CONTENT PROTOCOL: A DECENTRALIZED MARKET PLACE OF QUALITY AND BETTER CONTENT POWERED BY BLOCKCHAIN.

Data has gained global dominance in the present digital content age.This dominance is seen in its contribution to the growth it has facilitated, particularly to the global economy.

The flow or movement of content generated with the aid of digital information systems utilized by various parties have proven to have successfully helped in modelling new business development, built formidable systems, given exclusive rights to ownership of businesses within a supply chain, and in general, created new economies.

Consuming content enriches people’s everyday lives such as
through watching movies and TV shows, listening to music and reading novels or comics. Content
has penetrated into every aspect of our lives and even influenced our core values.
Therefore, we always deserve to consume “better” content.

Globally, the data market is huge. Currently, the global data generated seats at 4.4 trillion gigabyte and by the year 2020, it is expected to shoot up to a 44 million trillion gigabytes.This statistics is overwhelming but bright with hope to accommodate the market. However, despite how encompassing these seem to be, it's shortcomings cannot be overemphasized as some of the content providers have already started to pull their content off
from the platforms and they are now trying to create their own platforms. Content Protocol therefore has been developed to be the major game changer in the content ecosystem.

WHAT IS CONTENT PROTOCOL?

Contents Protocol is a decentralized protocol to revitalize the premium content industry. Through Contents Protocol, content distribution platforms will be able to provide transparency to user data and insight to the content providers, which will help them create better content in the future and incentivize users for their activities and contribution, which will encourage them to become more active consumers in the industry. WATCHA, Inc. has been operating WATCHA and WATCHA Play for over 6 years in Korea and Japan and currently has 4.5 million users with 400M reviews. To speed up the expansion of the Contents Protocol's Ecosystem, the Corporation will launch an open source reference platform for each content category of TV, Music, Comics, and E-Books, reducing barriers for potential content platform operators to do business in the ecosystem.

Content Protocol on the other hand is a network that allows anyone to store structured and better content/data securely in a decentralized way on a blockchain.It is a network model that has been created to provide a basic income for everyone by allowing
them to monetize their anonymized data and content.

THE CHALLENGES OF CONTENT GENERATION

With lofty height and enormous contribution of content to the world, it has it has own shortcomings.Largely, humans are major player to content creation and collection through various media or avenues or data.However, it has been found that most content packaged are not very consistent or convey false information. The reason is due to inadequate analysis of data obtained and content produced.
This brings up with challenges associated with data and content analysis.

For instance, As an individual, your data is worth a lot of money yet companies obviously don't give incentive or rewards to those whose data was gathered and stored.

SOLUTION

To solve the challenges of content generated and stored, Content Protocol Company introduced the Content Protocol. Content Protocol project is the first of its kind, an innovation that employs blockchain technology and blockchain smart contract to offer solutions to the present challenges
With blockchain technology as regards content sharing and data storage.

Content Protocol Project aims to,

• Make individual data ownership the principal by putting them at the heart of the system.

• As a Decentralized content and data monopoly marketplace, Content Protocol seeks to make it accessible to user through it Reward incentive to individuals involved in data generation and content sharing.

• Authenticate content shared generated by providing 100 percent precision, security and accuracy.

• Content Protocol aims to offer cordial relationship between the individuals who collects the data and content and those who utilizes it. The use of the blockchain technology is to create a transparent platform for the individuals who own data/content, those who go out to source for the data and to those who utilizes it.

HOW CONTENT PROTOCOL WORKS

As individual takes the centre stage of the decentralized content and data market,they go out for high quality dataand package better contents and they get rewarded via incentives and motivation.

The data and content acquired will be accessible to companies or whoever want to make use of it on platform for whatever purpose to meet their request

In summary, the importance of better content in the digital age cannot be overemphasized. Therefore storage, security, accuracy and reliability of these contents and data is pertinent. However, with Content Protocol, a great innovation in the content marketplace sets in.

Content Protocol Project is an innovation that would offer a real world solution to this challenge by use of blockchain technology and its incentivize applications.

To learn more about the project check the useful links below

Official website = https://contentsprotocol.io/

Telegram Group =https://t.me/contents_protocol_en

Twitter page : https://twitter.com/contents_prtcl

White paper =https://drive.google.com/file/d/1OJizH-oS8yxJgO-RPnUKJQiU45bW4I_5/view?usp=sharing

Writer's information

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