Our main goal is to remove the middleman between the creators and their audience by easing complicated structures of content monetization and allowing creators to fully tap into the potential and live streaming while earning by doing what they love. Blockchain technology is a gateway to the future that we are building and this article explains how we will achieve that.
How deep blockchain technology is already integrated into our society
The versatility of blockchain technology is truly exciting, extending its reach far beyond the confines of digital currencies and collectibles. One of the most diverse applications lies in the realm of the Internet of Things (IoT).
Asset tracking, inventory management, and the integration of IoT have become hallmark blockchain applications within supply chains. But there’s more. By blockchain technology integration, IoT devices can now diligently record data from sensors placed in the frigid Arctic, the dense Amazon rainforest, bustling manufacturing hubs, or even on NASA drones exploring the Martian terrain.
Aaron Rafferty, a visionary in the cryptocurrency domain, founder of R.F. Capital, and co-founder of Standard DAO, a decentralized, community-driven treasury powered by blockchain, elaborates on this expansive potential. He states, “Blockchain’s prowess isn’t limited to just digital transactions. Whether it’s analyzing chemical compositions of different oil grades or monitoring electronic shipments as they traverse the globe, touching multiple ports — wherever there’s data interfacing with the tangible world, blockchain can be the bridge.”
Take the healthcare sector, for example. David Brown of Qatar Precision Medicine Institute points out its potential: from enhancing electronic medical records to safeguarding genomics data. Precision medicine, which tailors treatments based on one’s genomic makeup, is gaining traction. Brown notes, “Blockchain facilitates the creation of innovative drugs, all customized to an individual’s genomic structure.”
Overall, blockchain has opened up the gates to the next stage of the development of each of our key sectors — and who knows where it will take us!
MetaPax blockchain integration
MetaPax aims to empower creators by eliminating intermediaries and ensuring direct and transparent transactions between creators and their audience. By harnessing the power of blockchain technology, MetaPax is set to revolutionize content monetization as the main use for blockchain will be for the processes of billing. In this way, we will be able to form an independent global community without any restrictions when using the services of another person across the world.
Use Case: Football Clubs & Music Bands and live commerce
MetaPax is set to be a global platform uniting fans, creators and people all around the globe: and there are many of us. Take it one of the largest football clubs, or a world-famous band like Metallica with millions and even hundreds of millions of fans. Utilising the power of live commerce, the audiences would be able to purchase items during the live streams — all at the same time.
With millions of fans globally, only a fraction can transact seamlessly online. Besides the issues of delayed payments and slow transaction time, 1.7 billion adults worldwide remain unbanked, having zero access to an account with a financial institution or a mobile money provider. And to participate in the global financial sector, whether it is to make a digital payment or manage one’s wealth, one must have access to a bank account.
Blockchain addresses these inefficiencies, offering near-instantaneous transactions at a fraction of the cost. Moreover, it bypasses the limited banking system and enables literally anyone around the globe to enter the creator’s economy by simply creating a crypto wallet and entering the unlimited world of Web 3.0.
By adopting blockchain, MetaPax is not just leveraging current technology but is future-proofing its platform. We are and will continue to implement all innovative technologies available to make MetaPax user experience as smooth as possible and to make the booming creator economy as accessible as ever.
