Hello and welcome to this blog post about Viberate VIB White Paper. I am very excited to know that you are interested in this amazing technology, you will be going to amazed by the incredible potential of the blockchain.
There is a lot to learn about this futuristic tech, lets get started to dive into the Viberate VIB white paper and start to leverage it to build a more secure and trusted ecosystem for Industry 4.0 applications.
The aim of this blog post is to help you quickly understand about the philosophy behind the Viberate VIB.
I can ensue you that, you will be able to understand every bits and pieces related to Viberate VIB after going through the Viberate VIB white paper.
Without wasting any further time lets get started to dive right in and lets understand white paper first.
What is white paper?
A white paper is an informational, influential, well-structured document, usually published by an organization, to provide in-depth information about a specific solution.
A white paper is used to provide a good insight into the challenges for a specific problem and a proposed solution for the same.
Viberate VIB White Paper
Viberate VIB white paper will be going to provide you, all the information that is needed to get started with Viberate VIB, including the inspiration for creating, the problem it is trying to solve and the solution proposed by Viberate VIB.
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This paper describes the crowdsourced booking and payment platform for the live music industry that will ultimately be scaled to all live creative engagements. Based on the Ethereum platform, it utilizes smart contracts that solve decades-old problems that live performers have with getting demand, determining their value/price, negotiating terms, executing agreements and getting paid. Its main pillars are an innovative database of millions of artist profiles, ranked according to social media popularity; a tokenized incentive program for musicians’ fans; a talent booking process; and a blockchain-based contract and payment system. The paper explains two main parts:
• The core focus of the service: live music ecosystem database and a live music marketplace, and
• the implementation of the blockchain technology and the Viberate token (VIB).
Viberate is a platform that joins the entire live music ecosystem under one roof. Currently it acts as IMDB for live music, where profiles are ranked according to their online popularity. It is built and curated by the Viberate user community. Our end game is to disrupt the music industry as we know it – by becoming the biggest global talent marketplace.
Viberate’s database, community, holistic approach and marketplace features are the four elements that make its service unique and revolutionary. The foundations of our extensive musician database go all the way back to our pilot project, a simple ranking service for DJs. We started off as a directory of no more than a couple of thousand DJs, but soon grew into a massive database of over 50,000 musicians.
Over the years we’ve expanded to all music genres and upgraded our database to 120,000 musicians, 40,000 music venues and 60,000 events. Since anyone can contribute towards our growth, the database is growing on a daily basis, and at that rate, we plan to gradually grow towards millions of entities from all around the world.
White Paper Link: Viberate VIB White Paper
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