Ethereum Blockchain to be used to find the next K-Pop Idol

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September 3, 2018 by
Ethereum Blockchain to be used to find the next K-Pop Idol

Blockchain  innovation believes transformed the technological globe, used is several spheres like remittance repayments, health center documents, circulation of universal basic earnings etc. however one of its most fascinating applications is in Korea’s show business.

The South Korean home entertainment service provider, z-POP Dream Project plans to make use of the technology to find the new K-Pop celebrity as well as construct the upcoming home entertainment system. K-Pop or Korean Pop has actually ended up being the new face of the Korean show business, with its popularity not just limited to Asia however has actually spread out throughout the world.

The intention is to build a wide variety of skill as well as an overarching framework for the exploration of new skill for Z-POP worth a tremendous $46 billion, as voiced by their Chief Executive Officer Jun Kang to the Korea Herald.

Voting, being just one of the essential facets in the talent company will certainly be improved an Ethereum blockchain, in order to make sure protection and openness of the tally. The objective of this connection will certainly be to support and aid grow skill, raise their fan base and also assistance develop future pop stars.

A “Celebrity Development” segment is likewise on the cards, with the Z-POP Dream Audition being held in the adhering to places: Korea, Hong Kong, Japan, the Philippines, India, Indonesia, Vietnam, Malaysia, Taiwan, as well as Singapore.

A token system has actually also been carried out for this program, with a preliminary token offering scheduled for October. The token system will certainly operate with a two-pronged goal, to create a sustainable foundation for the project to make sure that it could expand and also the other will certainly be to produce a global monetization system that will certainly build a structured process to channelize the token revenue created by the organisation.

Z-Pop Desire will certainly have its own cryptographic token, the ZPOP coin, which has a whitelist price of $0.08 for 1ZPOP. The overall supply will be 4 billion tokens, 1 $10 million soft cap, and a $100 million tough cap.

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