[ICO REVIEW] What is Viewchain? A platform providing Decentralized Content Distribution by utilizing Blockchain, IPFS and Zapya

ICOgens Platform
Sep 4, 2018 · 8 min read

There is a big issue of the news platform like Youtube and Toutiao (a large Chinese news platform) which is the over content production and distribution with very little, event without content copyright and value control. Viewchain aims to address this problem by utilizing Blockchain, IPFS and Zapya. It empowers authors and content managers to promote the content and take majority of the income generated from them.

General information

Website: https://viewchain.org/

Whitepaper: https://viewchain.org/ViewChain.pdf

Ticker: VIEW

Token Type: ERC223

Hardcap: TBA

Token total supply: 10,000,0000

Telegram: @ViewChain

What is Viewchain?

ViewChain is a blockchain-based content distribution platform for content storage, copyright tracking content distribution. The platform aims to promote the creation and sharing of content, particularly in developing countries by utilizing Blockchain, IPFS and Zapya.

How does Viewchain do?

With the desire of building a decentralised content distribution system, ViewChain leverages 2 platforms that allow efficient file sharing and distribution, namely Zapya and IPFS.

Originally in China, Zapya is a P2P (person-to-person) sharing network operating, now beginning to find a foothold in new markets, largely Asia and the Americas. Its majority of user base comes from developing countries that do not rely upon the Google Play store or Apple’s iTunes one as their main source of content distribution. The best way to take advantages of Zapya’s user base is to develop the original function of the application and make it become a platform for content distribution. Based on this method, there are 576 million users worldwide already available to be incorporated into ViewChain.

The original function of Zapya was to transfer files from one device to another. In order for this function to evolve into Viewchain system, content creators need to be allowed to register their copyrights on the blockchain. Once their copyright is registered, they can then publish content. As soon as that has occurred, the content curators will need to be encouraged to, publish, and promote content in their domains of expertise. Meanwhile, new content and content curators will need to be found in order to enrich the experience.

The main issue of Zapya is the limitation of phone storage, which limits content selection. To overcome this, Viewchain is going to combine Zapya with IPFS (InterPlanetary File System). IPFS, a further advancement in file sharing, using blockchain protocols to present a new level of efficiency and power in a decentralized model, will remove the limitations posed by phone storage and will allow users to publish and promote content that has been stored in other locations besides their phones by creating a secure and efficient decentralized internet.

With the use of these two successful tech solutions, ViewChain creates a system for easy creation of content stores, similar to stores like the iOS App Store and Google Play, combined with a platform like YouTube. Stores connect with content creators, source customers, and facilitate payments, while the copyright of hosted content remains in the hands of creators.

Another challenge that Zapya faces is how to ensure that the international payment system is easy to use. Viewchain solves this by combining Zapya with blockchain; hence, each party’s contribution is recorded and duly compensated. Thus the structure of ViewChain is the combination of Zapya, IPFS, and blockchain.

The ViewChain system’s contributions to the Blockchain protocol stack include the enhancements to the P2P layer above Blockchain layer. There are 3 layers related to P2P, the network layer (Zapya phone to phone file transfer protocol), the P2P storage (an open source IPFS integrated with Zapya allows every phone display unlimited amount of content) , and, the user layer in Zapya (a people-people private file sharing protocol where people share files 1-on-1, and KOLs (Key Opinion Leaders) exchange private files because they have large followings and long standing trust in the community.

ViewChain lowers the barrier for opening a content store for users. There is no need to set up a website, acquire and populate online storage with content, and purchase ad campaigns on social media. Higher reputation scores for stores will result in more customers finding their store, therefore more opportunity to gain revenue. Income generated is split fairly between curators and content creators.

Stores are given reputation scores, recorded on an immutable blockchain ledger. Each store’s “reputation” is measured by the following metrics:

- Number of visitors
- Quality of contents, measured by ratings
- Number of followers
- Number of interactions, likes, comments
- Number of rewards
- Number of punishments

The rewards and punishment rules are shown as below.

Viewchain token

Viewchain is built in Elastos ecosystem and can support Elastos. Viewchain token’s type is ERC223, which is an upgraded version of ERC20, compatible with ERC20 and more secure than ERC20. The symbol of viewcoin is VIEW. VIEW is used to enable the incentive system to appropriately reward all involved parties in View ecosystem like store owners, content creators and consumers, for a wide range of services, such as content discovery, advertising, and fees relating to store operators’ use of the IPFS framework. It can also be used for trading, investing in digital assets, paying for blockchain processing fees and so on.

Token distribution

Roadmap

The project has a quite detailed roadmap available, showing their development milestones quite clearly. However, in the github there is no public repositories so that we can’t see the real activity of the team as well as the development process of the project. I contacted with one of Viewchain community managers, he revealed that the team will public the repositories in the near future.

Team

There are 2 team members listed on the website. They both originates from China, and are the co-founders of DewMobile, the company responsible for Zapya. These founders also come from Silicon Valley and show good knowledge & great experience. However, there are no social network account links connected to the website so we can’t verify whether their information is true or not.

Frank Wang, CEO and founder of Viewchain

He is also the Co-founder and CEO of DewMobile. Previously, Wang had a lot of experience in P2P wireless networking when at Azalea Networks in San Jose, CA, a company he sold to Aruba Networks (now part of HP).

Steve Gu, Co-founder of Viewchain

He is also the co-founder and Senior Vice President of Dewmobile. Previously, Steve is a software professional in Silicon valley with years of experiences in developing wireless mesh equipments at Firetide, developing optical switch at Ciena and developing wireless PBX and ATM switches at Nortel.

The rest of the team isn’t listed on their site, although it is assumed that they will be most from DewMobile.

Advisors

The advisory board behind Viewchain seems quite strong. They are also the personal investors of the project. Below are some interesting information about them.

Rong Chen
- Chief Advisor
- Chairman of Elastos Foundation
- Director of Tsinghua University iCenter

Feng Han
- Co-Chief Advisor
- Board member, Elastos Foundation
- Visiting Scholar & Research Associate at Columbia University
- Advisor at Huawei Central Institute

Jihan Wu
- Advisor
- CEO of Bitmain, The world’s first consumer-grade 16nm ASIC miner, the World’s most power-efficient bitcoin miner and the World’s best ROI for any bitcoin miner.

Community

Viewchain is currently at its beginning, thus there are not so much hype from community. The telegram group just has more than 6 thousand members with a little activity. From my point of view, this project may appeal more attention from community along with its development in the future.

Verdict

Strong points:

- Viewchain is backed by some famous influencers like Rong Chan, feng Han and Jihan Wu.

- The roadmap is quite detailed, informative with deadline.

Weak points:

- Currently in the github there is no public repositories so we can’t see the real working process of Viewchain team.

- Low Hype from community.

In conclusion, Viewchain comes up with an interesting idea about creating a decentralised content distribution. But it has quite many competitors, particularly Contentbox.The hardcap and the lockup period are still unknown. Therefore, it is necessary for you to wait for more important information before making your own decisions. In the current crisis cryptocurrency market, if the hardcap is lower than 10 million and the project draws more attention from community, we can hope for the profit from Viewchain in the future.

Rating from Icogens:

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*Note: All the information (on icogens.com) including tokens sales, “interest level”, ROI rate, hype rate, risk rate are our subjective opinion and only for informational and educational purposes. The information ICO Gens provides is not an investment advice.

HYPE: is defined as the level of concern over a project and its FOMO. This score is based on the number of people joining a project’s social channels such as Reddit, Telegram, Twitter, Facebook, Bitcointalk, Medium or Slack as well as the number of review articles produced by the third party.

RISK: the risk rate of the project. Based on this score, you can find more spam warnings of the project. More specifically, RISK is about the transparency of the project, its idea, members of the development team, roadmap and whitepaper. (RISK is rated regardless ROI rate of the project).

ROI: (Return on Investment): the rate of profit a project can bring to investors (ROI is considered separately from RISK. ROI can be rated High and RISK can be rated High as well).

TERM: this factor reveals the length of time you should hold token or coin of a project. The period of time can be Short, Medium or Long.

ICOGENS’ SCORE: this score can be decided by scores of four other scores or it will reflect the level of interest ICOGENS’ team has in the project. This score is separated from ROI score. It just shows how much Icogens core team concern the project.

This is a Article about Viewchain review with 4 languages namely Vietnamese, Chinese, English and Korean. Can you check here

source: ICOGENS.COM

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