Spuul, Movie Platform with 60 Million Users, to Build new dApp Spokkz on Ontology
Ontology, a new high-performance public multi-chain project and a distributed trust collaboration platform, and Spokkz, a new content dApp produced by Spuul, have announced a partnership to build Spokkz on the Ontology MainNet, using Ontology technical infrastructure for their new platform.
Spokkz was born of Spuul, an existing platform which gives its 60 million users across Asia and the world the ability to stream, download, and watch over 10,000 hours of Bollywood movies. With Spokkz, the team aims to go further than simple tokenization of the content industry. The Bollywood-led media machine leaves numerous markets out of their model. Meanwhile Malaysia, Indonesia, and India are huge markets for media, but they are all ignored by studios that cater to the so called “first-world” demographic. When people are on the Spuul platform, the Spokkz token will let them connect directly with media producers, and support narratives that tell the stories they find meaningful.
Ontology’s core strategy is to be used for real world business scenarios, which is reflected in its core modules which include a complete smart contract system, distributed ledger system, distributed identity framework, distributed data exchange, and more. Likewise, Spuul believes the next generation of technology will not be accomplished through new hardware, but rather with innovation in what we already have. Spuul will use its existing industry insights to build Spokkz using Ontology’s infrastructure and create a product with real use cases for the content industry. In addition, Spokkz will adopt Ontology’s distributed identity framework — ONT ID — for users on their platform.
Speaking on the partnership, Subin Subaiah, Founder of Spokkz, said:
“Working with Ontology is a huge opportunity for us. Not only do they bring a well thought out infrastructure but, the combination of SPOKKZ’s large user base and Ontology’s stellar technology will be a game changer for the entire token economy. Ontology’s Trust system and SPOKKZ’s decentralised content creation and content viewing is truly a marriage of two significant players who are committed to the decentralised economy and who have the technology and proven track record to ensure a successful collaboration”.
LI Jun, Founder of Ontology, added:
“The core modules Ontology has built and are continuing to enrich are all linked to real business scenarios, so we are pleased to work with Spuul who will take an existing user base with millions of users and design a new project. Spokkz will use decentralized technology to make a product which gives individuals a voice in an industry that is traditionally centralized”.
About Spokkz
Spokkz is being issued by Spuul, a pioneering and established OTT player with over 60million users in 180 countries generating revenues of close to USD15mm. Spuul has decided to migrate some of its solutions to the blockchain and to tokenise it’s business with Spokkz. Spuul is recognised to be an innovative, full stack, pure play tech company that has built it’s enterprise in collaboration with premium providers like AWS (for whom they are a case study).
A live platform, an experienced tech and business team, deep connections into the media industry and an influential advisory board puts Spokkz way ahead of the competition. Spokkz is dedicated to Mr Spock of the Starship Enterprise and hopes to represent all that he stood for — clarity of thought, cold/hard logic and the courage “ to boldly go where no one has gone before.
Spokkz will transform the media consumption business from being a purely transactional play to a community driven economy.
Website: www.spokkz.com
Telegram: t.me/SpokkzOfficial
Twitter: www.twitter.com/SpokkzOfficial
Facebook: www.facebook.com/spuul
Blog: www.medium.com/spokkz
Reddit: www.reddit.com/r/Spokkz/
Find Ontology elsewhere
Ontology website / Ontology GitHub / ONTO website / OWallet (GitHub)
