Wemark Review For Photographers, Content Collectors and Investors

Wemark is a blockchain-based system built for the purpose of digital content distribution. The goal is to implement a “distributed marketplace”, letting creators fully license their content directly to their customers. This is for empowerment of content creators and keeping them in full control of the intellectual rights to their own work.
By trying to stop the need for middle-men, they want to reduce the contents price, benefiting both parties.

The first use case introduced by wemark is in the field of stock photography. This industry is expected to go beyond a grand total of $4 billion by 2020. By implementing blockchain-based technology, the project aims to solve a some of the major problems present centralized solutions such as Shutterstock and Getty Images and are facing.
The absence of middle-men will help lessen the price of the final product for consumers, and photographers would be able to earn more from their work as Wemark promises to allow them to keep up to 85% of the sale price of their photos.
Since the Wemark Protocol is based off the blockchain of Ethereum, it promises a new level of transparency. All transactions and licenses will be registered on a public distributed ledger.

Why use Wemark

The current system for distributing digital content is broken and creators are not getting what they are worth for their content. Wemark’s distributed approach for digital content allows creators to keep all their rights to their content, know who licensed it and who controls its price.
Using Wemark platform make you immune uninformed fee changes and establish a standard royalty fee which can only be changed with the consent of all parties. Finally, there are various referral programs, where the community will be rewarded for sharing content and growing the number of users and adoption of distributed content market places.

Wemark Protocol

Wemark Protocol is a set of smart contracts created to empower a distributed exchange of digital content. The platform's immutable distribution agreements lets content creators relate with marketplaces in a fashion that works for both parties.
Automatic payment distribution is driven by the employment of WMK cryptocurrency, where users who want to license their content are paid according to a series of pre-set rules that are not controlled by the marketplace.

Advantages of Wemark for Photographers

• Because all the licenses are issued via the wemark protocol, photographers keep all the rights to their content.
• Wemark provides different pricing options and tiers. The content cannot be licensed without the approval of the photographer on price.
• The royalty payments for photographers is substantially higher (up to 85%) which is 5 times higher than the industry average.
• Wemark’s distributed marketplace provides transparency regarding licenses, payments, and revenue distribution. It also ensures the privacy of customers and takes care of license overuse and license violation.

Final Verdict

The distribution and monetization of digital content through the blockchain may generate good buzz among investors, especially from people interested in photography.
ICOs like this usually inspire that ‘David v Goliath’ scene, the little man rising against giant corporations, and winning.
Wemark gives photographers the freedom and satisfaction to share and monetize their craft, which is no mean feat, photographers may have spent a lot of years looking for an opportunity like this.

To Learn More About Wemark, Kindly Visit The Links Below;

Website: http://wemark.com/

Twitter: https://twitter.com/_wemark

Telegram: https://t.me/wemark

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