Introduction
The present world today has gotten so advanced that we almost have technologies in every affair of human endeavours be it in the health systems, finance, sports, e-commerce, social media etc. All these technologies are in one way or the other built to make life easy and convenient for humanity. With e-commerce buying as well as selling is made easier while with social media networks, connecting with friends and families from anywhere in the world is made possible as well.
Therefore there is no doubt to say that, in years to come, the newer generation will meet a more advanced technology which will help them as well.
However irrespective of the amazing things these technological platforms offer there is one prevalent issue within them and that is the issue of privacy be it in data or otherwise.
Using the social media platforms as a case study, It is no longer news that social media platforms can access users data without their permission thus making money off it while the user in question has little or no idea what is going on. In addition, the growing use of users data by this current platforms in the world can be attributed to their centralized nature wherein all data is stored on a central server with the owners of the platform having all access to them the way they want. Another issue in current social media platforms is the growing rate of fake news and faceless accounts or actors which can be used to perform all manner of ill activities such as spreading of Inadequate contents etc.
Like earlier stated, there are many technologies in the world poised to help humanity in different ways and one of such is Blockchain Technology. Blockchain technology is unique owing to one of its prominent feature known decentralization; with decentralization users in any blockchain platform have control of their data, therefore, deciding what to do with.
With this in mind, imagine a social media platform built in a unique way while leveraging blockchain thus ensuring that users have total control of their data, yes your guess is correct, the unachievable will be achieved; this platform is known as VID.
KNOWING VID
Vid is a platform built by a team with relevant experience in blockchain, AI and social media. Vid leverages AI and blockchain to build a one of a kind social media platform which will help users remember their memories while monetizing it as well.
As the name goes "VID" it is derived from three ideas which led to the development of the platform;
a. V: Which stands for Video centric social media platform where videos are auto-generated at the same time AI is used in video editing.
b. I: Which stands for Income, that is to say, users can earn by monetizing their memories.
c. D: Which stands for Data, in this case, users are the master of their data, deciding which data is private and which is public. Also, via the use of zero-knowledge encryption, users can control what Vid platform in question will see.
Furthermore, owing to its way of keeping a competitive advantage Vid aims to solve the problems in current social media platforms which will, in turn, make the platform valuable. Therefore in the case of data manipulation or lack of data privacy, Vid will develop a "user private journal" which uses zero-knowledge encryption thus securing every data of the user. The reason for zero-knowledge encryption technology is that it has been proven to be the safest method of cloud storage.
On the other hand, in the case of fake news and bad actors, Vid will use an account verification method where no iota of manipulation can take place (one might sense the presence of blockchain here). Through this way, Vid will be able to preserve memories through videos; in addition, to have access to any public account in Vid platforms, the users will be verified first.
WHY VID STANDS OUT
- Owing to the technologies within Vid, it will be able to offer users a platform which will be a memory media platform where it will be easier to search for their memories using a search address bar.
- The team behind Vid aims to build their platform to be cloud-based and calendar centric hub where users memories will be stored perfectly thus making it possible for users to remember all their memories for every single day.
- With blockchain, users memories, data etc will be secured as blockchain is immutable, while with AI it will be possible for users to auto-tag, edit and produce beautiful videos from their memories so they can share with friends and families. On the other hand, Vid offers users the opportunity to monetize their memories via sharing with an advertiser, in this case too blockchain is used to ensure adequate transfer of value.
- Vid as a platform will have no access to users data nor see their private journal memories owing to the presence of zero-knowledge encryption within the platform, therefore only the user who created the memory will be able to see it.
CONCLUSION
Vid will operate as a freemium business platform at the same time by leveraging blockchain means it will have its own token or cryptocurrency with a ticker VID, which happens to be a utility token. VID token has a total supply of 5 billion and is used for the transfer of value within the ecosystem; since blockchain is involved all transfers is done in a transparent and trustworthy manner.
Vid surely stands out from other platforms owing to its way of ensuring users earn within the platform while using the VID token earned to pay for services. Also where other platforms utilize users data for their own good, Vid gives users the opportunity to monetize as well as connecting directly with advertisers.
VID Token Sale Information
VID's token sale is live, visit the website for more details: http://1milperday.com
To know more about VID token sale, checkout the article: https://medium.com/vid-foundation/why-would-you-want-to-buy-vid-tokens-2793940e770c
PLATFORM LINKS
Telegram: https://t.me/Vid_app
Website: https://vid.camera
Twitter: https://twitter.com/vid_app
Instagram: https://instagram.com/vid_app?igshid=15l7mhtfqf5d3
Medium: https://link.medium.com/y6gyXhAbjX
White Paper: https://t.me/Vid_app/50583
Writer: Emmy92
Well written and analysed.
A video social media platform, woow this is new.
If well developed, it will challenge status quo
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