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article imageBlockchain based digital content market launched

By Tim Sandle     Oct 8, 2017 in Business
Bratislava - A new software solution called DECENT GO (Beta Release) has been launched to allow users to upload, download, browse, buy and sell digital content. This approach enables entrepreneurs to sell directly to clients without an intermediary.
The aim of the DECENT GO platform is to provide a Google Play-like digital marketplace. The platform is built from blockchain-based stages and it is intended to allow digital content exchange and purchasing on a peer-to-peer basis. The technology comes from the DECENT company, based in Bratislava, Slovakia.
The decentralized system initially appeared as a desktop application in June 2017. To this marketplace functionality has now been added. The aim of the developers is to offer something that provides content producers with greater freedom and control over ownership and distribution, as well as an opportunity to obtain higher payments for their generated content. In terms of what this could mean for payments, DECENT estimates that each writer could lose over 30-75 percent of their profits when publishing with an established digital content provider like Amazon.
Amazon Prime Air Drone.
Amazon Prime Air Drone.
Amazon
This happens because the use of a peer to peer blockchain network means there is no reliance upon third parties. This permits generators of content to upload their own content. Once uploaded the user can then assign it to a category; add a description of the content; select the lifetime duration; and allocate the price together with intellectual property rights.
The company behind the platform - DECENT - state that the fee for each transaction will be transferred almost instantly into the user’s account, following the successful completion of each transaction. With many third party run platforms, payments are only made quarterly.
The initiative - DECENT GO – remains in its Beta phase and data and feedback is being collected from the first wave of people to use the platform. This data will be used to aid development. As an incentive for early users, DECENT GO’s wallet functionality includes a digital distribution via Digital Content Token. The first users who create an account on DECENT GO will receive 2.5 tokens. This is sufficient to test out the platform; to upload content; select seeders; and to download content.
According to the company’s founder, Matej Michalko, in communication to Digital Journal: “DECENT GO will help content producers overcome many of the issues they face nowadays in the entertainment and media industry.”
The technology developer adds: “There is too much artificial complexity and too many barriers in the industry affecting both the access to markets and income of the content owners”.
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