Globally, the digital content marketplace has been troubled and ineffective. Digital content is hot property, with photographers, and the agencies that deal with them making to some of the most powerful companies in the world. Companies such as Shutterstock, Getty images and so forth are still existing within a centralized world, thus leading to the current marketplace problems. The creators of the digital content are often ill rewarded for their hard work and the agencies that control the work that these creators create often monopolize the market, which means that there is little scope for competition and competitive rewards for the creators themselves.
The Wemark premise is simple. Through their cohesive use of blockchain technology, they allow for all creators to be able to license their digital property and content directly to those that use it – the rights and the process will all be under the creator's control. The fees and costs associated with currently centralized marketplaces will be unchangeable – that is, once a contract is agreed, all terms are to remain exactly the same, and can only be changed if all parties involved agree. And of course, as with all blockchain technology, the way in which the technology works will systematically help the protocol, as with referral programs through the blockchain will reward and increase the users through the content marketplace. The average revenue a digital creator can expect is 15-20%. Wemark intends and guarantees a rate of 85% for all creators, something which is an industry first.
Wemark knows that over the years the amount of digital content available has grown exponentially at a rapid rate. They are also extremely aware that all creators are often poorly rewarded, and have very little benefits once the rights for their content has been ‘signed’ away. By introducing the concept of the digital marketplace, Wemark is giving the control back to the creators, and really, this is where it belongs. Stock photography has long been a hot commodity, with the creators of such images finding themselves ill-compensated for the work. The very token that Wemark proposes – the WMK token, will be able, through the token’s decentralized, transparent and cohesive nature, enable all who is not to be able to have coherent involvement with each other, in a decentralized notion, and of course, eliminating the need for any costly third-party involvement.
Photographers and digital content creators are often what one would term as an ‘unknown commodity’, that is, they lack global recognition, or quite literally ‘aren't a big name’ and this has often been a huge setback for those trying to break into the digital content marketplace. Wemark changes this, by allowing each and every content creator to become the master of their own content. Through the lowering of licensing rights, payment rights, the way in which the revenue is distributed and the storage access, Wemark cohesively cover all of the problems that previously the digital marketplace has faced. This protocol cleverly eliminates the costly third-party involvement and the fact that the Wemark distribution agreement is unchangeable, mean that content creators and users can collaborate in a mutually beneficial way.
The blockchain is unchangeable, and as we know, secure. The presence of the ‘smart contract’ viability means that to make any adjustments to the way in which the content is disturbed or shared must be agreed by all parties involved. Wemark cleverly uses the Ethereum smart contracts, adding longevity and reassurance top their already excellent protocol. The whole process behind the protocol is transparent and trustworthy, and the automatic payment process afforded by the blockchain technology means that all parties have full control, and have eliminated the use of the ineffective third party.
Wemark constantly updates and improve their resources. They haven’t been a company to just rely on one form of technology, and this constant updating and refreshing of the technology have set the company apart. As we all know, blockchain isn’t designed to accommodate the right media or vast amounts of digital data, and so the company have provided a link to an external server that will host the data, Currently, Wemark use Amazon Web services for this, but as the technology evolves, Wemark has assured its clientele that they will continue to search and apply the best technological solutions available to benefit its customers.
The flexibility that the Wemark protocol offers means that, as with all cryptocurrency platforms, customers have full control over their own token, and are able to use them when they like and where they like. The content that the platform provides is current, eliminating the often ancient and irrelevant stock photos that are available in the traditional online search engines, and of course, resulting from this they proved better prices for users and creators alike. The entire ecosystem offers a fully comprehensive and transparent system of support, which in turn creates a viable global marketplace.
It is pleasure to see such a fully cohesive and fair marketplace solution arise through the use of blockchain technology. The marketplace is ready to be disrupted, and the technological advances available will shape the future of the digital marketplace through blockchain technology. Wemark is ahead of the game, and ready to utilise this forum succinctly and with great skill. The Wemark token, WMK, will allow creators the ability to tokenize their digital content and share it with others with great ease and simplicity, and Wemark has set no limit on these possibilities, and no limit for what the token can be applied to and for. The while organization itself is a for-profit organization, and this, in turn, will lead to an increased presence of the crypto digital currency marketplace.
Decentralization is happening at a rapid pace, and Wemark intends to ensure that the protocol occurs at a rate which is viable and able to be kept as accurate and beneficial for all of its users as possible. They intend to keep the marketplace that is successful as a centralized forum the same and allows for the two technologies to cohesively merge, this fully utilising the very best aspects of all technological advances in a coherent manner. I for one am excited to watch this highly effective and transparent company grow by leaps and bounds within the digital cryptoverse.
Website: https://www.wemark.com
Telegram: https://t.me/wemark
ANN Thread: https://bitcointalk.org/index.php?topic=3347524.new#new
Bounty thread: https://bitcointalk.org/index.php?topic=3293253.0
Whitepaper: https://www.wemark.com/whitepaper.pdf
Article was written by frankiemalton
Bitcointalk username:frankiemalton
User link:https://bitcointalk.org/index.php?action=profile;u=1989629
Ethereum Address: 0x7656CB6F30c05e9c136c1C0f1FE316125A653ed5
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This is exciting to see, as the level of protection that this offer is excellent.
Wemark knows that over the years the amount of digital content available has grown exponentially at a rapid rate.