Integration of Blockchain and Contents Industry Seminar: How KStarCoin Changes the K-Pop Industry Better
May 17th, ‘Integration of Blockchain and Contents Industry’ Seminar, Seoul, Korea. The seminar introduced cutting edge blockchain technology to the world and show their visions and bring changes into many other industries. The sessions were divided into two; First session speeches were made out of LG CNS, EDRAkorea, Plactal while the second session featured blockchain ventures, KStarLive and the professor Hyunjong Kim gave speeches.
LG CNS introduced their new blockchain platform ‘Monachain’ and EDRAkorea talked about their vision for the better economy from their blockchain mobile platfrom and Plactal CEO Chunil Kim shared his experience on tokenizing billions of gamers’ playdata. In the second session, CEO of blockchain ventures explained how gamer can tokenize their in-game currency and trade them for any other games’ currency without censorship or friction.
CEO Heeyong Lee from KStarLive pitched their blockchain platform of Korean-wave community and professor Hyunjong Kim raised the voice for developing blockchain technology in the fourth industrial revolution and how to make the best use of blockchain human resources.
Companies are trying to be involved with blockchain technology for the fourth industrial revolution since their belief of its impact will be huge for their industries. CEO of KStarLive said that K-pop industry is getting bigger and bigger everyday but there are so many inconveniences for their fans. Basically for K-pop fans, geography does matter to them. Even just buying things and sending gifts cost a lot and so complicated. However, the CEO said that through their blockchain platform, the whole process of purchasing and paying will be much easier than before. But this isn’t the whole story of KStarLive.
Not only that user’s active participation on their community platform helps the whole economy of its own community, but also users would get rewarded just by reading and uploading their contents; Everyone in the community get rewarded. This is the big difference from Steemit which only rewards for people who have gotten ‘Likes’. Another problem that were pointed out from Steemit was their ‘Whales’. Whales are influential users from Steemit, but their influence on Steemit is just too powerful. Some say, our society works the same way, so it shouldn’t be a problem. “But if the efforts have made by users go to zeros, who will be left from Steemit when there are other better platforms? Nobody, maybe except for whales”, CEO HeeYong Lee insisted.
To construct a better community for K-pop fans for all around the world is a must job said the CEO in the seminar. “Somebody should must do it for the nation since K-pop industry boost other industries also: beauty, fashion, tourism and for the better branding for its own country itself because K-pop industry has changed the way people see Korea.”
