Here's a combined summary of the WCN #Blocktalk episode from 2016-08-19 featuring Matej Michalko of DECENT:
Summary:
This episode of #Blocktalk features an in-depth discussion with Matej Michalko, CEO of the Decent Foundation, focusing on their blockchain-based platform designed to revolutionize digital content distribution. Michalko, speaking from China, highlighted the active blockchain scene in China compared to Europe. The conversation covered DECENT's aims to address issues with centralized platforms like Amazon and Netflix, where creators receive a disproportionately small share of revenue and face censorship concerns. DECENT utilizes a modified Peercoin blockchain, BitTorrent, and a custom protocol to enable creators to publish and sell content directly to consumers, receiving 100% of the revenue in DCT cryptocurrency. The platform employs an incentivized system, similar to Bitcoin mining, where users pay for seeders to ensure content availability and redundancy. Future plans include decentralized video streaming devices and micropayments for creators. DECENT also features a decentralized reputation system to verify authorship and secure content. The foundation is launching an open ICO with no upper cap, tied to specific milestones, and plans to foster community involvement in the project's open-source development.
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Bitcoin Price: Not mentioned.