Project Overview
Through the traceability, distribution, hard-to-change and other characteristics of the blockchain, as well as technologies such as hash algorithms, asymmetric encryption and substitution, and the support of millions of EOS operating systems High-level commercial transactions, low latency and free features, Future Copyright is committed to providing global general entertainment IP copyright holders with copyright storage certificates including polarity conversion, copyright certification, copyright registration, copyright transactions, online rights protection, content incubation, etc. An integrated one-stop entertainment copyright intelligent service.
The UIP project is still in its early stage, and there are many risks:
1. The new model proposed by UIP is a challenge to traditional giants and may lead to various resistances. To grow up quickly and survive, we can only wait for time to draw conclusions;
2. Whether a new business model can succeed or not needs to go through the baptism of the market, we can only judge from a logical and self-consistent point of view. But no one can accurately predict the future;
3. The valuation of UIP is quite high, and it is estimated that part of the reason for the high valuation is the need to purchase IP, just like Li Xiaolai purchased copyright for the pressone project, but it is because Investors who want to hype in the short term may be disappointed because of the high valuation;
4. The R&D is mainly undertaken by the Taiyi Cloud Technology team and guided by the eos team. Although the division of labor and professional cooperation is the trend, but After all, the communication cost is increased, and there is a certain risk (the team also has blockchain technicians, which can moderately reduce this part of the risk).
Project features
Business model of future copyright trading platform
The business logic of UIP can be defined as four layers as a whole, namely 1. IP digital copyright confirmation; 2. IP and IP derivative copyright transactions; 3. IP copyright rights and interests split; 4. IP rights and interests sharing
1. Digital copyright confirmation
The traceability of blockchain technology, Difficult to tamper and other native features will make the confirmation of digital assets very simple:
a. The user uploads the digital file they want to store to the UIP system, and UIP will generate the user block and calculate its hash value;
b. UIP records the root hash value of the user block Merkle Tree into the block anchoring the blockchain;
c. UIP broadcasts the root hash of the anchored block Merkle Tree to the blockchain through transactions.
Through the above mechanisms, UIP will reduce the cost of user certificate storage to the greatest extent, and at the same time ensure that the storage certificate data is broadcast to the public chain, so as to ensure that the storage certificate data is difficult to be tampered with by any individual or organization .
2. Traditional trading model of future copyright trading platform
In the process of IP copyright asset trading, we provide traditional customers with the right to choose freely, that is, they can choose centralized trading In this way, assets are traded using traditional fiat currency as a medium. At the same time, the future copyright trading platform will act as an intermediary, charge a certain service fee, and distribute a part of the service fee through UIP token according to the proportion of UIP held by all users.
The advantage of this traditional model is that it can ensure that traditional customers can effectively avoid the transaction risks caused by UIP price fluctuations, but at the same time, they also lose the right to issue IPUnit on the future copyright trading platform.
We recommend forward-looking clients who accept future copyright forms to adopt the new disintermediation UIP asset trading model, which will be rolled out below.
Application scenarios
Theoretically, the hierarchical derivation of IP can be continuously split into infinity, but in order to prevent unclear rights, such as derivatives of movie concerts and derivatives of original works sales conflict issues, etc. The copyright split sale of the trading platform will still be subdivided to the actual situation. Business Scenario:
Project Economy
1 Operation Mode
When a certain IP is traded by the seller and IPUnit is generated for the first time, a certain percentage of the development fee will be charged ; When IPUnit transacts via UIP token, a very small transaction fee will be charged for each transaction.
The value of UIP token: With the generation of IPUnits of a large number of IPs on the platform and the continuous increase of IPUnit transactions, the application scenarios and transaction value of UIP will continue to expand.
2 Industry Value Expectation of Copyright Trading Platforms in the Future
According to the "2015-2019 Global Entertainment and Media Industry Outlook" released by PricewaterhouseCoopers on June 3, the global entertainment and media industry Media industry revenue will achieve a compound annual growth rate of 5.1% over the next five years, rising from $1.74 trillion (about 11.7 trillion yuan) in 2014 to $2.23 trillion (about 15.0 trillion yuan) in 2019 trillion yuan).
If the transaction volume of the UIP trading platform in 2019 can account for one thousandth of the global entertainment and media industry revenue, then the total IP transaction volume of the trading platform will reach 14.99 billion yuan. According to the 3% trading platform transaction rate, the total platform transaction fee income is 450 million yuan.
