The relationship between Pollchain and the protocol economy

A platform economy is an economic structure in which a specific person or group manages everything and circulates in a centralized system. Although the current economic structure is familiar to many people, the protocol economy is drawing attention as a solution to the recent intensification of the monopoly problem of the groups that manage the platform.

The protocol economy has a decentralized system with an economic structure that circulates according to rules agreed upon by all economic participants, such as individuals, companies, and governments. The key to the protocol economy is that all participants are given equal opportunities and rewards are distributed.

In order to realize such a protocol economy, a P2P system in which individuals trade with individuals must be implemented. Accordingly, blockchain technology, a data storage technology that records transaction details in a ledger that can be seen by everyone, is attracting attention.

Pollchain created a protocol economy unique to Pollchain by combining blockchain technology and voting to create a knowledge-sharing SNS where all ecosystem participants can receive rewards fairly. POLL tokens are awarded as a reward for providing data to both those who voted and those who participated.

The collected data creates new value and further increases the value of Pollchain. And accordingly, it is Pollchain that has built a protocol economy with a virtuous cycle structure in which ecosystem participants are further expanded. In the future, Pollchain will become a leader in the protocol economy.

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