Producers in the story industry often lack quantitative data to finance the productions, and they must pay in advance to a writer who does not have a successful track record in the industry. It’s usually difficult for producers to find a domestic/foreign resale market for copyrights which have been buried due to production delays.
A well-polished script that is investable is also very hard to get. Storichain is looking to establish a unique creation tool for each area of production starting from webtoons, web novels to drama/movie scripts and take a different approach to offer new solutions.
They plan to provide:
🔗 Encouragement based on additional compensation and payment of writing fees based on the monitoring results.
🔗 Minimized translation costs based on smart contracts.
🔗 Reduced agency fees during script transactions.
🔗 Funding for derivative work based on highly reviewed scripts during monitoring.
🔗Simulated casting, acquire Rights of First Negotiation of copyright.
🔗 Fundraising with smart contract.
🔥 Narrative Verification Monitoring-While users can still acquire contributions through simple posts, movie reviews, uploading stories and creating story materials, the platform is going to pay more attention to the creation of stories that pass the in-built narrative verification logic.
🔥 Narrative Verification- They will carry out surveys on readers and producers where there are no correct answers but instead, they plan to employ the ‘Game Theory’ by obtaining an error rate through comparing the survey results from readers and from producers while betting a particular amount of trust. The platform will set a specific Schelling point which means that they will develop the system in such a way that the sudden decrease in weekly error does not affect the growth index.
🔥 Crypto-actor-This is an emoticon type of actor who can be featured inside a story. Story creators can put such in their stories, and when the story makes a profit, a particular amount of the profit will go to the wallet of the crypto-actors. The platform will create an actor every ten minutes based on the name of the actors registered in the Wikitree.
TOKEN.
TORI is an Ethereum ERC-20 compliant token in the Storichain platform. It’s a utility token that can be used for services which are offered in the Storichain dApp and is designed to adjust the amount of currency in the market based on the product’s value(story). Services offered on the platform will include purchasing creation templates, paid reactions, support among numerous others.
CONCLUSION.
Storichain is a platform where anyone has the potential of becoming a writer. The coolest thing about this platform is that it has so much room for growth as there are endless opportunities. For instance, the fact that posting your story could potentially earn you collaborations from experienced and professional story creators is encouraging to upcoming writers.
The story industry is one of the largest and rapidly growing industries and being a part of the blockchain technology revolution in this particular industry is the sensible step to take for any investor out there.
The platform has numerous benefits for all the participants of this industry and looks to solve challenges facing multiple fields in this industry. I don’t know about you steemers I am about to purchase my TORI tokens and jump on board this train!
For More Information.
🔗 Website: https://storichain.io/
🔗 Telegram: https://t.me/storichain_en
🔗 Twitter: https://twitter.com/storichain
🔗 Medium: https://medium.com/storichain
🔗 Facebook: https://www.facebook.com/storichain
🔗 Whitepaper: https://drive.google.com/drive/folders/1s902dyb4msuSu4dcg-9tlqE8vVcxC2Kb
★ Author: jamesndungu1
★ BitcoinTalk Profile: https://bitcointalk.org/index.php?action=profile;u=1856049
★ All Images credited to STORICHAIN OFFICIAL WEBSITE
