Tron is a blockchain-based decentralized platform that aims to build a free, global digital content entertainment system with distributed storage technology, and allows easy and cost-effective sharing of digital content.
Tron was founded in September 2017 by a Singapore based non-profit organization called the Tron Foundation. It is headed by CEO Justin Sun and has a dedicated in-house development team that includes renowned technology stalwarts.
Eliminate the Middle Man: Netflix
By using the features of the blockchain and peer-to-peer (P2P) network technology, Tron attempts to bridge the gap between content creators and consumers by eliminating the middleman. The result is an overall cost reduction for the consumer and improved collection through direct receipts for the producer, which offers a win-win situation.
To draw an analogy with a real-world application, consider Netflix, which operates a digital entertainment service offering on-demand content. This single organization controls the services in a centralized manner; just like Facebook, Twitter, YouTube, Amazon, etc.
One has to first subscribe and then pay Netflix to watch a particular on-demand movie that is usually produced by an independent third party.
From the fee charged as a subscriber, Netflix takes the lion’s share for hosting movies on its platform, and pays the remainder to the producers.
Currently the inability to reach an agreement on who-gets-how-much, is the hold-up on the release of the new James Bond Movie, No Time to Die, and that was made over a year ago.
What if Tron replicated the business model but on a public blockchain and made it available to the public directly, cutting out Netflix completely?
MGM could host the movie on the TRON platform instead, the global audience can pay the distributors (movie companies) directly. In the process, Tron’s open, decentralized platform challenges the very powerful, corporations controlling the Internet and its content – by making it a level playing field.
The Tron network uses its cryptocurrency called Tronix (TRX).
One can purchase Tronix on exchanges like Liqui and Binance by exchanging them for other cryptocurrencies like ETH or BTC. Purchase with fiat currencies $USD, is not possible at this time. But everything is secure as it can be stored on blockchains like MyEtherWallet.
What’s the Catch?
Well, if MGM and others refuse to host their movies on a block-chain platform, then its very unlikely you’ll make any money.
Me, I’m investing, because I want Netflix and other monopolies, like them, out of business. Don’t say it won’t happen, that just what Block-buster said, before Netflix put them out of business.
Now Netflix is being abusive (Cuties), and its time to put them out, and if TRON becomes abusive, I’m going to help put them out of business as well.
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