//Storichain – Securing the Story Industry

Storichain – Securing the Story Industry

The project Storichain brings forward the idea of implementing blockchain technology in a field other than development and management. By using the versatile characteristics of blockchain, this project aims at solving the existing problems of the story industry. They have explained the term Story Industry as “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”. By 2021, the digital content market is expected to grow from the current $1.449 trillion to $2.4 trillion as stated by National IT Industry Promotion Agency in its 2017 digital content market report.Storichain bridges stories to Blockchain Smart Contracts, turning them into ‘Story Assets’ while enhancing security. It also prevents ideas from plagiarism and theft by dividing the required contract terms for each process in the story industry into Open Stories, Pro Stories, Contesting Stories, Funding Stories and Viral Stories. It focuses on the contributions made to the story creation, transaction stage and the transfer of ownership more than the story itself. Hence, Storichain does not keep the stories within the blockchain but other important information (contributions to the story creation, transactions and transfer of ownership) only.Storichain aims to implement smart contracts inorder to code the terms of the contract between the content creator and the distributor and to review whether the terms have been fulfilled or not. In conclusion, Storichain is a story creation and consumption platform that is based on blockchain and is a collection of protocols for the contracts. This idea needs alot of input before it can actually be implemented.Find out more information on:https://storichain.io

The project Storichain brings forward the idea of implementing blockchain technology in a field other than development and management. By using the versatile characteristics of blockchain, this project aims at solving the existing problems of the story industry. They have explained the term Story Industry as “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”. By 2021, the digital content market is expected to grow from the current $1.449 trillion to $2.4 trillion as stated by National IT Industry Promotion Agency in its 2017 digital content market report.

Storichain bridges stories to Blockchain Smart Contracts, turning them into ‘Story Assets’ while enhancing security. It also prevents ideas from plagiarism and theft by dividing the required contract terms for each process in the story industry into Open Stories, Pro Stories, Contesting Stories, Funding Stories and Viral Stories. It focuses on the contributions made to the story creation, transaction stage and the transfer of ownership more than the story itself. Hence, Storichain does not keep the stories within the blockchain but other important information (contributions to the story creation, transactions and transfer of ownership) only.

Storichain aims to implement smart contracts inorder to code the terms of the contract between the content creator and the distributor and to review whether the terms have been fulfilled or not. In conclusion, Storichain is a story creation and consumption platform that is based on blockchain and is a collection of protocols for the contracts. This idea needs alot of input before it can actually be implemented.

Find out more information on:

https://storichain.io