Blockchain For the Media Industry
In the digital currency space, TRON is certainly a unique project.
TRON aims to use blockchain to disrupt the world's global entertainment system, which is a $1 trillion industry. TRON was founded by a Singapore-based nonprofit foundation. The digital currency native to the network is called Tronix (TRX).
Now, in order to begin to understand why TRON is so unique, potential investors need to take a look at why blockchain has the potential to revolutionize the entertainment industry.
Decentralizing that kind of power would be groundbreaking.
And the TRON network is seeking to be this disruption in a few different ways.
Within the TRON network, users have the freedom to publish and store data.
And through a subscription model, other users can support artists or individuals without having to go through a central authority. In today's industry, in order for an artist to generate money, they have to host through a central site. But because of blockchain technology, individuals can connect directly with their audience, eliminating the need to share funds with a middleman.
As an added benefit, because of the encrypted and secure nature of blockchain, artists who use the TRON network can do so knowing their content is safe from fraud and counterfeit.
The TRON network also will allow individuals to execute their own initial coin offerings (ICOs). At the time this Coin Index was compiled, ICOs were in a tenuous place.
At the start of 2018, the Securities and Exchange Commission had come forward saying that while it will not ban ICOs, it certainly plans to regulate them. In the short term, this may make ICOs more difficult to execute on an individual level.
However, in the future, if ICOs become a tool for artists and individuals, having a platform built to execute ICOs could be incredibly valuable. It would return crowdfunding to the individual.
In the TRON ecosystem, individuals can also gain Tronix tokens by sharing or interacting with user content.
If you’re interested in learning more about the TRON platform, you can visit its website here.
The white paper can be accessed here.
How to Buy the TRON Digital Currency
Tronix can be purchased on a wide range of exchanges, including Huobi, Binance, and Bitfinex.
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