The Blockchain Based Social Apps

in steem •  7 years ago 

Steem is a blockchain-based social media rewards platform built for publishers to monetize content and grow communities and this will be revolutionized after enabling the Smart Media Tokens (SMT) read the whole article published on forbes which talk about Blockchain Based Social Apps , Steemit and the SMT from the link below:
https://www.forbes.com/sites/ksamani/2018/04/09/opportunities-for-blockchain-based-social-apps/2/#512037c43b79

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𝕨𝕖 𝕘𝕠 𝕤𝕝𝕠𝕨 𝕓𝕦𝕥 𝕨𝕖 𝕘𝕠 𝕗𝕦𝕣𝕥𝕙𝕖𝕣 @thegoldenphoenix

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Excellent! In steemit, inflation is leveraged to reward authors and curators, contributors, therefore, money is generated in a different way from Fiat, brain workers benefit from this way. SMTs is a great experiment to promote this way of generating money according to ideas, creativities in people's mind, instead of those materials as gold and silver, iron or coal, or based on American bond, or simply government credits.

This is an innovation to show how money can be produced in another way to benefit people who like to share and for people who like to upvote to interact.

yes @chenlocus the idea behind the steemosphere was really brilliant ;)