Blockchain Licensing Marketplace (BLMP): Characteristics And Benefits: [Essay Example], 681 words GradesFixer
exit-popup-close

Haven't found the right essay?

Get an expert to write your essay!

exit-popup-print

Professional writers and researchers

exit-popup-quotes

Sources and citation are provided

exit-popup-clock

3 hour delivery

exit-popup-persone
close
This essay has been submitted by a student. This is not an example of the work written by professional essay writers.

Blockchain Licensing Marketplace (BLMP): Characteristics And Benefits

Download Print

Pssst… we can write an original essay just for you.

Any subject. Any type of essay.

We’ll even meet a 3-hour deadline.

Get your price

121 writers online

blank-ico
Download PDF

It is a known fact even to a novice that Digital platforms such as video games, social networks and messaging services are part of the Internet revolution that is experiencing explosive growth and this growth comes with its opportunities strategies, and challenges for monetization. However, monetizing them is not always easy for contents developer because users always think they are entitled to free service and this has led to companies selling costumers data annoying third party advertising in order to make money from their contents.

The best way to monetize these digital platforms is to find creative ways to sell products to its users and this can be achieve by selling virtual goods to them. Virtual goods are items that only exist within the scope of the digital platform and do not actually exist in the physical world. They are highly profitable because essentially they are intellectual property and do not have the higher costs associated with real world manufacturing, labor, and distribution. They are also not restricted by geographical location and their creation has a one time that cost t but unlimited distribution so profits can scale indefinitely.

The project that am sharing with you friends aim to take a leading role in the monetization of virtual products using blockchain technology. Companies will be able to sell virtual goods on the platform, it will serve as a global virtual goods marketplace that will be powered with Epik tokens on Ethereum blockchain. The token will be used for transactional purpose in the ecosystem. All transactions history will be recorded on blockchain which will be verifiable by anyone.

The platform is also proposing a solution to develop its own blockchain within a year of operation to solve the issue of transaction scalability and confidentiality, this all inclusive blockchain platform will be called Helium.

Blockchain Licensing Marketplace (BLMP)

BLMP (Blockchain Licensing Marketplace) is a B2B2C blockchain company processing B2B2C transactions and providing value through efficiency, traceability, and security. BLMP is pioneering licensed virtual goods and the mission of BLMP is to connect the intellectual property licensing industry with digital platforms. BLMP leverages crypto-token technology built on blockchain as a means to very easily produce and exchange liquid value in digital ecosystems. BLMP will reduce friction and leverages blockchain technology to create a unique collaboration network where short term licenses can be created and enforced on the blockchain.

BLMP will also use blockchain technology to manage the production and fulfillment of these virtual good items. BLMP covers the entire virtual goods supply chain including the creation, tokenization, and provenance of these licensed virtual goods items.

The last but not the least, BLMP processes the end consumer transactions for the virtual goods items ensuring that all parties involved are automatically compensated tractably, securely, and efficiently.

Benefits Of BLMP Ecosystem

BRANDS- By joining the BLMP network, brands can scale and expand their reach with better control over their partnerships while gaining granular insights that were previously impossible because of the lack of transaction transparency and traceability. BLMP intends to develop a network where brands can easily follow their intellectual property indefinitely on the blockchain all the way from product creation to eventual ownership to resale markets.

DIGITAL PLATFORMS – For digital platforms, joining BLMP means keeping total creative freedom over their digital ecosystem with no restrictive or long-term licensing contracts. Digital platforms can pick and choose and only propose licensed virtual goods that they determine would be the right fit for their digital ecosystem. With this flexibility, digital platforms can expect to keep their existing revenues, get help with user retention, and gain additional income from licensed products for sale whenever they choose.

CUSTOMERS – Customers benefit from companies joining the BLMP network because adoption becomes simple as they only need to manage one account which can be created within the digital platform of their choice without the need to fully understand crypto wallets. Customers can choose their favorite digital platform to create their account and then have access to that account across all other participating digital platforms. But more importantly, customers benefit because they get the freedom to purchase the things that they already love, everywhere.

Remember: This is just a sample from a fellow student.

Your time is important. Let us write you an essay from scratch

100% plagiarism free

Sources and citations are provided

Cite this Essay

To export a reference to this article please select a referencing style below:

GradesFixer. (2019). Blockchain Licensing Marketplace (BLMP): Characteristics And Benefits. Retrived from https://gradesfixer.com/free-essay-examples/blockchain-licensing-marketplace-blmp-characteristics-and-benefits/
GradesFixer. "Blockchain Licensing Marketplace (BLMP): Characteristics And Benefits." GradesFixer, 10 Apr. 2019, https://gradesfixer.com/free-essay-examples/blockchain-licensing-marketplace-blmp-characteristics-and-benefits/
GradesFixer, 2019. Blockchain Licensing Marketplace (BLMP): Characteristics And Benefits. [online] Available at: <https://gradesfixer.com/free-essay-examples/blockchain-licensing-marketplace-blmp-characteristics-and-benefits/> [Accessed 14 July 2020].
GradesFixer. Blockchain Licensing Marketplace (BLMP): Characteristics And Benefits [Internet]. GradesFixer; 2019 [cited 2019 April 10]. Available from: https://gradesfixer.com/free-essay-examples/blockchain-licensing-marketplace-blmp-characteristics-and-benefits/
copy to clipboard
close

Sorry, copying is not allowed on our website. If you’d like this or any other sample, we’ll happily email it to you.

    By clicking “Send”, you agree to our Terms of service and Privacy statement. We will occasionally send you account related emails.

    close

    Attention! this essay is not unique. You can get 100% plagiarism FREE essay in 30sec

    Recieve 100% plagiarism-Free paper just for 4.99$ on email
    get unique paper
    *Public papers are open and may contain not unique content
    download public sample
    close

    Sorry, we cannot unicalize this essay. You can order Unique paper and our professionals Rewrite it for you

    close

    Thanks!

    Your essay sample has been sent.

    Want us to write one just for you? We can custom edit this essay into an original, 100% plagiarism free essay.

    thanks-icon Order now
    boy

    Hi there!

    Are you interested in getting a customized paper?

    Check it out!
    Having trouble finding the perfect essay? We’ve got you covered. Hire a writer

    GradesFixer.com uses cookies. By continuing we’ll assume you board with our cookie policy.