Welcome to WordPress.com

Use this template to give your readers a bit of important information.

Call to Action

FilmChain

FILMCHAIN

White Paper and Business Outline

 

Table of Contents:

Executive Summary
Platform components
Roadmap
Pre-ICO and ICO structure
Core Team

Filmchain is a revolutionary marriage of the film industry with blockchain technology. This will modernize and broaden the digital distribution of films in a cost-effective and profitable manner that will complement current forms of film distribution.
A blockchain is a decentralized database that is accessible and distributed over the internet. This database employs cryptography to render the transactions to be trustless. This means that two parties that don’t know each other can have transactions that are computed, mathematically verified and recorded in a ledger format using a peer to peer computer network.
One of the earliest uses of a blockchain was Bitcoin. Blockchains allow for increased transparency and increased efficiency by eliminating middlemen in both economic and non-economic transactions. Smart contracts are self-executing contracts in which the contract has been converted to computer code and which are supervised by a network of computers that run the blockchain. The smart contracts help one exchange money, property, or shares or anything of value in a transparent, conflict free manner while avoiding the services of a middleman. For the film industry, the potential beneficiaries of blockchain technology include not only the larger studios, but the independent producers and writers, and all of the connectors in between.
The film industry is strong and resilient. People will always enjoy watching movies, be it at home, going to a traditional theater, watching on their handheld computer devices.. The worldwide film box office market was $US 38.6 billion in 2016. The top 3 regions by box office gross were Asia-Pacific US$14.9 billion, United States and Canada US$11.4 billion, and Europe, Middle East and North Africa with US$9.5 billion. Although attendance in theatres has decreased, the film industry distribution landscape has evolved with Video on Demand , DVD and television licensing. The next tool in the evolution of the film industry will be blockchain technology.
Movie studios may perceive blockchain as only a developing technology and be hesitant to embrace it as it fears loss of power and industry control. However, just as taxis lost market share to Uber, the larger studios will lose market share to smaller progressive studios unless they devote part of their resources to modernizing their distribution and licensing models.
Blockchain technology will allow forward looking studios to maintain and increase their market share and profitability. This can be accomplished in several ways. First, it can help achieve transparency with distribution. Second, it can help police digital piracy. Third, it can help document copyright and creative licenses. Fourth, it can decrease costs associated with distribution. Fifth , it can provide data collection on film penetration in different markets.
In addition to modernizing distribution, Filmchain will create a market exchange which will allow studios to recoup some of their outlay in a film project by selling a portion of the film to public individual investors. This can be accomplished for future film productions, as well as catalogs of established films. Different pools representing different levels of investments of films projects will be established representing increasing percentages of films gross revenue.

 

DISTRIBUTION

Film distribution over the past 100 years has evolved from sending reels of film to a few theaters, to international simultaneous digital distribution with complex networks of distributers. A smart contract on a blockchain can lend transparency to these networks and allow for distribution of revenue as pre-defined criteria such as a film release are met. In addition, the smart contracts can enable automated distribution of revenue as it is collected. The merging of cryptocurrency and modern credit cards such as Visa will facilitate this distribution. This increased transparency will help both larger studios, and small, as well as independent producers and actors that profit from the back-end of deals.

Digital Piracy
Although the evolution of the movie industry from film content to digital content has eased the proliferation of films, it has also increased the possibility of film piracy. New technology tends to create new problems, but with the advent of new development, these problems can often be solved in new and efficient ways. Online piracy in 2016 has documented visits to film and tv piracy sites reaching over 100 billion in 2016. The estimated revenue losses is in the billions of dollars.
Film content can be encoded with cryptography to document unauthorized transfers of content. Using the blockchain, a history of illegal transfers can be documented in an immutable way. The blockchain will become a tool of both the film and legal industry that can be employed to ensure proper and legal distribution of films.

Copyright and Creative Licenses
In any creative endeavor, there is always the importance of documentation of this endeavor, as well as creating the proper business channels for using the images. Unfortunately the cost for a studio to insure for copyright infringement is large, and becomes not only a thorn in the side for a large studio, but a barrier for survival of a small studio. Because blockchain technology creates an immutable history of a record of transactions, it can be used to help document both copyright and creative licenses. This will help record the chain of distribution of a product, as well as its potential uses in both film and tv industry.

Distribution Costs
One of the many barriers for a successful film is achieving distribution. One of the barriers for larger film studios is achieving film distribution in an economically beneficial way. Blockchain technology will help with lowering distribution costs in several ways. First, it can automate and lend transparency to complex distribution contracts with multiple players involving studios and theaters and video on demand channels. Second, it can create a new method of distribution using the blockchain and the internet. Large studios will look to embrace this new technology, which will not only create new methods of distribution of films and thereby increasing their market share of distribution, but also increase the transparency and efficiency of their current methods of distribution and thereby retain and grow their market share.

DATA

Blockchain technology will revolutionize the transmission of data. For many industries this will enhance the ability to analyze market penetration and the film industry is no different. While there are methods to determine market penetration, smart contracts can be written to provide real time market penetration of ticket sales that will allow studios to see where profit is being achieved and to change distribution to further increase that profitability. Profit metrics can be built into smart contracts that will allow all parties to feel more comfortable with profit distribution.

Market Exchange

An exchange will be created using Filmchain which will allow the public to invest in the future earnings of a movie or a catalog of movies. There will be different pools representing different percentages of catalogs. For example a 10% pool will represent 10% earnings of a catalog or a movie. 20% pool will represent 20% earnings of a catalog or a movie. As this exchange grows over time, and the pools grow over time, the filmchain coin will increase in value.

 

 

REVENUE GENERATION
Filmchain will allow for revenue generation in several ways:
Filmchain will create money through modernizing distribution and penetrating into untapped markets of distribution for studios. Blockchain will help eliminate piracy and open the black box of distribution.
For consumers it will allow viewing a movie directly on the blockchain . This will avoid subscription to video channels . Similar to how consumer have learned to avoid subscription plans for their cellphones, consumers will enjoy seeing movies they want without subscribing to see movies they don’t want.
Filmchain will partner with studios to create a market for the future earnings of movies as well as a market for catalogs of established movies. This will allow movies to take out some of the risk of large studio productions. Pools of coins will be created with different tranches that represents percentage of movie earnings. For example a 10% pool will represent 10% of the earnings of the movies that compile that pool. A 20% pool will represent 20% of the earnings of the movies that compile that pool.
Filmchain will create channels of movies that can be seen will filmchain token through traditional tv outlets.
Filmchain token will be used to watch movies in traditional theatres.
As the network of Filmchain grows, the value and demand for the token will grow. Studios will share in the revenue generated by the growth of Filmchain as they partner with it.

 

Platform
Roadmap:
Phase 1 :
Introduction of Filmchain to the industry. Filmchain will start to co-partner with other international companies in the film industry. Such partners may include companies with dominant footprints in the industry such as Netflix, Redbox, Sony studios, and Paramount Studios.
Phase 2:
Using the blockchain technology and smart contracts to complement and modernize current methods of distribution of both established and new films. This will enhance distribution and increase profitability by promoting increased transparency of accounting. Smart contracts can illuminate the otherwise black box of distribution.
Phase 3:
Modernizing the method of distribution of Films. Placing the movies on the blockchain for direct viewing over the internet. This will allow increased penetration in markets that are currently underserved in the film industry.

Pre-ICO structure and ICO structure
The Filmchain Foundation is raising funds to support the establishment of the Filmchain Company and to deliver the respective technologies. The Filmchain foundation is issuing Filmchain tokens (Filmchain) through the smart contract systes operated by Ethereum. The funds raised by the sale of tokens will be retained by the Filmchain foundation until they will be used. The tokens will first be distributed in a pre-ICO fund raise. The second phase of distribution will be a broader ICO fund raise which will last 6 weeks.

Filmchain foundation is a public registered body with legal responsibilities and is subject to audits. This will ensure the transparency of operations and the secure custody of the funds.

Token name : Filmchain token: FILMC
A filmchain token represents the right to receive a part of distributable profits of Filmchain Company. All tokens in aggregate will have the right to receive 80% of such profits. The remaining 20% will be re-invested in the Filmchain company. The tokens will be assigned pro-rata during the pre-ICO and ICO.
Payout Structure:
According to the bylaws, at the end of a financial year the distributed profit of FIlmchain will be transferred to the specific Ethereum wallet. The Eth is then redistributed to all holders of Filmchain tokens according to the smart contract ( the stake of profit is received pro-rata the share of tokens owned).
Token supply:
10 million tokens will be created and no additional tokens will be created.
Initial Rate:
The price per token is locked at 1 US dollars per 1 token.

 

 

 

Core Team

Bradley Hodge
Rocky Fikki
Andrew Blatt

 

 

 

 

 

 

 

 

 

 

 

FILMCHAIN

 

White Paper and Business Outline

 

Table of Contents:

 

  1. Executive Summary
  2. Platform components
  3. Roadmap
  4. Pre-ICO and ICO structure
  5. Core Team

 

 

Executive Summary

 

Filmchain is a revolutionary marriage of the film industry with blockchain technology.  This will modernize and broaden the digital distribution of films in a cost-effective and profitable manner that will complement current forms of film distribution.  

A blockchain is a decentralized database that is accessible and distributed over the internet. This database employs cryptography to render the transactions to be trustless.  This means that two parties that don’t know each other can have transactions that are computed, mathematically verified and recorded in a ledger format using a peer to peer computer network.  

One of the earliest uses of a blockchain was Bitcoin.  Blockchains allow for increased transparency and increased efficiency by eliminating middlemen in both economic and non-economic transactions.   Smart contracts are self-executing contracts in which the contract has been converted to computer code and which are supervised by a network of computers that run the blockchain.  The smart contracts help one exchange money, property, or shares or anything of value in a transparent, conflict free manner while avoiding the services of a middleman.  For the film industry, the potential beneficiaries of blockchain technology include not only the larger studios, but the independent producers and writers, and all of the connectors in between.

The film industry is strong and resilient.  People will always enjoy watching movies, be it at home, going to a traditional theater, watching on their handheld computer devices.. The worldwide film box office market was $US 38.6 billion in 2016.  The top 3 regions by box office gross were Asia-Pacific US$14.9 billion, United States and Canada US$11.4 billion, and Europe, Middle East and North Africa with US$9.5 billion.  Although attendance in theatres has decreased, the film industry distribution landscape has evolved with Video on Demand , DVD and television licensing. The next tool in the evolution of the film industry will be blockchain technology.

Movie studios may perceive blockchain as only a developing technology and be hesitant to embrace it as it fears loss of power and industry control.   However, just as taxis lost market share to Uber, the larger studios will lose market share to smaller progressive studios  unless they devote part of their resources to modernizing their distribution and licensing models.  

Blockchain technology will allow forward looking studios to maintain and increase their market share and profitability.  This can be accomplished in several ways.  First, it can help achieve transparency with distribution.  Second, it can help police digital piracy. Third, it can help document copyright and creative licenses. Fourth, it can decrease costs associated with distribution.  Fifth , it can provide data collection on film penetration in different markets.  

In addition to modernizing distribution, Filmchain will create a market exchange which will allow studios to recoup some of their outlay in a film project by selling a portion of the film to public individual investors.  This can be accomplished for future film productions, as well as catalogs of established films.   Different pools representing different levels of investments of films projects will be established representing increasing percentages of films gross revenue.

 

DISTRIBUTION

 

Film distribution over the past 100 years has evolved from sending reels of film to a few theaters, to international simultaneous digital distribution with complex networks of distributers.  A smart contract on a blockchain can lend transparency to these networks and allow for distribution of revenue as pre-defined criteria such as a film release are met.  In addition, the smart contracts can enable automated distribution of revenue as it is collected.  The merging of cryptocurrency and modern credit cards such as Visa will facilitate this distribution.   This increased transparency will help both larger studios, and small, as well as independent producers and actors that profit from the back-end of deals.

 

Digital Piracy

    Although the evolution of the movie industry from film content to digital content has eased the proliferation of films, it has also increased the possibility of film piracy.  New technology tends to create new problems, but with the advent of new development, these problems can often be solved in new and efficient ways.  Online piracy in 2016 has documented visits to film and tv piracy sites reaching over 100 billion in 2016.  The estimated revenue losses is in the billions of dollars.  

Film content can be encoded with cryptography to document unauthorized transfers of content.  Using the blockchain, a history of illegal transfers can be documented in an immutable way.  The blockchain will become a tool of both the film and legal industry that can be employed to ensure proper and legal distribution of films.

 

Copyright and Creative Licenses

In any creative endeavor, there is always the importance of documentation of this endeavor, as well as creating the proper business channels for using the images.   Unfortunately the cost for a studio to insure for copyright infringement is large, and becomes not only a thorn in the side for a large studio, but a barrier for survival of a small studio.  Because blockchain technology creates an immutable history of a record of transactions, it can be used to help document both copyright and creative licenses.  This will help record the chain of distribution of a product, as well as its potential uses in both film and tv industry.

 

Distribution Costs

One of the many barriers for a successful film is achieving distribution.  One of the barriers for larger film studios is achieving film distribution in an economically beneficial way.  Blockchain technology will help with lowering distribution costs in several ways.  First, it can automate and lend transparency to complex distribution contracts with multiple players involving studios and theaters and video on demand channels.  Second, it can create a new method of distribution using the blockchain and the internet.  Large studios will look to embrace this new technology, which will not only create new methods of distribution of films and thereby increasing their market share of distribution, but also increase the transparency and efficiency of their current methods of distribution and thereby retain and grow their market share.

 

DATA

 

Blockchain technology will revolutionize the transmission of data.  For many industries this will enhance the ability to analyze market penetration and the film industry is no different.  While there are methods to determine market penetration, smart contracts can be written to provide real time market penetration of ticket sales that will allow studios to see where profit is being achieved and to change distribution to further increase that profitability.   Profit metrics can be built into smart contracts that will allow all parties to feel more comfortable with profit distribution.

 

Market Exchange

 

An exchange will be created using Filmchain which will allow the public to invest in the future earnings of a movie or a catalog of movies.  There will be different pools representing different percentages of catalogs.  For example a 10% pool will represent 10% earnings of a catalog or a movie.  20% pool will represent 20% earnings of a catalog or a movie. As this exchange grows over time, and the pools grow over time, the filmchain coin will increase in value.

 

REVENUE GENERATION

Filmchain will allow for revenue generation in several ways:

  1. Filmchain will create money through modernizing distribution and penetrating into untapped markets of distribution for studios.  Blockchain will help eliminate piracy and open the black box of distribution.
  2. For consumers it will allow viewing a movie directly on the blockchain . This will avoid subscription to video channels .  Similar to how consumer have learned to avoid subscription plans for their cellphones, consumers will enjoy seeing movies they want without subscribing to see movies they don’t want.  
  3.  Filmchain will partner with studios to create a market for the future earnings of movies as well as a market for catalogs of established movies. This will allow movies to take out some of the risk of large studio productions.  Pools of coins will be created with different tranches that represents percentage of movie earnings.  For example a 10% pool will represent 10% of the earnings of the movies that compile that pool. A 20% pool will represent 20% of the earnings of the movies that compile that pool.  
  4. Filmchain will create channels  of movies that can be seen will filmchain token through traditional tv outlets.
  5. Filmchain token will be used to watch movies in traditional theatres.
  6. As the network of Filmchain grows, the value and demand for the token will grow.  Studios will share in the revenue generated by the growth of Filmchain as they partner with it.

 

Platform

Roadmap:

Phase 1 :

Introduction of Filmchain to the industry.  Filmchain will start to co-partner with other international companies in the film industry. Such partners may include companies with dominant footprints in the industry such as Netflix, Redbox, Sony studios, and Paramount Studios.   

Phase 2:

Using the blockchain technology and smart contracts to complement and modernize current methods of distribution of both established and new films. This will enhance distribution and increase profitability by promoting increased transparency of accounting.  Smart contracts can illuminate the otherwise black box of distribution.

Phase 3:

Modernizing the method of distribution of Films.  Placing the movies on the blockchain for direct viewing over the internet.  This will allow increased penetration in markets that are currently underserved in the film industry.

 

Pre-ICO structure and ICO structure

The Filmchain Foundation is raising funds to support the establishment of the Filmchain Company and to deliver the respective technologies. The Filmchain foundation is issuing Filmchain tokens (Filmchain) through the smart contract systes operated by Ethereum. The funds raised by the sale of tokens will be retained by the Filmchain foundation until they will be used.   The tokens will first be distributed in a pre-ICO fund raise.  The second phase of distribution will be a broader ICO fund raise which will last 6 weeks.

 

Filmchain foundation is a public registered body with legal responsibilities and is subject to audits.  This will ensure the transparency of operations and the secure custody of the funds.

 

Token name :  Filmchain token:  FILMC

A filmchain token represents the right to receive a part of distributable profits of Filmchain Company.  All tokens in aggregate will have the right to receive 80% of such profits.  The remaining 20% will be re-invested in the Filmchain company.  The tokens will be assigned pro-rata during the pre-ICO and ICO.

Payout Structure:

According to the bylaws, at the end of a financial year the distributed profit of FIlmchain will be transferred to the specific Ethereum wallet.   The Eth is then redistributed to all holders of Filmchain tokens according to the smart contract ( the stake of profit is received pro-rata the share of tokens owned).  

Token supply:

10 million tokens will be created and no additional tokens will be created.  

Initial Rate:

The price per token is locked at  1 US dollars per 1 token.

 

Core Team

 

Bradley Hodge  

Andrew Blatt

 

Advertisements

Add a Video

The Home Page template includes a section for a video, along with a bit of content.

Call to Action