recorded in the blockchain. The information is completely open to the creators. This concept will encourage creators to create and bring more creative content to the Binge platform, enhancing the quality of Binge itself.

• Reducing piracy
  Data content will be stored in a blockchain, and people will be forbidden to pirate with this content, which significantly reduces the risk of piracy. Piracy is a huge problem in the entertainment industry, creating a problem for creators, because of this they lose a huge amount. Consequently, this will also help to reduce piracy, which helps creators and the entertainment industry.

Conclusion

In conclusion, Slate is going to frustrate the entertainment industry. It will make the entertainment industry much better. In recent years, the entertainment industry has grown significantly, and it will continue to grow even faster. Netflix is one of the best entertainment providers, but it can be replaced at any time with the integrated blockchain platform.

Contacts

website- https://slate.io/
whitepaper- https://slate.io/SLATE_WHITEPAPER.pdf
Telegram- https://t.me/Slate
Facebook- https://www.facebook.com/slatecurrency
Twitter- https://twitter.com/slatecurrency

Author- cham12 (bitcointalk username)
profile- https://bitcointalk.org/index.php?action=profile;u=1574947