Blockchain modern technology has no doubt changed the technological globe, utilized is numerous balls like remittance payments, hospital documents, circulation of universal fundamental earnings and so on yet one of its most interesting applications remains in Korea’s show business.
The South Korean amusement supplier, z-POP Desire Project means to make use of the modern technology to locate the new K-Pop star as well as construct the future entertainment system. K-Pop or Korean Pop has ended up being the new face of the Korean entertainment industry, with its popularity not simply restricted to Asia but has actually spread out throughout the world.
The objective is to develop a wide variety of talent and also an overarching framework for the discovery of brand-new skill for Z-POP worth a whopping $46 billion, as voiced by their CEO Jun Kang to the Korea Herald.
Voting, being just one of the vital elements in the talent company will certainly be improved an Ethereum blockchain, in order to ensure security and also transparency of the tally. The goal of this partnership will certainly be to support and also assist expand ability, raise their fan base and aid develop future pop stars.
A “Star Development” section is likewise on the cards, with the Z-POP Desire Tryout being held in the complying with places: Korea, Hong Kong, Japan, the Philippines, India, Indonesia, Vietnam, Malaysia, Taiwan, as well as Singapore.
A token system has actually also been implemented for this program, with a first token offering scheduled for October. The token system will operate with a two-pronged purpose, to create a sustainable foundation for the task to ensure that it can expand as well as the other will certainly be to create a worldwide monetization platform that will construct a streamlined procedure to channelize the token profits generated by the service.
Z-Pop Dream will have its very own cryptographic token, the ZPOP coin, which has a whitelist price of $0.08 for 1ZPOP. The complete supply will be 4 billion tokens, 1 $10 million soft cap, as well as a $100 million hard cap.
Brunda is currently a Blockchain Correspondent at Ontologywiki and has been in the journalism industry for more than 4 years. She churns out different articles on cryptocurrency and Blockchain technology. With writing as a passion and profession, she has previously written several articles on lifestyle, health, cricket, and entertainment. When she is not writing, she is busy binge-watching TV shows or movies.