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 has no doubt reinvented the technical world, utilized is a number of spheres like remittance repayments, hospital documents, dissemination of global standard revenue and so on but among its most intriguing applications remains in Korea’s entertainment industry.

The South Korean amusement company, z-POP Dream Job means to make use of the modern technology to locate the new K-Pop celebrity as well as build the approaching amusement system. K-Pop or Oriental Pop has become the brand-new face of the Oriental show business, with its appeal not simply limited to Asia yet has actually spread out throughout the globe.

The objective is to construct a variety of talent as well as an overarching framework for the exploration of brand-new skill for Z-POP worth a monstrous $46 billion, as articulated by their Chief Executive Officer Jun Kang to the Korea Herald.

Ballot, being one of the key aspects in the talent service will be built on an Ethereum blockchain, in order to make sure security and also transparency of the tally. The purpose of this connection will be to support and assist grow ability, enhance their fan base and aid create future pop celebrities.

A “Celebrity Development” sector is likewise on the cards, with the Z-POP Dream Tryout being kept in the following locations: 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 objective, to develop a lasting structure for the project so that it can expand and also the other will be to produce an international money making platform that will construct a structured process to channelize the token income created by the company.

Z-Pop Dream will have its very own cryptographic token, the ZPOP coin, which has a whitelist rate of $0.08 for 1ZPOP. The complete supply will be 4 billion symbols, 1 $10 million soft cap, and a $100 million hard cap.

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