Wemark – developing a blockchain-based platform for a more convenient digital content distribution system through direct licensing from top artists.Digital media plays a big part in the online market and its industry continuously grows. It became so popular enabling digital media distributors to make a lot of profit out of it and expand their businesses immensely.
However, most of these digital media distributors take advantage of the contributors such as artists, photographers and content creators. With their centralized market, the artists who actually took the effort to create these pieces of art are left underpaid for their work due to the huge cut on their profits.
To eliminate this centralized system in digital media distribution, Wemark created a new platform, wherein, artists can directly license their content to customers and take full control of their rights.
Let’s take a closer look on what Wemark has to offer to artists and consumers alike.
What is Wemark?
The company aims to change the existing protocol of digital content distribution companies. Through the help of the blockchain technology, their new platform can provide a less complicated system for digital content exchanges and to provide more revenue to digital artists.
As for their First Use Case, their platform will be providing services for stock photography and help both photographers and consumers to get the value they deserve without dealing with complex roadblocks.
The Wemark Platform
In the Wemark Platform, all members will be able to take advantage of the following:
- Digital artists have full control of the value of their work and keep all the rights. In this platform, they can directly license their content to users.
- Abiding distribution agreements. After the contract between the artists and the users have been digitally signed, all paid fees and issued license are abiding. If in any case that changes are needed on the contract, the user and artist should both agree before finalizing the proposed revisions.
- Faster payment distribution. Incorporating the blockchain technology in this platform made payments to all parties more convenient and efficient. Blockchain-based smart contracts automatically process the payments based on the contract agreed by all parties.
- Artists will be given 85% royalty payment.
- Full transparency on payments, licenses and revenue distributions.
- Non-expiring credits.
- Up to date contents. Wemark will only curate recent and relevant photos. This will enable consumers to easily find the content they need.
- Since the platform allows direct transaction between artists and users, content prices are expected to be 50% lower than other stock photo companies.
- The entire community will be rewarded for bringing in new users.
The Verdict
All digital artists such as photographers exert their time and effort just to create perfect contents. And at the same time, consumers do not want to waste of time going through a pool of irrelevant results of digital contents. With the new platform that Wemark developed, both artists and consumers will be able to take advantage of its benefits. Artists will be able to have full rights and control the value of their work while consumers will have the convenience of easily searching for the item that they want.
And as mentioned above, the platform is blockchain-based, wherein, the system will be faster and much more reliable in processing transactions for all its members compared to other traditional photo stock companies.
So, it’s a win-win situation for both users and contributors. However, for this platform to succeed, Wemark should be very lenient in implementing all their security measures and in maintaining efficiency of the system. With these features in place, no doubt that this platform will invite more new members and make the community bigger.
To know more about Wemark visit the links below:
Website: https://www.wemark.com/
Telegram: https://t.me/wemark
ANN: https://bitcointalk.org/index.php?topic=3347524.new#new
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