Introduction
As of 2018, an average of 1.47 billion people out of roughly 2 billion are accessing and interacting with Facebook on a daily basis. From inconsiderable daily live updates to sensitive political issues, Facebook users read and write three million articles a minute. They share their views and opinions by posting pictures and videos and liking 2 million times per minute. Looking back at the past 10 years of social media that has been represented by Facebook, there has always been social media that connects people. It has brought social changes to the likes of politics, culture and economics, and its influence is progressively growing in each area. In November 2012 after U.S. President Barack Obama was re-elected as US president, he posted on Twitter the words “Four more years!” which came with a happy picture of him embracing his wife Michelle. This tweet was immediately shared by 680,000 individuals while on Facebook it received 400,000 shares and 3.3 million likes. The tweet had only three words and one photo but it was more efficient than any multimillion dollar advertisement. In fact, the Obama campaign hired Chris Hughes, a Facebook co-founder since 2008. He created a dedicated site for the presidential election, MyBO (My.BarackObama.com) which united supporters and generated campaign funds. Supporters, who formed the online version of MyBO, played a crucial role in creating the "Obama Movement" on Facebook and Twitter.
In reality, the 2008 and 2012 presidential elections are considered to be the 'Textbook of Social Networking Elections' and social media has played a vital role on the activities of politicians since. Social media has become the main tool of the Jasmine revolution called the “Arab Spring". An unnamed Tunisian young man's improper death became a symbol of the democratic revolution on social networking sites around the world. In the Egyptian revolution the first group of tens of thousands of people staged a protest on Facebook. 99 percent of the young people that started the strike were also capable of taking over Wall Street and Europe through their Facebook accounts. Social media has been able to change this swiftly because the public is free to air their views. It has served as a tool to bring opinions to the public for the countries where the press has been controlled by a dictatorial government or the opinions of the minority has not been voiced. Social media has also served as another medium for breaking the controlled and restricted media environment and spreading hidden truths and suppressed opinions. Nowadays we can get faster news on Twitter than on any major news network. Even Syria which is known as a country where foreign media activity is under full control and journalists are not allowed to enter the country, the Syrian protest news are being widely spread on Twitter and YouTube by citizen journalists.
In the 21st century, it has become hard for people to leave social networking sites. It appears that Social media has caused a shift from vertical communication to "horizontal opinion spreading" in the society where it was the main subject. Within the social media platform, user generated content created billions of dollars and was unsurprisingly distributed among the platform's operators and their shareholders. They would not be where they are today if it weren't for the authentic interaction of the users who contributed to the platform's growth through engagements and shared contents. The companies that are running the platforms have a fundamental objective to bring more users onto the platform. Traffic and content generated through user interaction are the most valuable assets in platform-based services. The company provides a space where users can share their interests and interact with their friends for free.
Excessive Reliance on Ad Revenue
Personal Information Leakage and Theft
Almost every form of media that is present today is centralized, and social media that accentuates a free lifestyle is no exception. Rather, they are not free from security issues, such as censorship, hacking, or personal information leakage. The latest significant disruption on Facebook's privacy has given us a sturdy picture of this. It showed that roughly 87 million personal information records were leaked from Facebook and used for certain candidates during the last U.S. presidential election. Profit is the aim of every company, so there is no reason why Facebook's business model should be castigated. Nevertheless, users are complaining about the infidelity and withdrawing their trust because Facebook's business philosophy does not match the way the company operates. This is particularly apparent that Facebook has turned creative content made by its users of the horizontal network into revenue streams, creating a large, centralized corporation.
What is most unfortunate is that majority of the personal information can certainly not be recovered after it has been leaked. Looking back on this case, the biggest problem is that most content platform provider’s use customer database to earn advertising revenue. Rather than the content itself generating the primary revenue, the platform acts as a mediator for advertisers, and advertisers are willing to collect the user database to augment the effectiveness of targeted advertising by advertisers and advertising agencies. Rather than going after a profit-focused platform, FORESTING will create a content-centered platform that generates direct content revenue. Personal information leakage is not the only setback with the traditional social media that depends on ad revenue. If you depend only on ad revenue, it also creates a big problem for the quality of content. Most social media platforms see traffic as a value measure for content rewards to expose advertising to more users. However, this may encourage provocative, content-oriented postings to attract collectors.
FORESTING Network Value Chain
The FORESTING Network was created to realize the value of a new life in our society: "Work four hours a day, share everyday life, and manage your life." The FORESTING Network will bring about a value shift of 'labour' in the existing society. It will be completed with the blockchain based rewarding social media and ground-breaking financial services to completely support content creators. The FORESTING Network is set up with three departments:
Blockchain rewarding Social media FORESTING.
Digital banking services for FORESTING participants are transformed into a direct payment from the FORESTING Bank.
The FORESTING Lab, providing infrastructures and supporting content creators. While each department’s respective functions and roles are separated, the core values of the FORESTING Network remain the same. They were designed in a structure in which they interact systematically and create synergies.
At the center of FORESTING Network’s three departments are the FORESTING users. The level of content delivery and platform involvement by the FORESTING user defines the scalability and impact of the FORESTING Network. The starting point for the FORESTING Network mechanism comes from the content providers and participants. It is also associated with the core value of the FORESTING Network, a fair world created by participants.
FORESTING Bank
The reason for creating FORESTING Bank is to support financial services that are vital to users so that they can totally focus on creating the content at the center of the FORESTING Network. Through various activities which includes creating and providing content, writing comments, liking, and sharing, users can contribute to the FORESTING platform. This contribution is then evaluated using a new contribution assessment model presented by FORESTING Bank. A variety of financial services will be made available depending on the contribution level on the platform which is based on the level of their connections, the quality of their content, coin acquisition, and transactions. Users can advance their credit ratings just by working on social networking sites, and have an incredible experience with broader economic potential. Financial services from existing banks are based on income, money transactions and credit ratings. Therefore this platform will lead to enhanced content creation, improve the quality of the content across the FORESTING platform, and eventually lead to a virtuous circle structure that extends the quick growth and impact of the FORESTING platform.
FORESTING Lab
The FORESTING Lab was created so as to provide infrastructures for communities who partake in the FORESTING Network and support content creators who want to make content and post on the FORESTING platform. The FORESTING Lab operates on an offline collaborative space for FORESTING users. FORESTING’s collaborative space is available to any partaker in the FORESTING Network and is used completely to enlarge the FORESTING Network and develop the community. This space provides a place for the users at the core of the FORESTING Network to create higher quality content, along with the equipment needed such as cameras, microphones, lights, speakers, and instruments. Users no longer have to give up being a content creator because they cannot afford the space or equipment to create the content. By doing this, FORESTING will be able to offer high-quality content and build a much more robust post-staging ecosystem.
Roles and Structures of FORESTING
FORESTING is accessible to anyone without previous knowledge of blockchain and cryptocurrency. Anyone in the world can simply profit from FORESTING, and just by being active within the platform they will be rewarded with PTON. FORESTING, a new concept of social media, distributes the revenue generated by the content to all users who contribute to it. In FORESTING, content creators don’t need to wait for funds from followers and advertisers but rather, they can benefit economically just by getting ‘Likes' through the use of blockchain technologies and cryptocurrency. Blockchain technologies enable users to support content creators without losing anything, and users can also tap on incentives to post comments to other content creators or to 'Like' them.
Core Features
Projects that are alike have been showing up in the market since the first blockchain-based social media platform, Steemit’s successful debut. FORESTING uses the finest services to implement the ideal blockchain for social networks.
User-Friendly UX/UI: As a blockchain based social media service, FORESTING’s objective is to provide users with a simple and suitable service, like on traditional social media platforms, while also providing instantaneous measurements and transactions of their content values. The platform also aims to provide a service that is intuitive to users, rather than a service that needs them to be aware of complicated concepts, like blockchain technology and cryptocurrency. For this reason, we will provide a service equipped with the most excellent UX/UI. Additionally, the platform will support voluntary activities such as registering, withdrawing, and deleting posts. For content providers, 'Protection of Deletion and Personalization' and hiding options are available for posts that users don’t want to be publicly viewable.
Device Optimization: What FORESTING offers is a fresh network that combines people's lifestyles and income into a single mobile app. This makes it very simple for FORESTING users to share and influence their content anytime and anywhere. FORESTING will be designed for the users to share text, images, and videos easily. People can comfortably write comments, send messages, and navigate chronological feeds.
Major Categories for Social Media: Majority of the social media related to the blockchain, including Steemit, focuses on precise categories such as ‘blockchain’, ‘ICO’, and ‘Cryptocurrency’. Given the concentration of precise categories, and only having about 1 million users, Steemit is more like a community service, rather than a real social media platform like Facebook, YouTube, and Instagram, that all have more than a billion users. In order to be a real social media platform, rather than a community platform, FORESTING is focused on major categories, ranging from lifestyle to beauty, entertainment, and so on.
Supports all Forms of Content: FORESTING provides users with the greatest security and privacy system possible with the use of blockchain technologies. One of the key components of blockchain technology is that it does not have a broker. The block is processed into a block after the encryption process, including the transaction details, transaction summary, and block information from the previous transaction. The encrypted block contains a full list of transactions and blocks until the last minute, making it look like a chain
Strengths
The FORESTING Network boasts the following strengths:
Synchronizing Preferred Exchanges: While targeting worldwide services, FORESTING aims to make it easier for its users to monetize their contents. For this purpose, we will display the present coin market instantaneously in the app. In conjunction with the global main exchange offices, we will make it easy to exchange coins from anywhere. For this purpose, a link button for the country you are referring to will be installed at the bottom of the page, and decentralized voting and messaging will be implemented for community-based developments and projects. FORESTING will permit network transaction fees to be paid with custom tokens. Orders must be sent to the next decentralized exchange where these transactions are exchanged with the main network tokens.
Masternode Based P2P Transactions: By default, the platform opens not less than 10 coins per user and after opening, that is when you can update them. An RPC module is provided to access each coin. It provides fundamental operations and master nodes for node operation. These master nodes, or wallets, can be linked to FORESTING by payment channels, state channels and so on. FORESTING Dex enables the sale of PTON tokens and creates a system for collecting current market information. This enables the sale of general, split, tender, and split bids without polling. For this reason, we will use the tools to close deals, push notices, and push notifications, social networking services, email, etc., and can use various types of transaction history and statistical queries. It also enables the use of group chat rooms using zn-SNARKs libraries and provides messenger services for user transaction-related inquiries and discussions.
Coin Shooting (Donation for Content Creators): In addition to helping other users through the 'Like' button, users can also donate the PTON token by tapping on the 'Donation' button under the post. This feature can also be seen as one of the ways to send a FORESTING token directly to other users. The donator could use PTON he or she already owns or buy PTON from preferred exchange platform in which PTON is already listed for the donation.
Open Market for Advertisement: In conventional social media, a company operating advertisements and campaigns accesses and uses the users’ databases through certain marketing tools. In FORESTING, advertisers and advertising agencies can upload their advertisements and advertising proposals to the advertising pool category or communicate with content providers that meet their respective articles and concepts. Content creators will be rewarded through the interaction of other users with their content such as comments and ‘Like’. They can also select the advertisements they want and post it on their content pages for rewards.
Purpose of FORESTING Bank Establishment
At the heart of the FORESTING Network is the user. In addition to providing content, users also contribute to the increase of the platform with various types of content. Users may no longer depend on advertising companies and centralized platforms to directly exchange their content for real value. And as the influence of the FORESTING platform continues to grow in society, ‘Influencers’ will start to appear just like they did on YouTube and other platforms. While major social media influencers on YouTube, Instagram, Twitch, and Afreeca TV, have been known to generate millions of dollars yearly, it can only be applicable to a little amount of popular influencers. Majority of the people who work with professional influencers are self-employed, excluding celebrities who work with huge business and entertainment companies on their backs.
Furthermore, they are not considered to be ordinary jobs by conventional banking systems, in which they cannot get encouraging credit ratings. This is because they are subject to an independent credit rating despite their economic activities which can lead to a negative credit rating score which means they can’t perform regular financial activities like getting loans. Talented creators encounter a lot of pressure to buy expensive equipment. In addition to spending time creating content they should also make these investments to keep up with their competitors. To solve these problems, FORESTING Bank will provide a digital banking service that is available to anyone who uses FORESTING. It provides personalized financial services for content creators that contribute to the growing platform and community. By doing so, the content provider will be able to focus on creating his/her own content, and the distribution of good content will make the FORESTING network more influential.
Digicrypto Bank “Digital Bank + Crypto Bank”
Challenges to Traditional Banks: It is a well known fact that traditional banks are conservative. Current changes have also been made to these banking institutions. There has been the establishment of new overseas transfer services and security systems based on blockchain technology with traditional financial institutions and FinTech companies, document notarization, and mobile optimization activities, including consideration of the user's UX & UI. Financial innovation has been happening throughout the industry, such as finding ways to make improvements on the SWIFT system with blockchain technology, which has been slow and expensive for overseas transfers since 1973. In addition, there are compelling examples of global bank start-ups offering most of the financial services traditional banks provide through non face-to-face services, rather than simple financial services. FORESTING Bank makes use of its innovative digital banking model which deviates from the traditional banking system and is based on the needs of its clients and of the digital bank's middle code, which is a blockchain based financial service. FORESTING Bank will provide a non face-to-face financial service that extends directly to the Internet, PCs, and even smartphones, which would be applicable with existing digital banking services. To achieve this, the FORESTING Bank has come up with a new credit rating model.
Traditional Credit Rating Method: The current CSS Credit Evaluation Method predicts the customer's ability to repay their financial statements by viewing and grading the customer's financial history to provide information to financial institutions. Therefore, if CB does not have financial information data, financial activities such as loans and credit card issuance are restricted as new users cannot be assessed, even among customers with good repayment ability. While the Financial Supervisory Service and the Financial Services Commission present various methods of supply such as warranty insurance related products, the actual situation is not well modelled as it lacks the most important credit assessment information.
FORESTING Bank Credit Assessment Method: In addition to promoting credit rating through social activities, FORESTING Bank will initiate a credit rating structure according to its contribution assessment model, which only evaluates FORESTING platform contributions from FORESTING users. Every FORESTING user contributes to the growth of the FORESTING platform in different ways, ranging from creating and sharing, as well as writing comments and viewing. Since the FORESTING platform's blockchain technology offers the benefit of complete transparency through a highly integrated structure, all submissions and transactions will be displayed on the blockchain through timestamps. The FORESTING Bank collects the data shown on the FORESTING blockchain to measure the degree of connection, content creation, coin security, and the contribution to FORESTING’s growth.
By doing so, the users who have opened accounts through FORESTING Bank can check their platform contributions at any time, and can raise funds required to create content. In fact, FORESTING will convert this into a credit rating assessment based on the creation of values for users rather than on a traditional credit rating assessment based on the financial histories provided by the traditional banks. Users can advance their credit ratings just by using social media, and can have an astounding experience with greater economic potential. Based on this, FORESTING Network will provide financial services that all users will be able to get access to, anytime, anywhere. In particular, the financial services offered by existing banks are based on income, money transactions, and credit ratings.
PTON (phytoncide) Ecosystem
The early FORESTING system was built on the Ethereum network. As the project advances, 24 billion PTON Tokens will be exchanged with the mPTON coins at a 1:1 rate after the mainnet launch. FORESTING Bank and PTON credit, which is a credit evaluation standard based on the platform contributions that are connected with content creation and curation, will operate Token Economy. Prior to the FORESTING mainnet launch, the rewards for content delivery until beta testing and operation of the super node are managed through the PTON Token payment assigned to the Reward Pool in Token Distribution. In addition, FORESTING conducts projects faster, more efficiently and more fairly through the board program that encourages participation by third parties. In this regard, the value model to be covered in this sector is an evaluation model for the FORESTING network mainnet launch, the factors for the development of the PTON value model is as follows.
Factor (a) above is mPTON, which is exchanged at a 1:1 ratio with 24 billion existing PTON tokens while launching the mainnet. Afterwards, about 6% of coins are to be issued each year. As a result, (c) 4% of annual return (b) 6% is paid to the content creator and the voting participant, and (d) 2% is paid to the FORESTING network.
(a) = Number of Issued Coins at the Beginning = X = 24,000,000,000
(b) = Annual Return = Inflation Rate = Approximately 6% = (c) + (d)
(c) = Content Rewards = 4% (d) = Supernode Rewards = 2%
Many blockchain projects are presently underway with PoS methods. In most projects, yearly return is set to between 0.5% and 8%. In addition, the total amount of coin flow slowly grows over time. But the amount of tokens issued on a regular basis would be similar or equal in each time period, so the compensation paid to the Supernode operator is gradually reduced. However, to maintain the yearly return 6% rate, the FORESTING network will increase the absolute publication amount in the same rate. For this reason, in a year after the mainnet launch, the total volume of PTON will increase by 6%. However, in 5 years the total PTON value would not increase by 30%, but by 34% from the initial point of entry.
Voting System
In social media services, service users try their best to share their views about a specific issue in the decision-making process. The network can give users the right to vote and collect opinions effectively. The Forrester voting system combines voting rights and tokens into a pattern for collecting opinions. In Voting Token, the voting rights can be either the token itself or a number on the network. The decision target through PTON CREDIT reflects the opinions of the users of the network from the symbol marking of all content, such as community posts. For the results to reflect the opinions of the network, it is imperative to limit the malicious behavior and to engage many users in voting. In order to encourage users to take part in the vote, in addition to participating in the decision-making process, the compensation reward proportional to the PTON CREDIT is distributed. It also connects directly and indirectly with PTON CREDIT and PTON, which is also linked to the increase in the value of tokens in the network.
Technical Architecture
FORESTING is made up of five main layers. The bottom layer consists of the Blockchain Toolkit for providing basic blockchain services like block formats, algorithms, networks, databases, users, and permission management services. The Blockchain Toolkit enables rapid, proficient multi-transaction processing, which allows users to anticipate high availability and low latency. FORESTING Core is the layer that is in charge of key business logic implementations, account rights management, reward distribution algorithms, community platforms, and advertising systems. The Universal Application Programming Interface (UAPI) provides third-party developers with APIs for content creation, evaluation, and user management so that they can create their own layers of development on any platform with development capabilities. Software Development Kit (SDK), Plug-ins, Sample Applications, and Development Documents support developers and users that want to build their own content platform.
The content platform that is based on the FORESTING Network is at the top. All types of content formats, such as text, images, audio, video, and live broadcasting, can be made available with a content-oriented incentive platform supported by the FORESTING Network. The first version of FORESTING will be launched on The Ethereum network, which is the largest blockchain platform. Ethereum facilitates the development of a decentralized app (DApp) which operates on blockchain by using its own Ethereum Virtual Machine (EVM). DApps are mobile-responsive and completely compatible with existing major blockchain ecosystems. Ethereum merges a modified Bitcoin infrastructure with the Ethereum Virtual Machine to provide an ecosystem that can leverage smart contracts and private contracts over a transparent blockchain. The second version of FORESTING will have its own mainnet using EVM. By using its own mainnet and EVM as a substitute for social media, we will build our own blockchain ecosystem that complies with EVM and solidity standards.
Security and Protecting of Personal Information
The storing and appropriating of personal information is very crucial for a variety of services but there are numerous incidents that are connected to personal information extraction from personal information and big data. In order to provide services related to the blockchain, a certain amount of personal information can be obtained but since the blockchain is a public ledger, personal information cannot be stored in the blockchain in any way. While the encryption of the block chain itself is outstanding, it’s impossible to store personal or sensitive personal information that can identify an individual. FORESTING will merge new perspectives of technology to solve security and personal information problem which depend on loadmap. FORESTING is an absolutely new technology implementation that, for the first time in a blockchain ecosystem, will provide fundamental security and information protection technologies using the principles of physical phenomena.
Certification FORESTING will use the authentication method in a Subscribe-based mobile communication environment. This authentication method should be considered to be the core of user's information protection technology. Presently, GSM is the representative mobile communication system in Europe and IS-95 in the United States that authentication parameters and global roaming service support. The following will explain the authentication requirements of the next-generation digital mobile communication system through an analysis of authentication threat factors and authentication methods in mobile communication. Certified objects are those processes that are executed either in a person, using a part of equipment, or a computer system in an information communication network. One may indicate their identity during the certification process and assert themselves as the applicant. The other party who verifies that the claim is legal is the verifier. The authentication can be performed by the information exchanged between the applicant and the verifier.
Token Distribution
Token will be distributed as follows:
Conclusion
As of 2018, there are about 3 billion active users on social media, and the number keeps growing day by day. Social media has changed the world and sparked the start of a new digital economy.
Popular social media app services, such as Facebook, Instagram, Pinterest, SnapChat, Twitter, and LinkedIn have some familiar features that are drawing attention from a lot of people. With the user experience and behaviour in mind, this type of contents has been one of the most successful concepts for social media and has promoted the growth of mobile app services and smartphone use. FORESTING is a social media service that uses blockchain and allows user’s who write articles and create content to like other users’ posts. Users who receive likes are rewarded with tokens in the network, and viewers who vote will receive curation rewards. FORESTING is the platform's revenue chain that lets users quantify the content provider's contribution to offer rewards by means of a distributed consensus method.
FORESTING, which will open a new world, is a combination of 'Forest' and 'Networking', 'Connecting', and 'Interacting'. The platform will be able to augment the competence and impact of content providers by enabling them to generate new, faster content than conventional social networks. The platform will create a new ecosystem for social media through blockchain technology and a new concept of social media token operation. FORESTING is designed to build a network by distributing income though reasonable content generation and on the assessment of the users’ content. It supports all types of content, whether it is text, images, videos, audio, or live broadcasting, and provides a social network based on a content-oriented rewarding service.
Website: https://foresting.io/
Whitepaper: https://forestingnetwork.com/whitepaper/FORESTING_Whitepaper_Eng_Ver.0.92.pdf?ver0.2
Twitter: https://twitter.com/foresting_io
Facebook: https://www.facebook.com/forestingHQ/
Telegram: https://t.me/foresting_global
Instagram: https://www.instagram.com/foresting.io/
Linkedlin: 
Medium: https://medium.com/foresting
Youtube: https://www.youtube.com/channel/UCGgXs74rn_BuE90CH1qYBPA
Published by Cryptowin1
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