Ink Announces Building a Global Cultural Asset Economic System Based on Qtum Blockchain
The Ink protocol is a decentralized solution for a wide range of global cultural industries, including sovereign consortium blockchains, trusted public chains, and cross-chain interactions. Recently, Ink announced that it will build a global cultural asset economy based on the Qtum Blockchain, a global public chain platform, to carry out its global distribution in the cultural industry.
First of all, based on the global stable and reliable public chain Qtum blockchain, Ink set up a “cultural asset trading platform”. The platform can realize IP asset securitization transaction, and through smart contract, to achieve the ownership of the massive cutting, transfer process tracing, revenue management, making investment of IP assets becomes small and civilians. It can shorten the investment period so that author can get his profit earlier. Besides, the use of public investment can better integrate IP and fund, more conducive to achieve long-term, global commercialization of high-quality IP.
Second, Ink will issue its utility token — INK based on Qtum ‘s token standard. INK as an important economic tool, will be used in many scenes, such as consumption, dissemination and other content behavior, and cultural assets trading platform.
More importantly, Ink cross-chain interaction protocol is not only the biggest technical highlight in the Qtum chain platform, but also the core technology support of development of decentralized IP ecosystem.
The most straightforward application scenario for cross-chain interaction protocol is a certain IP asset token based on the Ink standard issued by the Qtum chain. A holder can safely transfer a portion of its tokens to a consortium chain within a sovereign country (hereinafter referred to as “sovereign consortium chain”) to carry out circulation and get benefit from localization services provided by the consortium chain. The circulation of tokens in such consortium chain can be achieved through the transfer, implementation of smart contract and etc., in the meantime the token can be transferred back to Qtum network when required by users.
At the beginning, Ink cross-chain interaction protocol, will achieve the value connection between Ink sovereign consortium chain and Qtum.
Ink Sovereign consortium chain is a self-developed high-performance block-chain solution that follows the specifications and standards of the hyper-ledger project and conducts a series of typical application scenarios (such as cultural industries) for credible sovereignty Self-transformation and enhancement. The Ink Sovereign consortium chain not only inherits all the superior features of the hyper-ledger fabric, but also on this basis, carries out a series of innovative designs such as token and multi-asset account implementation, incentive mechanism, storage under the content chain, cross-chain interaction support and so on.
Ink sovereign consortium chain have accumulated impressive copyright assets in cultural industry. Now Ink team members are engaged to create and build a decentralized ecosystem for culture and entertainment industry through ink cross-chain protocol, Ink sovereign consortium chain, cultural asset trading platform and INK token system. And in ink culture ecosystem, Qtum chain will become the main bridge of transaction value and asset.
But again, the cross-chain interaction between ink consortium chain and Qtum chain is just the beginning of developing a global economic and culture ecosystem — Ink will use cross-chain interaction protocol to break the value of different sovereign consortium chains, and actively encourage and promote more cultural Sovereign consortium chains to join Ink global culture and economic ecosystem, build on Qtum public chain.