Blockchain technology has no doubt revolutionized the technological globe, made use of is a number of balls like remittance settlements, hospital documents, circulation of universal fundamental earnings etc. however one of its most intriguing applications is in Korea’s show business.
The South Oriental home entertainment provider, z-POP Desire Job means to utilize the technology to find the brand-new K-Pop celebrity and build the approaching amusement system. K-Pop or Oriental Pop has ended up being the new face of the Oriental entertainment industry, with its popularity not just restricted to Asia however has actually spread throughout the world.
The intention is to construct a huge selection of skill and an overarching structure for the discovery of brand-new ability for Z-POP worth a massive $46 billion, as articulated by their Chief Executive Officer Jun Kang to the Korea Herald.
Ballot, being one of the vital facets in the ability company will be built on an Ethereum blockchain, in order to make sure safety and security and also openness of the tally. The goal of this connection will certainly be to nurture and aid grow talent, raise their follower base and also help create future pop stars.
A “Celebrity Production” section is likewise on the cards, with the Z-POP Dream Audition being kept in the following places: Korea, Hong Kong, Japan, the Philippines, India, Indonesia, Vietnam, Malaysia, Taiwan, as well as Singapore.
A token system has actually additionally been executed for this program, with an initial token offering scheduled for October. The token system will operate with a two-pronged purpose, to develop a sustainable structure for the task to make sure that it can grow and also the other will be to develop a global monetization system that will certainly develop a streamlined process to guide the token profits produced by the company.
Z-Pop Dream will have its own cryptographic token, the ZPOP coin, which has a whitelist cost of $0.08 for 1ZPOP. The overall supply will be 4 billion symbols, 1 $10 million soft cap, and a $100 million tough cap.
Brunda is currently a Blockchain Correspondent at Penguincoinforum 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.