HANGZHOU, China, Aug. 10, 2018 /PRNewswire/ -- Following its
successful debut at the Blockchain Festival Summit in Ho Chi Minh City and awarded the Most
Impactful Blockchain Project Award at the 2018 Global Blockchain
Technology Development Conference, Insee Network is commonly
branded to be a dark horse in the industry with the potential to be
the next NEO. By building a decentralized data processing and
analysis network and supporting third-party developers in
building their own applications,
the goal of this rising star seems
more clearly at this point, namely,
to build the world's largest visual collaboration network.
"Contribution is trading, trading is liquidation, liquidation
is equity"
This was the mantra espoused by the Insee Network founder and
CEO Bright Yu in Shanghai on
July 26, 2018 at the "Blockchain
Project Introduction & Investor Happy hour", and it is a core
value of the Insee project. Through the blockchain upgrade and
clearing system, and taking the
film and television industry as its main point of application, the
project generates content data from the film and television
industry directly in the chain, which is achievable with current
blockchain technology. In addition, it addresses many of the
problems that afflict the film and television industry by using
blockchain technology to change the liquidation and equity delivery
methods, and then improve the equity distribution system within the
industry.
As an experienced investor in the film and television sector,
Bright Yu is aware of the problems in the Chinese film and
television industry, such as
lack of transparency of funds and unclear
investment information, and the technical transformation of the
liquidation process through the blockchain. Mr Yu's greatest
contribution to the applications world is to make all deals
transparent by allowing anyone to contribute to the immediate
liquidation of a smart contract.
"Compared to the traditional film and television end, Insee's
DAPP optimization lies in decentralization."
Bright Yu spelled out the crucial differences between Insee's
DAPP and traditional video-end
APPs with this statement during a press conference hosted by Insee
Network in Beijing on August 1. To become the largest visual
collaboration network, DAPP's ability to support the third-party
development and building of applications is crucial.
Bright Yu took iQiyi, one of the China's largest online video platforms, as an
example. iQiyi's business model is to provide users with
high-quality content that they want to see while capturing the
users' data flow and earning profits through advertising distribution. iQiyi's use of
background data flow illustrates the lack of transparency inherent
in the current system.
In comparison, the DAPP built by Insee is more about deblocking
use of blockchain technology.
In addition to changing the entire film and television environment,
novels, short videos, live broadcasts and games are all areas that
Insee wants to optimize. Mr. Yu
also announced the progress of the entire project at the
conference: in the fourth quarter of 2018 there will be two types
of DAPP online, one is based on live broadcasts, the other is based
on video content. Insee will also test the network in the first
quarter of 2019 and the main network will be unveiled in the second
quarter.
About Insee
Insee is an Al-powered decentralized global visual content
collaboration network, creating an accessible, decentralized and
transparent ecosystem, where nodes are not only users, but also
co-creators and shareholders of visual contents. The contribution
of nodes will be recorded and tokenized on the blockchain, thereby,
creating an ecosystem of engaging content co-creation and efficient
equity settlement for each participant. For more information, visit
insee.io.
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SOURCE Insee Network