In our time, video content, it helps us to realize our goals, today I will tell you about a project that minimizes the costs associated with video content. Its creators have worked in the media industry for more than 20 years and know a lot about this area, so let's see what the developers offer to us and what are the advantages of this project.
Welt der Wunder TV is planning an ICO to construct a completely new blockchain-managed licence, trading and sales platform for high-quality video content, for the international broadcasting, VOD and online video publishing sectors.
The Welt der Wunder team and advisory board combines some of the deepest global experience to the MILC blockchain project. The resulting platform creates a video distribution system that makes all the main variations of contract law available in a user-friendly platform both for content owners and content buyers.
Through adding pricing guidelines, users are able to follow defined and accepted standards, while also having the ability for individual negotiations. For example, a platform has pre-installed volume discounts that follow industry
norms, so a user who purchases several hours from a provider receives relevant discounts. The guess work of pricing is taken out, giving purchasers and vendors clear pricing corridors based on the actual international standard at the time for the given jurisdiction.
A platform which automates the key contractual clauses is important, however, the platform will not succeed without the necessary reputation in the market. Professional media platforms normally only work with reknown providers and
distributors where high quality and delivery standards in a legally compliant manner is paramount. Less trusted providers sell content for which they do not have necessary distribution rights resulting in legal challenges for the TV broadcaster. The established position of Welt der Wunder as well as the advisory board of the MILC blockchain project has the necessary reputation in the industry and minimises risk for purchasers and vendors.
Customers will be able to do business directly with the owner or the producer of the media content with automated,
trust free security of blockchain regulated smart contracts. This eliminates a host of intermediaries and significantly reduces the price. Producers, owners, as well as other platforms that require content participate in this model equally.
The key advantages of the MILC – Blockchain distribution platform Smart contracts condense all relevant sales factors for vendors and purchasers resulting in legally compliant, automated execution.
The advantages for both sides are obvious:
Sales data of individual markets are up-to date and transparent providing pricing orien tation for producers.
The MILC blockchain provides the primary usage periods as template standards while leaving options open for
individual negotiations.The MILC blockchain provides transparency of usage types sold and those still available. This saves time for purchasers when deter mining the value of a licence.
The MILC blockchain provides transparency of existing sales allowing for second or third evaluation cycle purchases only.
The MILC blockchain and the Welt der Wun der founders have the reputation and indus try experience to minimise risks for purchasers and vendors.
The content owner selects the suitable smart contract for his sales objective and provides his content via an upload to the platform. His content is stored in the cloud and a working copy with a lower resolution is visible on the platform.
In order to obtain content, the end-user selects the content with the appropriate licence parameters from
the video library. The selected content can be paid with various cryptocurrencies (BTC, ETH…) and fiat (EUR, USD, CHF…). The integrated exchange API converts the cash flow into MILCs, which are distributed proportionately via
smart contract to the content owners. After successful payment, a further smart contract triggers the release of the content from the video content database and provides it to the end customer in real time.
The smart contract takes a flat fee of 10% of the turnover for the licence trading transaction. This is considerably
below current market without currently (repetition). The MILC product introduces a new form of distribution
mechanism to the multi-billion dollar video media market creating huge opportunities, massive potential for first movers and early adopters.
I think the project is quite promising and in demand, I advise you to look at it and study in more detail.
Website: https://www.milc.global
Documents: https://welt-der-wunder.s3.eu-central-1.amazonaws.com/ico/pdfs/ICO_WhitePaper_WdW_EN.pdf?cache=7
Telegram: https://t.me/wdw_milc_en
Twitter : https://twitter.com/MicroLicCoin
Facebook: https://www.facebook.com/MIcroLicensingCoin/
Bitcointalk ANN: https://bitcointalk.org/index.php?topic=2432428.0
My Profile Bitcointalk : https://bitcointalk.org/index.php?action=profile;u=1220142
ETH Address : 0x238BBaD7ccfa5Ff685783CF1d2Bc08C41f63556F