Introducing MILC: Licensing HQ Media Entertainment on Blockchain
Ever since internet has come into existence, the entire perception for content creation and distribution has drastically changed. Individuals that create content are not required any longer to sign deals with transnational corporations and filling this gap has been a new sort of middleman. These are platforms such as Youtube, Facebook, Netflix and soon Instagram will join the fray with hour-long videos premiere on IGTV.
These platforms allow for people all over the globe to consume content and collect advertising revenue and distribute it amongst creators. The control that these platforms have over the kind of content that is allowed on their platforms and how the revenue generated is shared amongst the creators have led to many disputes.
Online video publishers such as daily newspapers, print magazines or large online information portals have an insatiable hunger for high-quality moving image content on their web portals because this content is greatly sought after by the global advertising industry.
Welt der Wunder TV, a leading TV network group rooted in Germany and Switzerland is planning to accomplish this role through its progressive ICO, MILC (Micro Licensing Coin). MILC is a completely new blockchain-managed license, trading and sales platform for high-quality video content for the international broadcasting, VOD and online video publishing sectors.
The MILC trend is unique and it has the potential to evolve into a standard in the international license training sector. In the nearest future, it will offer all content owners the opportunity to provide their content to a global market and to facilitate access to purchasers, advertisers and users.
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 removes a host of intermediaries and it significantly reduces the price.
MILC defines the most important usage periods as efficiently negotiable standards and also offers templates for pre-defining different types of uses and partial sales to the vendors. Also, it irons out the creases on broadcast status by making it transparent, consistently updated and real time. Therefore, purchasers can have appropriately priced content to purchase in the second or third evaluation cycle.
Welt der Wunder TV is planning an ICO (Initial Coin Offering) to construct a completely new blockchain-managed license, trading and sales platform for high-quality video content, for the international broadcasting, VOD and online video publishing sectors.
Consumers are able to procure content via the MILC token which is obtained in exchange for BTC, ETH, USD or Euro. In order to ensure the highest standard of security for the platform Welt der Wunder has partnered with SwissTXT & Swisscom.
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