SLATE; THE ENTERTAINMENT CURRENCY

aaabossbaby (29)in #entertainment • 6 years ago (edited)

Film industry being one of the medium of entertainment with a very large audience of thousands of millions is an indispensable ecosystem with a stunning growth. The effect of the rapid advancement of technology is also felt in this ecosystem, as it transferred the ecosystem into an era in which audience no longer need to visit a cinema or make use of a television set before they can watch videos. People can now download videos online, and watch on their phones; what a great invention!

This advancement led to the need for the expansion of the ecosystem for more efficient use of the technology, therefore, there arose a new segment which is the Streaming industry. The essence of the streaming industry is to make videos available on the internet for the accessibility of the society. But the activities of this segment has created some challenges in the ecosystem; people now have to pay high charges before they can get videos, streaming industries now take full control over videos without giving the producers any bit of control over their works. The ecosystem has become opaque and centralized. This is what led to the inception of Slate Entertainment Group; so as to revolutionize the ecosystem.

Slate Entertainment Group (SEG) is a new technological platform which is backed by the blockchain technology, invented to bring about the revolution of the entertainment world; most especially the Film industry.

Slate will achieve the above mentioned aim by introducing decentralization into the ecosystem via the blockchain technology. This will bring about the accessibility of the society to vast volume of high quality videos at a lower cost and at a faster rate. The platform is made up of creators, producers and distributors who all be fairly compensated for every of their services. There will also be an increased rate of transparency in the ecosystem.

FEATURES OF SLATE PLATFORM

➢ BLOCKCHAIN VIDEO ON DEMAND (BVOD): this is the streaming section of the platform, it is called Binge. It has a decentralized structure which will give users access to videos of any kind with a very high quality and at very reduced cost.
➢ SLATIX: This is the tokenized ticketing section of the platform. It operates in issuing out tickets to various venues like cinema, sport event, concert, etc, to users. Tickets issued via this platform has a very high immunity against any form of forgery or manipulation. This system also enhance active and efficient connection between venues and customers.

Slate offers users an unrestricted and safeguarded access to entertainment contents, they also have a full privilege of making decisions pertaining to the contents with the guarantee of an adequate security.

SLATE CRYPTOCURRENCY

SLX token, being smart contract backed, is the main currency used by users on the platform in exchange for various operations on the platform.
Via Slate platform, here comes the era of an advanced, efficient and more incentivizing world of entertainment as streaming operations now become decentralized.