Blockchain to Disrupt the Image Licensing Market

I don't clearly remember how and when a die-hard passion for photography sprung to life within my spirits. Capturing those lovely rare moments within the lens and treasuring it forever sounds still less beautiful than done. When my father gifted me a special DSLR for my eighteenth birthday, my joy knew no bounds. Who knew I would later pursue it as a freelance opportunity. Things, however, were not as smooth as I expected them to be.

The content I created was, without any doubt, creative and eye-catching. The only missing piece was the availability of a genuinely friendly platform for portrayal and sharing of my vision. The companies I approached for distribution of my pictures were bent on charging a rather handsome portion of my value, besides taking full credit for any content I created. I saw no point in having to sell off my content for a meager amount, and not be able to call it my own. I decided for myself that this was a world I rather not step in.

Until I came across Wemark.

What is Wemark?

The Wemark Protocol is a brainchild of blockchain technology, that aims at creating a digital marketplace accessible by and profitable to anyone who has innovative digital content to share on a global platform. Being the blockchain that it is, Wemark provides its users the benefit of decentralization of network and middlemen-free distribution.

Based on a few stark ethics, such as direct accrediting of content between the creator and the user and the befitting usage of recommendations and pacts by content creators, Wemark 's fundamental code is a set of Smart Contracts.

Why Wemark?

The prime goal of every content creator is to be able to maximize profit by making his work accessible to more and more users, at the same time retaining the maximum possible revenue out of it. Since authorizing content directly to users is not a feasible option because of lack of a powerful brand name to entice customers, these content creators must supply their work to certain companies who act as intermediaries.

In such a situation, Wemark comes forth as a platform that provides the creator everything that is his worth – desirable distribution of content on a global basis, an optimum share of revenue, security of content and payment, absolutely no forgery and easy access of stored content. This it does through its blockchain mechanism.

How it works

All content creators would undergo identification and verification procedures on the platform and would have to record data for their content on the blockchain network f the ecosystem, that shall then act as a public ledger for the forum. Therefore, future copyright claims would have an easily accessible and cross-checkable basis, leaving little room for dispute.

All payments shall be made on the Wemark interface itself using cryptocurrency. The revenue distribution, which will be pre-decided between the creator and the Wemark interface, would also be a just and absolutely transparent affair. The creator also has a number of options when it comes to the kind of license he wishes to issue for a particular photograph or graphic he has created. The creator, thus, is in full control of handling his content the way he wants to.

All data related to creator and user transaction shall be recorded on to the public ledger so that there is absolute transparency and zero forgeries in all affairs. This transparency may be subject to some change, such as individual details of a purchaser wouldn't be as transparent as the details of the price, time and proceeds for his transactions.

Token and ICO Details

The Wemark token, the WMK, is an ERC20 type token, with an estimated 135,000,000 total number of supplies. Its soft cap value is at 1.5 million dollars and the hard cap at 8 million dollars. The WMK shall be the native currency on the Wemark ecosystem and shall be used for all payments, promotions, and transactions on the platform. 1 WMK = 0.2 USD

Verdict

To be straightforward and simple, Wemark has tremendous potential for turning the current scenario upside down, because it amazingly delivers to the content creator all that he has been longing for. Yes, Wemark is a for-profit organization, but it makes sure its participants get a well-deserved share. As it is, the world of digital media is expanding by great degrees. The digital marketplace is one that seems to be drowning under soaring prices and unwilling creators. In such a scenario, Wemark's able strategy, its blockchain mechanism, and its prospective working scheme must definitely be seen as a golden opportunity for investors.

Website: http://wemark.com/
ANN Thread: https://bitcointalk.org/index.php?topic=3347524
Telegram: https://t.me/wemark

Blog by yalsik.s
Profile: https://bitcointalk.org/index.php?action=profile;u=1943321