Broomstick social platform and Venus Economy: Defining the Future
Most online users spend a considerable amount of time consuming online videos on video platforms like YouTube and Vimeo. While these centralized platforms are great they rely on advertisements to monetize their platform. While these advertisements are generally annoying, they benefit mostly from the platforms where the companies earn from 50 – 60% of the ad income.
In our attention economy no one has stopped to ask the question – why should we be subjected to advertisements when we aren’t even compensated for our attention? Attention and time is a commodity in the digital age. Come to Venus, the platform that wants to change the business model of the video sharing market.
Venus is a decentralized video sharing platform that uses the blockchain to pay and reward video creators and consumers. The payments are done with Venus Coins. The transaction history is public on the Joy blockchain. It aims to solve the problems that are inherent to centralized video sharing.
Introducing Broomstick
It’s very unfortunate that social networks now are no longer interested In bringing people together as their primary concern now is how to make a lot of money from people never minding the consequences. Take for instance, the loss of privacy. The intention of this project is to improve the situation with Broomstickk.
Every application will be reviewed by the team so that they:
Ask only information that is requested, have the precise location of your data that will always be at your disposal. Also, to remove all information once you take back the permission. Lastly, get an emergency plan I a situation where there is a data leak and signal them/you immediately if that were to happen.
Immediately they are able to follow the rules they will be given a badge beneath their logo. On the user’s personal dashboard you can single out the exact locations of your shared data, revoke application’s access and most interesting, request deletion.
Making a difference
Every optional data sharing will be disabled by default and so the choice is yours as to whether you want to give that application more of your data instead of the other way round.
So, the technology seeks to research and develop cryptographically enforced data sharing policies, end to end encryption even on the browser, public key cryptography algorithms and protocols.
Re-defining social
The platform is re-defining social by ensuring that your interaction with loved ones is meaningful and colourful. There is a plus to the effect that you are free of ads and this is because we don’t monitor the user’s data.
The business model being proposed here will never be based on adverts. The idea here is to have an income system based on a cryptocurrency named Venus. With Venus, you buy and sell goods and services, storage, masternodes, support content creators, subscribe to publishers, buy a lot of things.
The Economy
Using blockchain technology, the platform facilitates direct and transparent value exchange between video viewers and content publishers or creators. Being a network, a small amount will be retained within the economy and for platform operating costs. It’s all about putting the power back into the hands of the users and content providers, creating a better ecosystem for all.