In 2018, the wave of innovation and entrepreneurship in
blockchain is surging, and entrepreneurs from different backgrounds
flooded in. But most projects are still in the air with a long way
to go. However, a steady and strong private industry chain is bound
to be launched!
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the full release here:
https://www.businesswire.com/news/home/20180810005151/en/
PR Chain Seeks to Reshape Global Media
Platform (Photo: Business Wire)
PR Chain is determined to be the world's largest open media
platform
Targeting media industry as a breakthrough point, PR Chain is
formulating a set of community autonomous incentive mechanism that
is compliant, reasonable, fair, just, effective and innovative.
Their goal is to build a fair and just, open and transparent media
credibility system through rewarding media content creators, value
transmitters and recipients of content with largest incentive. They
are also committed to build the most trustworthy media credibility
index, the PR-INDEX.
Global media industry today is characterized as news-oriented.
Nevertheless, the industry is scattered as many media institutions
fighting for their own island, therefore trillions of media
industry output is broken down to multiple platforms.
Problems with Traditional Media Industry:
1. It is difficult to confirm and protect
media's ownership rights.
2. The low reliability and security of
news.
3. The plunder of user's privacy and media
value.
PR Chain Reconstruct the Production Relationship of Media
Industry with Blockchain Technology
The nature of blockchain lies in the transformation of
production relationship and trust relationship. In media industry,
revolution that is most likely to take place is the reconstruction
of production relationship.
The PR chain enables large-scale media sharing and open
platforms that can access massive Apps and massive media through
technologies such as smart contracts and distributed media
libraries. The main features of the PR chain include: fairness,
transparency, openness and autonomy.
Tech Support: Synereo, Israeli Top Company in
Decentralization
Different from other blockchain projects that are in the air, PR
Chain's core strength is that it is easier to apply based on
existed massive users and media resources on Synereo platform,
which has developed a decentralized open source social network.
The Synereo network operates without a single central server or
data center. When a user supports this distributed network using
personal device, the network will compensate for the user's
contribution to storage and computing power.
PR Chain has completed four major incentive models, and its
token is expected to be listed on exchange soon
Under PR Chain project,four models for blockchain media have
been successfully completed.
Value Transmit Incentive Model:
Economic incentives stated that how everything is set behind
attention economy using Synereo's application public chain and AMP
attention economic realization tools, which allow users to cash and
invest in content transmit with attention economy.
After joining the PR Chain, users can create or share
high-quality content in social community using PRZ. Any user can
initiate PRPUSH amplification chain through sharing content with
PRZ.
Advertising Suspended Incentive Model: PRAD
PRAD provides suspended advertising incentives based on PRPUSH.
Considering the PRZ value and the advertising budget, PRZ
determines autonomously the allocation method, number of PRZ,
number of people, initiating time and suspension period. Users can
receive the reward set by advertisers through actively receive
advertisements within required time.
Content Autonomy Review Mechanism: PRVOTE
PRVOTE Content Autonomous Review Mechanism is a consensus
agreement on information management in distributed business system.
It is a pioneer mechanism in media industry which can only be put
into practice and operated smoothly in PR Chain ecology.
Media Credibility Index: PRINDEX
Authority departments do publish online media credibility survey
reports from time to time, however, there is always a lack of data
for sufficient dimensions and evaluation.
The complete system of PR Chain employs big data, AI and other
technologies to collect data of various dimensions to establish a
more scientific evaluation system.
Description of PR Chain Token and its Usage
• Token name: PRZ
• PR Chain's revenue and repurchase
instructions have been completed
• The goal of PR Chain is to reshape existing
media ecology and promote the launch of PRINDEX Media Credibility
Index.
• In order to protect all participants, PR
Chain will repurchase PRZ regularly. Part of the repurchased coins
will be placed in the PR Chain foundation risk control mechanism.
Also, considering how the ecology develops, board of director of
the foundation will vote on whether to destroy some PRZ to maintain
a stable circulation value.
• Scheduled to be listed on exchange on 15,
August.
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version on businesswire.com: https://www.businesswire.com/news/home/20180810005151/en/
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PRChainWeChat official contact: PR16999888Telegram Chinese group:
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t.me/prchainmail:3536382665@qq.comwebsite:https://prchain.app/