Blockchain Technology Reaches Information Application Industry
It can't be denied that the blockchain is one of the technologies in the spotlight in 2018. This technology is claimed to be able to make business processes that occur more efficiently. Simply put, the blockchain is an online global database that can be accessed by anyone via the internet. Blockchain itself is also the main technology behind a digital currency called cryptocurrency.
Most recently, the blockchain penetrated the information application industry in Indonesia. One of the startups that uses this technology is the Pocket News. For your information, the Pocket News application offers a variety of interesting information. Thanks to the blockchain, this application has an accurate algorithm to recommend personal information in accordance with the intended user goals.
The Saku News Manager said this application has an incentive pattern by connecting content creators, ordinary users, to advertisers by providing ERC prizes or contract tokens to realize Ethereum-based UVT (User Value Token). "The era of blockchain has changed our lives drastically, formed all forms of economic organization, provided a subversive change for industrial finance and technology". Traditional information applications lack an incentive mechanism that causes undesirable constraints after development. UVT serves as a value transmission medium in the development of the ecology of Pocket News. "Ultimately, Pocket News can become a centralized news information platform that is self-driven, self-organization, and self-optimization.
Floor Trader function
The Pocket News design considers internet news products, information platforms such as Yahoo News Digest, Instapaper, Stack Overflow, #Steemit and operational experience from other high-quality information platforms. This can not be separated from real user requests, such as setting up separate videos, funny meme images, text content and several other elements. To be able to facilitate the circulation of user tokens, Pocket News will also release all floor trader functions. Both users and users, or advertisers and users can transact tokens freely on the floor trader. For information, the floor trader is a token circulation medium. Pocket News will also choose the right chain side, complete the real time data on the chain, improve the operational effect of the platform, strengthen the stability and security of user data.
Calculate Token System
When users publish articles, comment, like, click, read paid advertisements, the system will calculate the appropriate token prizes, then send them to user accounts based on formulas that are in line and use accurate calculations. UVT alone amounts to 100 billion tokens, including 40 percent for content creators and users, 20 percent for investors, 20 percent for community ecology construction, 20 percent for founding teams. At the same time, Pocket News will repurchase UVT and maximally break up to 50% UVT, to ensure the development cycle of the Pocket News platform token. The number of tokens given to users every day, will be averaged according to the amount issued each year during the year. The number of tokens obtained by users every day is decided based on the number of user contributions on the platform at that time. The number of user contributions every day will also be issued with sophisticated calculations.
Not only that, Pocket News will support the advertising investment platform. Advertisers can buy user tokens, used to buy ad placements, get the opportunity to push advertisements. In fact, advertisers can manage paid advertisements on user-defined platforms, so that promotions are more effective.
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