Social networks are absolutely nothing without its users, I doubt mark even has a Facebook account, just saying. Facebook is said to receive over 3 million articles per minute and giving over 2 million likes per minute as well. This post and likes are conducted by individuals like you and I who are in various corners of the world and not Facebook officials.
When you take a good look at this and say let every user take back his/her post they have ever posted, these social networks will be nothing. And despite the robust benefits users are continually adding to these social networks, they are neither being rewarded and they are continually faced with various challenges.
CHALLENGES FACED BY INDIVIDUALS ON SOCIAL NETWORK
Below are some of the problems which have plagued users over the years on social network:
- Lack of reward mechanism: users who are the main reasons social media owners are making millions and even billions in some cases are not rewarded a dime from content they post.
- Lack of security: with the growing cyber-attacks, one would expect that these multi-million-dollar social network platform would increase security measures in other to prevent attacks. But with most recent events such as Facebook losing millions of user data, we know that the security of various social network platforms is sloppy.
- Sales of user data: its common knowledge that majority of the social network out there sell user data to advert companies without the knowledge of users in order to make more profit. If you ever wondered how come the ads you see mostly speaks to your current needs, that’s the social network selling of your data to ad companies in order for them to be able to place targeted audience.
INTRODUCING THE FORESTING SOCIAL NETWORK
FORESTING is creating a social network which will reward its users for their participation on the platform and also so offer them security using blockchain technology. FORESTING is a social media based on the blockchain which will be opposing the traditional social media network and everything it stands for with its unique and innovative features.
THE FORESTING SOLUTION
The platform will be making use of blockchain technology in creating unique and innovative social network. At its first stage, the platform will be making use of the Ethereum blockchain and after completion of its first phase, it will be making use of its own blockchain which is currently under development with its crypto token (PTON).
In place of the usual need for a use of password for your social media account, FORESTING will be applying a private key/ public key encryption with the use of blockchain rather than making use of the archaic account information login method. But because of the complexities of managing a private key, FORESTING will be supporting a solution which will make it easy to manage login information.
This solution will support EVM and ERC-20 in order to create a foundation for accepting Uport identity services (a user personal identification Dapp) on social media platforms by adding relevant logic to the smart contracts which should decrease the burden of key cancellation, key management and recovery.
Users will be rewarded for various contributions on the platform such as creating video and audio contents, liking and commenting on posts and many more. The platform will also be making use of a voting mechanism which will allows users in the community to up vote or down vote uploaded contents.
Like every other blockchain project, FORESTING still seeks funding through its initial coin offering which is currently ongoing. This is an innovative projects which I believe will benefit you greatly if you become part of their ICO. For more information about the ICO please visit the following links below:
Bitcointalk username: Sorento
Bitcointalk profile URL: https://bitcointalk.org/index.php?action=profile;u=2318597