What is SLATE?
SLATE: Entertainment Utility Protocol
SLATE is a blockchain-based entertainment utility protocol powered by a cryptographically secure multilayered network. The decentralized system will deliver low-cost, high-speed, high-definition video globally and facilitate live event ticketing on the blockchain. Consumers will be able to spend SLATE cryptocurrency (SLX) on some of the best entertainment the world has to offer. The use of SLATE enables fair and transparent compensation between creators, producers, and distributors. Creators are compensated fairly and consumers get higher quality entertainment. Tickets purchased with SLATE will be forgery resistant, virtually eliminating fraud. Service providers holding SLX can earn even more by storing and delivering content.
Blockchain Video on Demand (BVOD)
Movie theaters, television, and cable were all disrupted by the advent of streaming video on-demand. Now, Binge is poised to disrupt the streaming industry in a revolution driven by blockchain technology. Decentralized delivery yields low-cost, high-speed, high-definition media access for consumers everywhere. Binge’s BVOD™ service forms a bridge that connects creators and distributors to massive untapped audiences internationally.
SLATIX will use blockchain technology to create low-cost tokenized ticketing systems with compelling features. SLATIX’s deep analytics will be designed to make ticketing on the blockchain a better way for venues to connect with consumers directly and reward their loyalty. SLATIX tickets will be forgery resistant, virtually eliminating fraud. Small and medium enterprise can benefit from SLATIX’s low setup and operating costs, while the user-friendly app is intended to make DIY ticket distribution and redemption a snap.
Industry-Leading Open Analytics
Meaningful data is key to sound business decisions. Slate’s powerful analytic tools are designed to make market discovery easy by revealing local, regional, and global viewership patterns. Industry movers will gain a new creative edge when producing content. Detailed demographics help match likely consumers with content they love. Slate Analytics will offer unprecedented access to relevant network data. Creators can take control by accessing the database directly and customizing analysis. Slate’s Open Analytics aims to set a new industry standard.
Unrestricted Global Access
We believe that consumers are the only authorities that matter when it comes to content decisions. Not governments. Not companies. The blockchain gives power to the people. Binge’s decentralized distribution system is unstoppable, safeguarding consumer choice. Slate cryptocurrency will eliminate barriers to international commerce since the blockchain mediates payment to content creators and license-holders. Trustless transactions mean fast payments that bypass banks and bureaucracy, while still honoring the licensing agreements. Accessible content. Fair payment. The road to freedom is being paved by the blockchain.
The SLATE network consists of a primary network, the distributed ledger for the SLX cryptocurrency, and a secondary layer of “masternodes.” These service nodes store videos and deliver them to Binge customers. Masternodes also quickly secure the generation and redemption of forgery-resistant tokenized tickets for SLATIX. The genius of the network is in the aligned incentives: the SLX cryptocurrency motivates service providers to maintain an always-on global network.