Just like many other things, entertainment is also a great part of our life. Entertainments are sometimes the one that keeps many people energetic and enthusiastic. Over past years, the definition of entertainment has changed a lot. People before what used to like has changed into something greater that has created a whole new industry and a whole new level of entertainments. Entertainments are now a way to pass time and sometimes to keep happy. After a good change in the entertainment industry, the internet came along. It took the entertainment to the cloud or to a place where the entertainment became mostly internet based and made a huge change in the cost. Then came the blockchain. It is now spreading like air in the whole world. It has changed and disrupted many industries around us. The power of blockchain has attracted many people and people are still trying to utilize it in different places and just like that, the world was filled with blockchain and many industries are getting disrupted and changed. Just like many others, this is also a time for an industry to get disrupted.
Introduction to Slate
The Entertainment industry is big. The value of the entertainment market is more than 500 billion and growing. As the blockchain is spreading, eventually it was supposed to catch up with this industry. Slate is here to connect the entertainment industry connect with the blockchain in a way that would not only make the industry more valuable but also make more convenient for consumers.
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Slate is a blockchain based entertainment platform powered by crypto and the technology. Slate wants to connect the entertainment industry with the blockchain and not only that but also solve various problems that consumers face with the current industry. Also, as the blockchain is spreading the users of crypto has also increased by a significant amount. Sadly, there's really not many places where a crypto holder can actually spend their crypto and actually get something in return. Slate also wants to solve that by providing a real-life use of crypto and providing them the taste of every kind of entertainment available online. Blockchain is the core of Slate and it will help the whole platform to function in a different way
Current Industry and the Challenges
Our entertainment industry is mostly popular for its movies and series. On this side, the industry has seen enormous growth and the leader of this is the Hollywood, the USA followed by the China and Japan. It's a billion dollar market with a great number of users and increasing. When a consumer is here to consume some of the products of products of the entertainments industry, they first go to the internet as it is their go-to source. Many people are subscribed to various of these services and pay a fixed amount every month and then the came the subscription video on demand concept. It quickly became very popular and many industries started using this. That concept solved some of the problems that existed in the entertainment industry. Currently, some more challenges emerged. Some of them are described below
Imbalance of Power
The Subscription Video on Demand or SVOD is popular among content creators and consumers. Content creators are the core of the film industry. Bring that, they should be the one with the most power. Instead, the distributor such as Netflix is the one who gets the most power. Creators are often forced to agree on unfavorable terms and conditions including money with which they are not happy. The creators don't get the power to negotiate too much or have the power to alter many things.
Streaming
After the watching movies at the hall, the streaming of movies in mobile phone or tv or any other small screen is getting popular. For this, there are platforms with many films or entertainments one may wish to watch. All these streaming are very much centralized leading to the costs. Considering Netflix, the streaming cost is paid by Netflix themselves. The more one watches the more they have to pay. For this, they always calculate the watching time. The cost of this is very problematic.
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Strategy
Netflix is so far the most watched and popular platform for streaming movies and it's also filled with thousand of contents and increasing daily. If you look at their strategy, they have increased their content amount by 42% in the past year but the amount of profit that increased is only 24%. This kind of strategy is popular but not profitable so much.
Films are not only the source of entertainments for people. Concert, movie hall, they all require tickets to enter. Some of the problems that exist here are below
Price
Ticketing is required for various kind of entertainments. From this concept came the Electronic Ticketing. Basically buying tickets from the internet. There are many third-party platforms for buying tickets and offer the service. The problem lies in the pricing point. When buying tickets from online, they in a simple way, takes around 20% fee than the real price which is very much unattractive.
Security
When buying tickets online, there's also a matter of security. Electronic Ticketing means buying the ticket from a secondary source. And now, the ticket we are getting, there's no way to tell if it's counterfeit or the real deal. Yes, there's some machine to detect that but they are expensive. There's no way to find the authenticity and this leads to the risk of counterfeit and security.
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Fake Review
To ensure profit and popularity, many content creators often hire fake reviewers. There are popular sites for review and people always checks them before buying a ticket or watching it. The fake reviews might lead to profit but not to entertainment as fake reviews mean many people might not enjoy it. This is a serious problem.
The Solution of Slate
Slate has taken a good look at the whole industry and has pointed out some of the most disturbing and unwanted problems that exist in online films streaming and ticketing. Slate aims to solve both of these problems and make a safe place for both consumers and for the industry. Their solutions are described below
First of all, the streaming problem or the film industry.
The Binge Platform
The Binge is a blockchain based decentralized platform. Binge is a platform where content creators can publish their contents in a more favorable condition and give them the complete power, show transparency and profit. By using Binge, the content creators will be paid based on the success of their content. The creators will be fairly compensated for their contents they create. Also, for extra benefit, there will be a dashboard where content creators can see their status and help take a decision based on it. All of these will be based on blockchain technology.
Affordable
Binge service name will be Blockchain Video on Demand or SVOD. SVOD will use the blockchain, masternode and some other technology to reduce the price of everything significantly thus this will also lower the price of everything consumed by the consumer. Because of this, the end of month price will be way smaller than the other platforms.
Restrcition
Reaching global audience is quite a challenge for anything. For example, many films platform tools years to actually share their contents worldwide. But that problem will.no longer exists within Binge platform. As for being decentralized, Binge will be available to the whole world without any kind of restriction.
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Piracy
There are millions of dollar contents getting pirate every year and the amout is huge. Binge wants to stop to that. For Binge, they will use the ledger technology and this will help to prevent the piracy that exists. With this technology, it will be possible to track every single content that is being shared and transacted and sold and the data will e available all the time.
Secondly, the ticketing problems. Here's how Slate solves it
Slatix Platform
Slatix is Ticketing platform that will solve various electronic ticketing problems that people face. The first problem, the Price of tickets. With Slatix platform, one will be able to buy various kinds of tickets including concerts, films and more. But the fee will be almost as zero. Comparing with other electronic ticket services, Slatix will be the only one with such small fees. What Slatix is targeting is higher volume and transactions with small fees rather than big fees with small volume.
Counterfeit
Slatix will completely eliminate counterfeit tickets. Slatix will purchase directly the official ticket and sell them at a reasonable price. By creating a new token for each Slatix ticket, they are completely removing this from the system.
Bot
There are people who actually buy the whole amount of tickets for himself by purchasing them right when the sale starts and then he starts to sell them at 3X more price than the real price. To prevent this from ever happening in Slatix, they will provide some serious security for it.
• Advanced Verification
• Advanced Captcha
• Limited Purchase
• Questions only human can answer
By these steps, they will make sure to prevent any kind of bot behavior and unfair selling.
Review
Slatix will also solve the problem with films and other entertainments review. They will verify the reviewers for the reviews and make sure that the review is authentic and not fake. By contributing into this community, they will be rewarded with tokens for it. There will also be a level system that can earn some exclusive prizes.
These are some of the main features of Slate and how they will disrupt the entertainment industry. Some of the benefits of using Slate are below
• Easy film streaming and cheaper
• Better profit and platform for a content creator to monetize their contents
• Better Profit system for content creators
• Reduce Piracy for the entertainment industry
• Worldwide Reach
• Easy ticket buying system with a very small fee
• Trusted ticket provider
• No counterfeit
• Original reviews for entertainments
• Various rewards for using the Slate platform
Team
Roadmap
Token and ICO Details
Token name of Slate will be SLX and it's connected with the core of Slate. For buying tickets, streaming, contents, every transaction will be made in SLX Token. SLX will play a vital role in this.
Some quick ICO descriptions are below
• Token Symbol: SLX
• Token Supply: 9,500,00,000 SLX
• Token for Sale: 48%
• Token Price: $0.03
• Soft Cap: $20,000,000
• Hard Cap: $116,280,000
Conclusion
SLX services are very needed for the entertainment industry to grow. They have very good potential. And their service potentially will be very demanded. All in one, they are a great project.
More information about slate can be found here
Website: https://slate.io/
Facebook: https://www.facebook.com/slatecurrency
Twitter: https://twitter.com/slatecurrency
Telegram: https://t.me/Slate
Whitepaper: https://slate.io/SLATE_WHITEPAPER.pdf
My Profile:
BTT Username: Sakib0194
BTT Profile: https://bitcointalk.org/index.php?action=profile;u=1841935;sa=summary
Telegram Profile: https://t.me/Sakib0194
ETH Address: 0x8c26fD54c42B06593258b86b9D0F91CC9e5E64e5
Really cool. I really liked the ticketing part.
This is excellent. Their concept is really good. Good use of blockchain.