The digital content Industry has been growing rapidly over the recent years. The issue of copyrights has long been a source of concern among the small-scale contributors whether they are writers, music producers or provide type of digital content to the internet. The publishers usually provide unbalanced incentives to the content contributors and demoralize them. It is essential to grant credit to individuals who subsidize their original content. The base of centralized networks, working as the middleman, commonly unfairly grant monetary benefits to these individuals. Additionally, the highly centralized content management methods are designed to only cater to the professional content generators, which minimizes the chance of the amateur but brilliant minds to stand in the spotlight. Not to mention content and copyright theft, that has robbed the content producing industry of billions of dollars.
This is where DACC comes in.
DACC stands for Decentralized Accessible Content Chain and is blockchain-based platform that enables the unrewarded contributors to collect the credit they are due. DACC essentially diminishes the role of the intermediary agent and allows the users to accumulate the streaming revenues directly. It also safeguards the privacy of users by keeping a log of accessed files. Additionally, DACC prevents files from being duplicated by tracking the same hash value and alerting the respective file uploaders. These content providers can also report instances of theft of their copyrighted content to the DACC admin committee who can subsequently take strict measures to elude of such an event occurring again as well as reward the reporter.
The Advisory board of DACC has a number of renowned professionals in the field of computer science, alumnus of reputable universities, and a great number of avid investors, mainly contributors to cryptocurrencies and blockchain based projects. The development team consists of a number of IT professionals and AI developers like Vincent Nguyen, who has an experience of 10 years and is the team lead. The AI tech lead is Jun Zhang who has extensive expertise in the field of machine learning. The CEO of TRON, Justin Sun, is also a part of the advisory committee.
The features that DACC will be integrating into the platform will revolutionize the entire ecosystem of content access and management systems. All the transactions will be recorded on a scalable public blockchain which will also have intrinsic identity and access management. Smart contracts will also be supported by this platform. The DACC file system will be able to track the generators of contents as well as the people in charge of distributing it. The DACC protocols will help the digital media companies to build their own decentralized applications in order to safeguard their content from being pirated and suffering from loss of revenue. They mentioned in their whitepaper,
In the traditional digital media industry, publishers took a significant amount of profits, which deters the motivation of content creators. The highlight of the DACC protocols is to the tackle the imbalance between creators, curators, referrers, consumers and developers.
They added on,
DACC aims to place content creators back to the center of the stage and eliminate the intermediaries that cause unnecessary friction of content creation. DACC will empower the content creators in the long run.
DACC will supply a total of 30 billion DACC tokens. The DACC token is based on ERC20 Ethereum token. The initial sale was supposed to hard cap at 30,829 ETH and ended within a week on 7 July. The funds accumulated through this sale will be used to aid research, development and establishment of the DACC as well as for building an experienced and talented team. They will also be utilized to cover the multiple expenses related to expansion and growth of the platform. DACC will issue less than 5% of total tokens each year to develop a DACC ecosystem and improve the liquidity of the DACC token.
DACC’s concept and team formed only in late 2017 and is still in the early phases of development. The blockchain development is scheduled to start in the third quarter of this year and will not be launched until next year. Users will have to wait another year in order for DACC to incorporate blockchain successfully and deploy the platform to the public. In the future, DACC expects its community to grow from 200,000 to millions and also hold developers conferences.
Briefly, the lack of autonomous platforms enabling content developers to freely monetize their hard work has created an imperative need for a decentralized platform such as DACC. It will be truly a revolutionary platform for people producing content to freely publish their work without the fear of it getting pirated or stolen. This platform could essentially act as a building block of a future where the Internet in its entirety will be a tamper proof distributive Ledger.