SingularDTV is a digital content distribution and management platform based on the blockchain network. It is an effort to launch a decentralized system in which artists and other related digital content creators can shape, protect, manage their work offering it at a premium using the blockchain technology.
SingularDTV is formed on the Ethereum network and the ConsenSys venture production studio. It looks to create a tokenized ecosystem by implementing a local cryptocurrency called SNGLS. The aim is to give the artists and creators benefit from a transparent media production and distribution system. This will allow them to have more control over their creations and compensation methods.
Earlier, before the implementation of Ethereum, efforts were made to use the bitcoin network to create the SingularDTV but it could not take off due to the restricted infrastructure and facilities. Ethereum ecosystem that runs primarily on the smart contracts facilitates the creation of a scalable and decentralized platform through which they can manage as well as operate different applications. This has also allowed the creation of SNGLS, a localized token rather than use the ethers. SNGLS represents the decentralized assets of the SingularDTV that include the film, software projects, TV etc. The company will shortlist the projects built in Tokit and listed in LaunchPad and choose ones that it will fund.
SingularDTV created a CODE structure. CODE means Centrally Organized Distributed Entity. It is a vast improvement over what the DAO had wanted to do. This has become possible by implementing the Smart Contracts in a more efficient manner taking the best features of both the centralized and decentralized systems into the projects while significantly raising the value of Ethereum.
There are 2 apps “LaunchPad and Tokit” that the SingularDTV is launching which the artists and content creators can subscribe to and participate creating their individual token ecosystem. SingularDTV also has plans of launching a decentralized exchange or the participants using a portal “EtherVision”
Using the SingularDTV resources, the creators intend to build many more SingularDTV- centric and Ethereum projects. CODE is the medium through which the entertainment industry intends to decentralize the centralized assets and store them on the blockchain. CODE uses the SCS (Smart Contract System) to decentralize the assets. The people (participants) joining the network can watch the content, contribute their own content using the tools that are available in the SingularDTV interface. It could include their identities, wallets and the authority to use the system.
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