Reputation Pays: How Blockchain Monetizes Human Capacity

in #blockchain7 years ago

Generating value is the key concept behind the Blockchain explosion offered in 2017.

BMCHAIN, a platform designed to monetize user experience and skills, has launched sales of its integrated token to bring paid media beyond the likes of Steemit and Goals.

Businesses, investors, users and regulators are all very aware of the potential value hidden in a product blocking services, and monetizing this value is creating the multimillion dollar industry overnight.

Channels to Capital - A specific form of value that companies and investors in today's Blockchain environment are especially interested in the numbers.

The main one is the ICO or the sale of chips. The presentation for hundreds of thousands of millions of chips in exchange for criptomonedas, has already paid dividends to buyers and sellers of times.

Longevity driven by the masses needs more than symbols

After so many ICO schemes, however, the industry is becoming aware that none of the chips are created equal.

Although technically it can be bought in an ICO scheme, it is not always possible. Limited availability has resulted in large chip holdings purchased by a comparatively small number of investors, who then have overwhelming market control.

As such, for companies looking for longevity, reputation is everything. As has been seen with ICOs from companies such as Civic, inclusivity and distribution essential for launching a well-balanced Blockchain business.

How else can a project last for years to take advantage of community involvement? This question is leading the provider to ambitious solutions that seek to outperform even their non-blockchain counterparts, who have no shared income.

First demonstrate that the model worked was Steemit, which since last year has paid users for sending content based on their "reputation" based on points.

BMCHAIN ​​seeks to "monetize any benefits"

As in all parts of Blockchain, however, things are moving fast. A new concept of a conglomerate of Russia and the Commonwealth of Independent States (CIS) called BMCHAIN, which already has more than two million participants, is trying to go beyond simple media exchange and literally monetizes everything a human being Be able to do.

"A difference of projects like Golos and Steemit," said Roman Moiseyev, co-founder of BMCHAIN. "Unlike projects like Golos and Steemit, we offer users a wider range of monetization tools, which can be used to write articles for comments, but also to tasks, attend and share experiences."

Generating value for just about anything is a daunting task, requiring the creation of an entire ecosystem, including a measurement system, the reputation system for talent, and multiple tools to attract users in the first place.

To that extent, the project has an advantage, with developer Biznes Molodost and enjoy an active business community of 200,000 in Russia and the CIS states.

The central concept is for users to change their "reputation" - which is calculated more through a specific formula - in cash using BMT chips, whose pre-ICO began on August 20.

"One of the unique options within the project will be able to evaluate transactions - the evaluation results will be used to calculate the reputation rate," explains Moiseyev.

"The digital reputation of each participant will determine the number of bonus chips charged by the system based on the results of their activity, so users will be able to find contractors based on the verified reliability and contract their services with BMT tokens."

Finally, BMCHAIN ​​will be a hub for the additional Biznes Molodost projects, which will communicate with the platform through an API.

Companies can also launch ICOs through the company's Token API scheme.

"Using the planned capabilities of our solution, any user, even those unfamiliar with Blockchain technology, gets a model and a fact specifically for their business: from the emission of a signal to the attraction of investments and the principle in the Exchanges," adds Moiseyev.

The spectrum of security and integrity

The enthusiasm behind Blockchain means that BMCHAIN ​​is unlikely to be missing out on interested customers. As with any great launch, however, the hazards of hay.

As Steemit demonstrated shortly after its launch, even more stagnant security can be separated, leading to loss of funds, private information and - essentially - reputation.

"The most important property of Blockchain technology intended to be used in the platform is the immutability of the stored information, which allows an immediate and precise evaluation of the risks associated with the transactions of the users, as well as the implementation of an automatic arbitration Cash with minimum time and financial costs, "Moiseyev continues.

"The well organized Blockchain architecture makes processing thousands of transactions per second almost free for users, while ensuring reliability and authenticity."

Security plans do have to be impeccable, as in the long term, the BMCHAIN ​​roadmap includes the development of an international payment system built in Blockchain.

"The project must be implemented in the business processes of thousands of entrepreneurs - at least 500,000 users connected to the platform only in the first year," Moiseyev predicts.

"The pre-ICO collected 1,506 ETH ($ 466,000 on August 16) during a market presentation, as well as about 245 ETH ($ 70,000 on August 21) on the first day of the pre-ICO itself.

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