CBNT is based on blockchain technology. And it is a decentralized professional content sharing community. Also it is an ecosystem model of DPGC (Decentralization Professional Generated Content).
About Project
Facebook is the most popular social platform and 2.2 billion people are using around the world. When we consider about financial situation of the Facebook, most of the revenue is coming from advertising. Advertising is almost Facebook's sole channel of profit, so Facebook is actually an advertising company.
Facebook posts ads on content creator’s pages and content viewer’s pages and earns about 40 billion USD annually from advertising. None of the advertising revenue will be distributed to users and the content creators or viewers. They inject value constantly to this organization. However, this value is only owned by Facebook's shareholders.
CBNT Technology
CBNT will be built as a token economy system that fully complies with the rules of the free market economy; every individual who has contributed to others can benefit from it financially, thus solving the following problems faced by the traditional internet content ecosystems:
- Reduced content quality caused by the attention economy.
- Content creators spend time creating content and provide value for the platform while ultimately transforming their work for the benefit of the platforms' profit model.
- Content viewers and communicators can't share the financial value that the content generated.
Technical Feasibility
Although the development of blockchain technology is fast and is maturing, there are still many problems to be solved to fully meet the needs of the market and users. Currently, the biggest problems are transaction performance, transaction verification, and high transfer fees. The CBNT platform will realize corresponding performance based on the Ethereum system. CBNT will definitely have a large amount of token transaction data. In view of the fact that the Ethereum system still has defects in transaction performance and may not be suitable for high frequency transactions. We have decided the allocation of the CBNT token mining incentives will not be performed on the blockchain.
The distribution of CBNT will be divided into two stages:
Phrase I: The transaction of the CBNT tokens would be in a centralized form, so as to solve the problems of transaction performance, transaction effectiveness, and transaction cost, etc. When the users withdraw the token, the data would be processed on chain, and then realize the inter-transactions between the blockchains.
Phase II: We will pay close attention to the development of Ethereum system upgrades, Raiden network, lightning network technology, cross-chain technology, EOS, and other underlying chain areas, and will store the CBNT platform data in the blockchain at the appropriate time and with reference to thoughts of the community users.
Management Organization Foundation
The CBNT community will be managed by the GRANDDREAM FOUNDATION LTD., a non-profit foundation established in Singapore.
In the early stage, the Foundation will act as the operating entity of the CBNT community, focusing on the supervision of CBNT project development and the implementation of various tasks in accordance with the established goals.
The Foundation will gradually withdraw from the operation and management of CBNT, and CBNT will realize the autonomous operation of the community.
Check out more details:
Website: https://www.cbnt.io
Whitepaper: https://www.cbnt.io/whiteBook1.pdf
Congratulations @tharindualwis! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :
You can view your badges on your Steem Board and compare to others on the Steem Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOPTo support your work, I also upvoted your post!
Vote for @Steemitboard as a witness to get one more award and increased upvotes!