Introduction
- DACC is the world’s first content-based blockchain that features identity and access management (IAM) at the infrastructure level.
- It allowing protection for content distributed and held on the chain, as well as the ability for developers to create dApps with integrated IAM features.
- There are three key problems DACC wishes to solve:
- personal data theft
- IP piracy and
- Monopolization of monetization
All relating to the way centralized corporations (Facebook, for example) manage digital content. By building IAM protocols into an immutable blockchain ledger, the team hopes to provide solutions to these problems that were previously unavailable.
It is pertinent to mention that DACC is the first block chain project that brings IAM at both the chain and the file level; providing direct IAM from user identity to file access.
Having examined what the project is all about, it is glaring that they are out to ensure the security of the users’ profile and data and grant the user opportunity to oversee to his data and IP without interference. Let’s quickly look at the goal of this platform.
A very huge conflict exit between users privacy and the advertisement industry. Unclear data ownership, content creators, and the followers need to verify all rights of access of network data. When it comes to industrial infrastructure, it is going backward in terms of operations, it lacks an effective IP protection system. This is the main reason and purpose DACC came into the digital content industry to solve all the problems and challenges.
Problems in the Digital Content Industry
The major problem in the digital content industry is protection. Digital content platforms have been unable to efficiently protect their users’ data and content creators on their part are guilty of producing the required content quality.
Another problem lies to the point raised by content creators positing that there had been records of annual content privacy amounting to about $12.5 billion in the US music industry and another $31.8 billion in global online television and movies.
There are also limited finance and the required knowledge and approach to deliver high-quality and effective content is lacking. On the other hand, there is no evaluative tool in place to ascertain the effectiveness of created contents.
The user data market is quite huge and it is posited that about 5.1 billion people use mobile phones; about 3.1 billion persons use the social media and another 4.0 billion use the internet. It is therefore a topical issue on how content and media platforms utilize the data of users on their platforms.
A case study is the social site, Facebook where the data of about 87 million users were released to third-parties. Such platforms are also in stiff competition with each other over the control of streaming revenues.
The Blockchain Approach
There were records of rapid growth in cryptocurrencies and other blockchain-based platforms. The popular cryptocurrency, Bitcoin, hit an all-time value haven moved from $0.003 USD to $20, 000 UD.
The blockchain technology on its part created innovations such as smart contracts and tokens and even decentralized applications and platforms.
The blockchain technology offered disruptive tendencies and is now regarded as the web 3.0 called the internet of value.
The blockchain technology is to be used in solving problems found in the digital content industry and the key concept behind this is the blockchain-based platform called DACC.
DACC Benefits
Content creators, curators, and consumers will all be properly and fairly incentivized to build a community that places curators at the center stage.
A full suite of developer tools will also be created for any user or entity to effortlessly build and develop content related decentralized applications (DAPPs)for any digital media platform on DACC.
The DACC foundation will set aside a special fund called the community development fund via DACC labs, to incubate developer community to create innovative DAPPs on DACC platform.
DACC treats access to content and user network data as a transaction thereby allowing greater user sovereignty and control over their creative content, their public social profiles, reputation and network data.
MILITATING FACTORS
Certain factors are militating against the goals and missions and they are those mentioned below:
Due to an unbalanced incentives among content creators, curators, publishers, and consumers, high-quality content that can contribute to the eradication of proliferation of the community could not be achieved and DACC is of the opinion that removal of the feature; data ownership and access management, from centralized interests should be implemented and given back to the owners and creators.
Most provided infrastructure does not allow amateur creators to showcase their talents.
The user’s privacy and advertisement, unclear data ownership, and information asymmetry are factors militating against their goals.
But, they’ve got a solution to these problems!
DACC is set to solve these problems through the combination of the blockchain infrastructure and IAM technology. The IAM technology is a system for securely initiating, storing and managing user identities and data access permissions.
DACC avoids content copy-and-redistribution through a de-duplication of files in DACC file system. They also reward a user who reports of a similar Content from different sources.
The proliferation like personal data theft, IP piracy, and monopoly of monetization on media platforms like Facebook and Yahoo are on the increase and DACC seeks to resolve these problems by integrating IAM concepts and technology into the infrastructure, block structure, and token economy of the platform.
Please note:
Security is of Paramount importance to DACC community which is why they implement a formal verification to ensure security over DACC block chains. They are also planning to implement a systematically exhaustive approach to build a mathematical model with codes, to consistently improve blockchain security.
DACC still wishes to let you know of some risk factors that are involved when dealing with them. Honesty and sincerity right? Lol, read on…
RISK FACTORS
The company’s white paper is prone to amendments from time to time. Amendments that might affect the utility and legitimacy of the token.
The platform and token are at risk with the constant change of cryptography technologies and techniques like code cracking, development of artificial intelligence etc.
Attempts to steal the DACC’s token sale proceeds might affect the foundation in their funding the development and maintenance of DACC token and platform.
Loss of private key automatically denies owner access to their token. Also, anyone who gains access to a holders wallet, email or participant’s account registered on the website, can claim the tokens.
DACC promises to strive to monitor the content shared by content providers and users to avoid a breach of intellectual property rights.
The sentence above elaborates DACC’s willingness to offer the best security service to its users.
DACC Token details
DACC has an ERC-20 standard token hinged on the Ethereum platform. 30 billion tokens are allotted to crowdsale and the crowdsale will continue till all tokens are sold. The token is the primary source of transaction on the DACC platform and allows its users have access to many services on the DACC platform.
Token Name: Decentralized Accesible Content Chain
Token Ticker: DACC
Platform: ERC20
Visit more details:
Website: http://dacc.co/
Telegram: https://t.me/dacc_official_group_english
Whitepaper: https://www.dacc.co/whitepaper/Dacc.pdf
Medium: https://medium.com/@daccblockhchain
Facebook: https://www.facebook.com/DACCblockchain/
Twitter: https://twitter.com/DACCblockchain
ANN: https://bitcointalk.org/index.php?topic=4456509
Reddit: https://www.reddit.com/r/DACCblockchain/
Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1696919
