platform that explores and develops “stories” as a type of intellectual property
Storichain is a project that provides partially distributed dApp applications and general protocols to solve story industry problems using the blockchain property. “Primary industry” refers to industries that use the source of “stories” for their products and cover fields such as film, drama, web novels, web drama, drama, musicals, and radio programs.
Storichain can be seen as a digital asset management system that allows people to shop online with unreliable people by “making agreements to prevent theft of ideas”. Another problem in the industry is the profit distribution. For example, the webtoon industry, one of the largest plot-based industries in Korea, has surpassed the $ 700 million market, but there are still many people who suspect that the industry and many materials are being distributed. Content creators still have difficulty getting enough compensation for their work.
Storichain began by setting a benchmark for the story foundation, which ultimately wanted to reduce trust among participants in the story industry – writers, production companies and readers. In this way, Storichain makes source material more transparent for the process of creating derivative works, decides on industrial injustice, and creates new values.
The Storichain Project aims to explore and develop “stories” as a type of intellectual property. The story industry can be defined as an industry that includes the work of making stories and actions that use stories created for various purposes. In 2014, Story Stories identified industries that created added value through products and companies based on research, discovery, planning, development, creation, dissemination and transmission of stories that were seen as sources of imagination and creativity.
Storichain does not store original textual history data on the blockchain. This is due to the fact that Storichain takes into account the contributions made at the stage of manufacture and transaction, and transfers the ownership of history more than text / graph data from the story itself. In fact, nothing can prevent someone from distributing text content, because all he has to do is take a picture of his monitor and distribute it to where he wants it. So instead of just preventing such actions, StorichainIt is more important to prove the value of the author’s efforts, systematically measuring who contributed to history, when and how their contributions, how ownership was transferred, and how much each Creator contributed to history in terms of collaboration.
Now we need fair distribution & allocation for the authors who created the story, which are source material for the media additive industry, which amounts to 130 trillion won in the future.
Storichain does not store original historical information on the blockchain. This is because Storichain takes into account the contributions made at the stage of creation and events, as well as the transfer of ownership of history more than the text and graphic information from the story itself. In fact, nothing can prevent someone from sharing text content, because all he needs is to take a picture of his monitor and share it where he wants. Thus, rather than just preventing Storichain from doing that, it is more important to systematically measure the value of the author’s efforts by measuring who participated in history, when and how they participated, how ownership was transferred, and how much each Creator participated in the story when collaborating.
Storichain called this kind of information “operational”. Because activity metrics are used to distribute accumulated profits in history, activity metrics cannot be faked or manipulated. In addition, performance indicators are also used as a basis for calculating the growth index used to determine the value of the most important asset of the story. This is the basis for profit distribution.
Storichain follows blockchain technology, which provides trust between participants and extends its boundaries to unexpected areas. The Blockchain provides trust in boundaries and ideology, helping many industries to simplify the problems they encountered in the past and provide new solutions. Storichain seeks to embed the blockchain in the narrative industry to create a world where all participants can be satisfied by taking part in responsibility. To implement this philosophy step by step, the company has now identified current industry problems to find new solutions.