Writing Platform Steem is a Blockchain-Based Social Network
Alyson Wyers — May 31, 2016 — Pop Culture
References: steem.io & springwise
This writing platform is a blockchain social network. Finding a way to monetize content online has been an ongoing discussion, as social media continues to disrupt the landscape of journalism and web-based media. Steem pays writers in cryptocurrency for creating and curating content.
The social writing platform generates user content, but also rewards those whose work performs particularly well. The Steem reward system is comprehensive, with rewards based on long-term commitment, joining the peer-to-peer network and up-voting pieces.
Even though other cryptocurrency tipping platforms exist, Steem is different because users do not have to give anything up; rewarding others is as simple as voting for content you enjoy. Rewards are distributed by the blockchain, approximately 24 hours after content and votes are received.
The social writing platform generates user content, but also rewards those whose work performs particularly well. The Steem reward system is comprehensive, with rewards based on long-term commitment, joining the peer-to-peer network and up-voting pieces.
Even though other cryptocurrency tipping platforms exist, Steem is different because users do not have to give anything up; rewarding others is as simple as voting for content you enjoy. Rewards are distributed by the blockchain, approximately 24 hours after content and votes are received.
Trend Themes
1. Blockchain Social Networks - Creating blockchain-based social networks that reward users for creating and curating content disrupts the traditional landscape of journalism and web-based media.
2. Cryptocurrency Content Rewards - Developing platforms that pay writers in cryptocurrency for their content disrupts the traditional monetization methods of online content creation.
3. Peer-to-peer Content Networks - Building peer-to-peer networks that allow users to reward each other for enjoyable content disrupts the traditional centralized distribution models of content.
Industry Implications
1. Blockchain Technology - Applying blockchain technology to social networks and content platforms provides disruptive innovation opportunities for improved transparency, security, and user rewards.
2. Publishing and Media - Integrating cryptocurrency content rewards into publishing and media industries offers disruptive innovation opportunities to incentivize quality content creation and engagement.
3. Digital Marketing - Leveraging peer-to-peer content networks and cryptocurrency rewards in digital marketing disrupts the traditional advertising models by enabling more targeted and engaging campaigns.
4.6
Score
Popularity
Activity
Freshness
