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Friday, 12 July 2019

Storichain (TORI) DApp and Agreement Protocol for Story Industry Value Chain


Hello dear sub-investors and only amateurs. Today is the weekend, which means I've prepared many interesting reviews for you. What is Storichain? Is a project that offers a partially decentralized dapp application and a common protocol to address the problems of the storytelling industry with blockchain properties to solve. The term "storytelling industry" refers to an industry that uses "stories" as the source of your products and includes areas such as movies, dramas, web novels, web dramas, plays, musicals and radiopostings.

Storichain is a blockchain-based story creation, consumption, and distribution dApp, and is a collection of protocols for the contract.

Storichain can be viewed as a digital story asset management system that enables people to transact online, even with unreliable individuals, by signing a "theft prevention deal". Another problem in the industry is the problem of profit splitting.

For example, the Webtoon industry, which is one of the largest in Korea, has already surpassed $ 700 million in market size, but there are still many people who doubt the structure of the industry's fork-fold and many materials. The creators still have difficulty getting enough compensation for their work.

Storichain begins by placing a token value base for creating stories that ultimately seeks to lower the value of trust between storytelling industry writers, production companies, and readers. This will make Storichain more transparent in the process of creating inferred work from the source material by solving industry injustices and creating new value.

The storichain project aims to explore and develop "stories" as a kind of intellectual property. The history industry can be defined as an industry that includes the work of storytellers and activities that use created stories for a variety of purposes. In 2014, storytelling identified an industry that creates added value through products and companies based on research, discovery, planning, development, creation, dissemination, and dissemination of stories, which are seen as a source of imagination and creativity.


Storichain's features for the future

Storichain is a global project that provides a partially decentralized dApp and a shared protocol for the story industry to solve the problems of the story industry through blockchain characteristics. The term ‘Story Industry’ refers to the industry which uses ‘stories’ as a source of their products and includes areas such as movies, dramas, web novels, web dramas, plays, musicals, and radio dramas.

However, despite the rapid growth of the market, the industry still has many problems left to be solved. One of the biggest problems is that the story assets (source stories, scripts, novels, webtoons, scenarios, etc.), which is the foundation of the entire industry, are only being traded on an offline platform due to idea theft issues. Currently, almost the entirety of the transactions is made offline between people who trust each other.

In this regard, Storichain can be considered as a digital story asset management system which allows the individuals to make transactions online even with non-trustable people by making an ‘idea theft prevention contract.’ One other problem within the industry is the issue related to ‘profit-sharing.’ For example, the webtoon industry, which is one of the biggest story-based industry in Korea, had already exceeded $700 million in market size, but there are still many people questioning the profit-sharing structure of the industry, and many content creators are still having a hard time on receiving sufficient compensation for their work.

Moreover, in areas where production costs are relatively high, such as the movie/drama industry, it is customary for the production companies, which is considered as a distribution broker and the early-stage investor in the industry, to take full risk of the future by paying most of the costs that is required during the story gathering/development process. This was due to the nature of the industry that there is no guarantee that the story quality will directly lead to sufficient market demand.

In the story industry, the role of readers is as much as important to that of the writers and the production companies. If a reader reads a story and enjoys it by himself/herself, there is absolutely no additional value created. However, if the reader shares his emotions and experience with other people, it can lead to a networking effect of the story and can be considered as an actual act that contributes to the story.

Also, other acts including making reviews and telling their own story the writers can be regarded as a contributing action.

Until now, such contributions from the readers was considered as an important foundation of the story industry. However, the industry was not able to accumulate reliable data to provide compensation to the readers who contributed to the content creation process.

Therefore, the Storichain starts by placing the token’s value base on story creation, ultimately lowering the trust cost between the participants of the story industry –writers, production companies, and readers-. By doing so, we will make the process of creating a derivative work out of a source story more transparent, solving the unfairness that exists in the industry and creates new values.

We are going to demonstrate how the Storichain Project will use certain blockchain characteristics to solve the problems in the story industry, and what kind of added value it will create during the process.

Trust-creating contracts with anti-theft and notarial effects, and tokens are used to deposit the trust mark when creating smart contact. The token is like a voucher that is used in the field of culture and art, which is associated with stories.

A ‘story’ is a type of narrative that connects our temporal experience based on causality. UI-wise, Storichain might look like an ordinary SNS where the public can use with ease. However, in Storichain, the experiences of individual users can be selected by professional writers and become reborn into a ‘story’ with a well-structured narrative.

The original source story will be stored in the central server, but the contribution data, which proves the contribution of an individual on the work, is regularly stored within the blockchain so that it can be used as evidence in case a plagiarism-related dispute occurs. Based on this story, if other aspects such as drawings, videos, broadcasting, and the music get combined through collaboration with other creators, Storichain will keep track of the contribution made by each creator, making it easy to split the profits in the future.


The Conference Theme will be “Story Intellectual Property”

Storichain team has been selected as a official speaker in a big conference “China-Korea Cultural Industry Conference” hold by KOCCA, on 25th of July in Shenzhen, China. 


Today, Storichain Team has just made partnerships with Johnson Intellectual Property Agency!!


Details ICO/IEO

Token supply: 4,000,000,000 TORI

Legal

Blockchain Platform: Ethereum
Office address: 06040 501, 35 Nonhyeon-ro 149-gil, Gangnam-gu, Seoul

Token info

Ticker: TORI
Token price in USD: 1 TORI = 0.0034 USD
Accepted currencies: ETH, BTC, USDT

Token distribution:

13% Team / Advisor 
11% Company 
7% Marketing / Partner 
15% Reserved 
15% Eco Pool 
5% Airdrop 
34% Sale

Team


 

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