Author: Isabelle Yeo
The Genesis C.A.T Global Roadshow officially landed in Seoul, South Korea, at 2pm local time on June 17th. This road show was another blockchain project summit following the roadshow in Tokyo, Japan, on May 27th.
On the day of the event, the GENESIS Capital delivered a total of 11 blockchain quality projects including Blockcloud, RRChain, DACC, Blockchain Database, EsportsChain (EST), Contentos, HashFuture, Charter, Proton, ENGINE and Genaro to explain the project overview and disclose the progress of the project.
In addition to exquisite projects, the road show attracted a number of well-known investment institutions including HASHED, GLOSFER, Nexus One, Hyperthm, and BLOCKCHAIN i. In addition, Upbit, Coineone, and Korea Exchange Co., Ltd. were invited to the site, and the Korea Blockchain Association provided in-depth support.
South Korea’s well-known blockchain opinion leaders and more than 150 Korean blockchain vertical users attended the event, as well as more than 30 well-known Korean media such as the Daily Economic News, South Korea’s Central Daily News, and Korean Economic News.
DACC is an excellent representative of both the vertical industry application and the construction of blockchain infrastructure. DACC is the world’s first decentralized content management content chain, and it is committed to assetizing and equity-based content in information networks. At the same time, DACC upgrades content information networks to value networks.
At present, we are increasingly aware of the centralization of content distribution channels: Although content on the Internet is still very colorful, access to content is getting less. The distribution channels of various contents are concentrated in the hands of a few centralized platforms. The Matthew effect is very obvious. The oligarchs formulate revenue rules for content creators and consumers’ consumption rules. We are manipulated by industry oligarchs but have no choice.
This monopolistic business model will bring about many problems:
Monopoly kills creativity! The platform plays a strong role in the transactions with most content producers. Only a few top authors have the opportunity to negotiate with the platform. Most people can only accept poor advertising repayment with the platform, and the platform will not provide too much exposure to the lesser-known content creators. Less exposure making it difficult for consumers to come into contact with music creators and video owners at the beginning of their business. Under the double disadvantages of insufficient exposure and low income, the content producers in the early stage of the business will quickly lose their motivation to advance and their creativity will be slaughtered.
Centralized platform benefits from user privacy violations! The centralized platform, especially the content dissemination and socialization platform, uses big data to provide further information and services based on personal life trajectories and consumer preferences. The highly centralized user data undoubtedly triggers the security and abuse of personal data. First, it is difficult for the platform to guarantee the tampering and leakage of personal data. Second, the ownership of personal data should be attributed to individual users. However, it is difficult for users to choose and understand the use of their own data in a centralized platform, for example, without the consent of the user. The platform sells or exchanges customer information data to third parties, and users are constantly harassed by advertisements and sales.
Unlike the centralized content platform, DACC has been focusing on how to make content producers more focused on their creation since the day they were founded, rather than being distracted by issues such as income, traffic, and piracy. The DACC uses most of the digital currency to reward and motivate content producers and promoters (fans), and attracts attention and consumption through the positive interaction of diverse communities.
In the model built by DACC, creators of content sell their works in a peer-to-peer model through blockchains. Fans spend money directly to the authors, and do not need a traditional platform as an intermediary. This model avoids the profit of the centralized platform for extracting content attention. In addition, users do not have to worry about privacy being leaked. The combination of content creation and fan groups creates an exclusive channel for communication and ultimately a stable community.
The greatest innovation of the DACC is the use of digital currency to reward content creators and fans for the promotion and dissemination of content. Fans support their idols by forwarding, publicizing, and helping idols gain greater influence, gaining higher attention and receiving digital currency rewards; The creators of the content have expanded their influence due to fan publicity, increased their value, and are more willing to listen to fans and create fans’ favorite content to give back to fans.
The two ends of the original consumption are linked together through digital currency rewards to promote the prosperity of the community. This kind of prosperity will attract more people to join the community and promote the appreciation of digital currency, thus It achieved the second increment of income.
DACC is committed to changing the production relations of the content industry, making the blockchain really used in the upgrading of the industry, and promoting the sound development and prosperity of the industry. Everyone has the opportunity to become the creator of content, gain their champions, benefits and partnerships in a fair and open creative environment; at the same time, DACC enables all consumers to enjoy higher quality content at a lower cost and in a safer way.
GENESIS C.A.T Meetup is a series of international quality promotion roadshows organized by the GENESIS Capital focusing on the development of blockchain digital currency projects. C.A.T. stands for Community, Assets, and Technology, the three most important topics in the blockchain industry. It aims to help the project achieve global landing and resource integration through project roadshows. It also gives the global market access to the highest quality projects.
GENESIS Capital is a venture capital firm focused on the blockchain industry and is committed to excavating the best quality early projects. At the same time, GENESIS Capital is also the first digital currency fund in China to deploy investment and post-investment businesses, providing long-term comprehensive post-investment services for potential projects and fund-funded companies in the market.