CryptoCoinPrediction.com is not responsible for the article’s content or accuracy and may not share the author’s views. News and research are not personal recommendations to deal. All investments can fall in value so you could get back less than you invest.

============

Centralized Revenue, Growth in Online Content and Blockchain Solutions

At present, the global media and entertainment industry – including film, TV, radio, music, news, and literature – is valued at around $2 trillion USD. That’s a lot of green by any measure, but the sector is currently experiencing changing dynamics that could potentially up-end the entrenched traditional aspects of the industry: centralization of content, control, and distribution being the main ones.

The disruptive power of the Internet and the exponential growth in online paid content is already a reality, and while most entertainment providers survived, others fell (we loved Blockbuster while it was here). While online content and improved technology have brought cinema-quality viewing into people’s homes, the next great disruptor is shaping up to come over the blockchain network, where decentralization and democratization of content and revenue are set to take things a set further.

 

The Present Day Centralized Revenue Model

Walt Disney, Fox, NBC, Time Warner… these are household names and have been for decades. And for good reason too: combined, the major production houses contribute $632 billion to the US economy annually. Aside from receiving the lion’s share of the US domestic entertainment and media market revenue, these producers share the largest proportion of the global market worth as well. Other industries are growing around the world, with the second and third largest being in China and India, but their proceeds still pale when placed in the shadow of the American establishment.

 

Online Content and Shifting Trends

Improved technology, including HD, 4K, Smartphones, and tablet devices have been fully utilized by online streaming platforms. YouTube, NetFlix, Amazon Prime Video and Music, Hulu, HBO Now and others have quickly become household names everyone recognizes. The majority of the large producers have adapted to the market change, but it has been a struggle with broadcast TV under considerable threat. Some have made the jump to paid advertising as their main revenue source through using big data to monitor consumer habits online, and deliver targeted ads. Estimates place ad spending per company at $73 million for smart devices alone in 2018.

Only A Part of the Trend Shift

Naturally, those who lose out under the traditional model are the content creators and to an extent the traffic drivers. Not to mention end-users paying increasingly greater subscription fees to access content. The middleman has become so second nature (creator – distributor – end user) that it is difficult to imagine media and entertainment without one.

If online content and improved technology have effectively made broadcast TV a redundant service, then the application of blockchain technology removes the need for a middleman to distribute content. This effectively connects creators directly with end-users. Take YouTube as an illustration of the current dynamic. Research shows that breaking into the top 3% of views a month (1.4 million views plus) equates to a meager $17,000 a year. Considering the phenomenal effort to first create the content, and then actively grow and nurture the follower base, the question begs: where is the revenue from ads mainly going? Clearly, transparency is lacking.

 

A Decentralized & Democratic Blockchain Solution

Enter the BUCKY House (BUCKY) platform. It takes the core principles of blockchain technology (transparency, trust, participation equality, and decentralized distribution), and applies them to entertainment and media. BUCKY House provides content viewers and creators with the freedom to view and distribute content directly without the need of an intermediary sitting on top, scooping up revenue.

If you are interested in creating and promoting your great content, then visit us today to learn more about our platform. Likewise, if you love viewing great content, and love paying less for it even more, then visit us today to see how BUCKY House works for you.

Everyone is welcome to participate in the BUCKY Coin (BUCKY) token sale and contribute to the development of the platform. And when we say everyone, we really do mean everyone.

“Skip Ad in 5 seconds”? We don’t hear that phrase over here!

www.buckycoin.io 

Related Posts
CryptoCoinPrediction.com is not responsible for the article’s content or accuracy and may not share the author’s views. News and research are not personal recommendations to deal. All investments can fall ...
READ MORE
The first phase of the KitToken ICO underway after successful pre-sale
CryptoCoinPrediction.com is not responsible for the article’s content or accuracy and may not share the author’s views. News and research are not personal recommendations to deal. All investments can fall ...
READ MORE
CryptoCoinPrediction.com is not responsible for the article’s content or accuracy and may not share the author’s views. News and research are not personal recommendations to deal. All investments can fall ...
READ MORE
Introducing Catholic Coins: an Ethereum Decentralized Cryptocurrency that Fosters Global Charitable Donations
CryptoCoinPrediction.com is not responsible for the article's content or accuracy and may not share the author's views. News and research are not personal recommendations to deal. All investments can fall ...
READ MORE
idap.io is an upcoming International Digital Asset Platform(IDAP), where one can access the diverse trading and investment instruments to participate in the ever-growing cryptocurrency market.The design of IDAP platform is ...
READ MORE
 CryptoCoinPrediction.com is not responsible for the article’s content or accuracy and may not share the author’s views. News and research are not personal recommendations to deal. All investments can fall ...
READ MORE
Most employers and recruitment agencies today are using social media to source the right candidates, which means that people usually choose it as the part of their job search strategy. ...
READ MORE
CryptoCoinPrediction.com is not responsible for the article’s content or accuracy and may not share the author’s views. News and research are not personal recommendations to deal. All investments can fall ...
READ MORE
Arctus a decentralized wallet and an exchange application.
CryptoCoinPrediction.com is not responsible for the article's content or accuracy and may not share the author's views. News and research are not personal recommendations to deal. All investments can fall ...
READ MORE
India, June 1, 2018: Prandex, a fast-growing cryptocurrency exchange based out of India, this week excitedly announced that their platform has gone from regional to global.Presently, Prandex offers 50 high ...
READ MORE
How to mine Zencash
The first phase of the KitToken ICO underway
Who is going to win? Banks or new
Introducing Catholic Coins: an Ethereum Decentralized Cryptocurrency that
Introducing idap.io: Transforming Crypto Asset Market
KYC technologies in Banking: Fast and Secure
How to Find a Job: Blockchain Vs Social
Those who keep forgetting passwords: Blockchain is here
Arctus a decentralized wallet and an exchange application.
Prandex, the Indian Crypto Exchange Platform, This Month

Previous ArticleNext Article

Leave a Reply

Your email address will not be published. Required fields are marked *

W.

What does it take for Bitcoin to achieve mass-adoption?

CryptoCoinPrediction.com is not responsible for the article’s content or accuracy and may not share the author’s views. News and research are not personal recommendations to deal. All investments can fall in value so you could get back less than you invest.

What does it take for Bitcoin to achieve Mass-Adoption?

The biggest obstacle for Bitcoin right now is, that so few people use Bitcoin. But why do so few people actually use Bitcoin from a day-to-day basis? Well, the answer is, because so few people use Bitcoin. That might sound a bit confusing right away, but I will explain myself.

Bitcoin has the obstacle to overcome, same as Facebook. Facebook became so valuable, because literally every friend of yours, and their parents where using it. If no one used Facebook, then I really doubt it would be nearly as valuable to humanity as it is today.

The same exact thing also applies to Bitcoin. What makes money valuable, is the fact that you can pay anybody for anything with it. Good luck paying your local supermarket in Bitcoins. It just doesn’t make sense to do so.

This is also called the network effect. It sates, that a system is only so valuable, as the number of people using that system.

So, let’s dive into the 3 deciding factors, that must happen for Bitcoin to fully achieve mass adoption.

First, of course, is the support by a big corporation or even country. For example, if a big company like McDonalds starts to accept Bitcoin, then people would be more inclined to make purchases with Bitcoin. This makes total sense, because why would anybody adopt the usage of Bitcoin, if you couldn’t make any real-world purchases with it? Exactly, it doesn’t make any sense whatsoever.

The first point was pretty obvious, so let’s look at the other deciding factors, that are crucial for Bitcoin to be mass-adopted.

Did you actually know, that a third of the world’s population, 2,5 million adults to be precise, do not have access to the banking system? Yeah, what people in the first-world countries take completely for granted, isn’t all that common all around the world: A bank account. On the other side, many more people in these third-world countries do have mobile phones, but no bank accounts. So, what if all those people start using Cryptocurrencies, like Bitcoin, for their online and day-to-day transactions? They could skip the traditional banking system and directly buy and sell Bitcoin from their smartphones. If one third (or even less) of the world population starts to use Bitcoin, it will gain world-wide recognition and overtake any other currency.

The third scenario that could happen, is that a major economic collapse or abuse occurs. When this happens, lots of people will want to transfer their wealth to something that isn’t dependent on any country or government, but is universally accepted in every country of the world. There aren’t many options for such things. One of these things is, gold. And the other could be Bitcoin, which I see as the digital version of Gold.

I hope we will never have to experience such a catastrophic event in our lifetime, but it sure is a positive thing for Bitcoin, since lots of people will adopt it.

These are all the point I could think of. Thanks a lot for reading and have an awesome day! Visit me at flashipcrypto.com for more Crypto-article?