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[PRNewswire] ENTchain Showcases Groundbreaking Applications at TokenSky

(SEOUL, South Korea, March 15, 2018 PRNewswire=연합뉴스) ENTchain, a next-generation decentralized intelligent content network provider, has showcased its groundbreaking applications at the 2018 TokenSky Blockchain Conference (the "Conference"), as well as hosted the ENT world class blockchain decentralized intelligent application release conference together with Newstyle Capital and Tsinghua Capital.

"We feel privileged to have been able to attend the Conference at a time that token changes the world," said Luffy, Chief Content Officer of ENTchain. "The appearance of ENT artists Token completely changes the business logic behind the entertainment economy and rebuilds the entertainment ecosystem by enabling artists' value through blockchain value trust network."

ENTchain rebuilds the entertainment industry ecosystem as TOKEN changes world

At the Conference, ENTchain announced the development progress of its main chain and artists token project as well as their application scenarios. ENTchain's dual properties of content network and value network effectively confirms the content value and reward all individuals and organizations who have contributed to the community, and eventually energizes the whole community and content.

The ENTchain targets the challenge of intellectual property (IP) protection and restricted content distribution channels for the traditional entertainment industry, which is controlled by a small number of people. It is inefficient and therefore lacks interaction between artists and fans, making it difficult for users to find useful content.

ENTchain lowers transaction costs and provides content search and push-notification with precision by building a decentralized content distribution platform using blockchain technology. It quantizes the IP value by artists Token and content rewarding as well as an evaluation system, and eventually achieves IP protection.

ENTchain, working as a blockchain team that understands the entertainment industry and has strong technical strengths, is discovering and implementing methods to quantize the value of IP, especially in the entertainment Industry. T-ara, the first well-known Korean girl band to sign a contract with ENTchain, became the first idol group to issue their own token. T-ara artistic token will officially start with close beta test in upcoming April to applying to all scenario regarding to artist payment process. 100 million of T-ara token will be released and 60 percent of them possessed by the artist and talent agency, 40 percent will be released to fans as shared benefits, community contribution benefits and rewarding bonus.

According to Luffy, ENTchain will release an international super star token plan very soon.

Perfect integration of public blockchains and consortium blockchains, multiple applications build entertainment ecosystem

Eric, ENTchain's co-founder, introduced ENTchain's technical cornerstone at the release event. ENTchain's decentralized, open-resource, and public blockchain integrates public blockchains and consortium blockchains by applying inter-chain modules, and therefore provides a low-cost, high-concurrency blockchain solution to Dapp.

The blockchain makes the free distribution of information possible by combining blockchain technology with DHT-distributed data storage and transmission technology, and builds an infrastructure network for big data sharing and transmission in the entertainment industry. Eventually, it will provide an intelligent platform for content distribution, transmission, storage, IP protection, and content realization for the global entertainment industry.

In addition, ENT Chain, together with Newstyle Capital and Tsinghua Fund, jointly established ENTnetworks. ENTnetworks will focus on the main chain technology and Dapp research and development. It also released a series of global entertainment applications developed based on the main chain of ENTchain to build the ENT entertainment ecosystem. ENTchain released a series of global entertainment applications, including ENTclub and Golive, which are based on ENT's main chain to build an ENTchain entertainment ecosystem.

- ENTclub is a platform based on low-level blockchain technology, which provides real and interactive communication between artists and fans and will enter into trial phase in April 2018.
- Golive is a global, interactive entertainment live broadcast product. It links network anchors, content providers and users with blockchain technology, and provides a decentralized, reliable, and encrypted live broadcast ecosystem. Its 1.0 version will go online in Q2 of 2018.

According to Snow, ENTchain's Project Manager, there will be an increasing amount of applications based on ENT's main chain, including the ENT entertainment platform, ENT streaming media platform and ENT gaming platform. The ENT entertainment platform, which provides a platform for fans to consume artists token and acts as a medium for interaction between artists and fans, will be the first application to be put into operation. It will also deploy large content distribution applications including live broadcast and videos to build a distributed content ecosystem.

Joining hands with Newstyle Capital and Tsinghua Capital to build global blockchain investment strategic alliance and initiate global partnership

The professional investment institution Newstyle Capital, which focuses on the global blockchain industry, with Tsinghua Capital, and co-sponsored a blockchain distributed application investment plan with ENTchain. Its first investment goes to two global applications, Mithril (MITH -- social media blockchain project Mithril) and CNN Token (content ecosystem pass). A common virtual currency within the Mithril ecosystem, MITH acts as a communication channel among different social media application software. CNN Token is community pass for India's #1 news application, Newsdog. It aims to build the largest and most influential content ecosystem.

ENTchain is building a more transparent, free, fair, and more exuberant entertainment ecosystem to reflect the real value of content creators by developing blockchain technology, issuing artists Token, and establishing a blockchain-specific fund with Newstyle Capital and Tsinghua Capital.

About ENT
ENTchain, founded in South Korea, aims to be the next-generation decentralized intelligent content network provider. By introducing main chain and an artists token project, ENTchain focuses on rebuilding the ecosystem of the entertainment industry.

Photo - https://photos.prnasia.com/prnh/20180315/2079716-1
ENTchain Project Chairman Snow introduces T-ara Token.

Source: ENTchain

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출처 : PRNewswire 보도자료
[2018-03-15일 17:44] 송고
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