MEDIA Protocol
MEDIA Protocol is a platform that can directly compensate content creators for their work, without any middlemen taking a cut or collecting private data. The MEDIA protocol is not an app itself, but rather a software development kit that programmers can use to create decentralized apps; one has already been created using the platform.
The group has also released its own cryptocurrency, the MEDIA token, which will serve as the sole currency used in the ecosystem of apps built using the platform.
Team Behind the MEDIA Protocol
MEDIA Protocol is the work of a moderately large team of sixteen employees. The team is relatively young, but many of them are highly accomplished programmers with remarkable educational backgrounds. Much of the team also works for Codec.ai, an artificial intelligence company that has already developed several powerful platforms for the marketing and communications industries.
MEDIA Protocol's project has not yet gained much coverage from online publications, and the group has no presence on social media aside from a Telegram page with fewer than 30 followers. However, this is reasonable considering that the company is still very early in its roadmap; the platform is not due to be released until the second quarter of 2018, and even then it will still be under development for at least a few more months.
Though the company still has a low profile online, representatives are currently presenting the platform at several conferences each month all around the world.
MEDIA Protocol's Technology
MEDIA Protocol's actual product is a software development kit designed to easily create the back-end architecture for decentralized apps meant to share media, including videos, music, or text.
Content creators can directly publish their work, and earn profits from users if they set up a subscription or paywall feature, or from advertisers who gain exposure through the traffic they draw. Users can also earn tokens for their participation, either as a reward for distributing content across their social networks or from advertisers who choose to pay for their attention. Ultimately, each app that implements the protocol will differ in both its reward system and its content.
The first app developing using the MEDIA Protocol is called CryptoCatnip; an early version is currently available on both Google Play and iTunes, but it will not be fully functional until the MEDIA token is released. The app is entirely devoted to cryptocurrency news.
The platform will also include a Content Recommendation Server, which will leverage the team's existing talent with artificial intelligence to connect users with content they'd likely be interested in. The system sounds remarkably advanced, using not only tags and keywords but a sophisticated engine that can analyze content to determine its topic and themes.
All of MEDIA Protocol's work is open source, so users can analyze the code for themselves to verify its security and stability.
Product Details
MEDIA Protocol's work will be published on GitHub, so software developers interested in using it to create an app will be able to access it for free. The organization's website and publications make no mention of licensing fees.
The group states that its MEDIA tokens will be sold in an ICO, beginning with a private sale in the first quarter of 2018 and progressing to a full sale one quarter later, but neither its website nor its publications offer any details about the sale's date, prices, or know-your-customer measures.
The only information offered about the token is that it is ERC-20 compliant with its own blockchain, and that addresses can be saved within the platform for seamless transfers.
The Verdict For MEDIA Protocol ICO
The MEDIA Protocol system presents an interesting idea, but several similar platforms are developing simultaneously that it will need to compete with. Furthermore, the organization currently provides frustratingly little information about its ICO, and it appears that it may be falling behind on its published roadmap.
The team behind the MEDIA Protocol project is remarkably accomplished and holds great promise, but their platform's success will ultimately depend on the enthusiasm and creativity of developers, and users' willingness to embrace its internal cryptocurrency.
Advantages
The media Protocol ecosystem is designed to provide:
Thus, MEDIA Protocol is a set of rules that are aimed at regulating the exchange and transfer of information between different devices. And these rules are aimed at the settlement of all participants in the marketing and advertising industries, building between them a special stream of value. Through the use of Blockchain technology, MEDIA Protocol will be able to provide transparent, safe and valuable relations between the media and users, allowing to demonstrate the visual advantages of this system for all creators, inventors and consumers of content.
Token Details
WHITELIST
19 MAR 2018 - 31 MAY 2018
PUBLIC SALE
19 MAR 2018 - 31 MAY 2018
TICKER
MPT
PLATFORM
ETHEREUM
COUNTRY
GIBRALTAR
ACCEPTING
ETH
RESTRICTIONS
UNITED STATES (TOTAL RESTRICTION)
CHINA (TOTAL RESTRICTION)
HARD CAP
15,000,000 USD
KYC REQUIRED
YES
Milestones
1
Q1 2017
Idea & Research.
2
Q4 2017
Whitepaper.
Smart Contract
Development.
3
Q1 2018
Business Paper.
Security & Audits.
App Launch.
ICO Private Sale.
Test Net Launch.
4
Q2 2018
Main Net Launch.
ICO Public Sale.
Publisher Platform.
5
Q3 2018
Advanced
Analytics.
SDK/API
Integration.
Conclusion
Thanks to the bright idea of monetizing its own content, MEDIA Protocol will allow all consumers, content creators and publishers to create a new economy in the field of media. Using the internal architecture of the decentralized application, each participant will be able to receive tokens for the content, as well as directly for the maintenance of the consumer’s own content. No matter what kind of content it will publish, it will be video, audio, image or text. This Protocol will allow more control and understanding of the whole process of creation, distribution and consumption of content. I think this project is very interesting and promising. Therefore, I recommend that you study the concept of this project in more detail
for more information:
https://www.mediaprotocol.org/
https://www.facebook.com/MEDIAProtocol
https://twitter.com/MEDIA_Protocol
author:
BTT username: rivaldo2020
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