Vidion (VIDI)

VIDION provides a transparent and secure model of real-time mutual settlements for news outlets, professional journalists, and eyewitnesses. VIDION brings together consumers and contributors and guarantees fulfillment of obligations for both parties. VIDION content consumers include news media, television companies, and corporate clients. Taxes, high operating costs, transaction fees, lack of a straightforward rating system is what makes regular commercial content platforms inefficient.

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What is Vidion

Anonymity The majority of media outlets promise information security to their string correspondents, but the level of security they offer is significantly lower compared to the level provided by the blockchain technology. Guarantee of payments Due to the impossibility to estimate the quality of the video material before it is in the hands of a media outlet, media cannot guarantee payment. This is a pressing issue of all freelance activities, including design and copywriting. To solve this issue, the platforms take upon themselves the function of a mediator, making judgment calls and paying or not paying the money to the contributor with a significant fee taken off. The rating system News media quickly lose the trust of their audience, and the wide circulation of fake news became a heavy blow to the reputation of the industry. A transparent rating system can help to estimate the quality of a news outlet via an independent and unfalsifiable voting process. All rates given to a news service or a journalist are uploaded to the network which guarantees fairness and incorruptibility of the rating system. Bidding The bidding system enables the content creator to get the best possible price for their product. A news outlet purchases the material uploaded to the platform in an auction-style bidding, open for everyone possessing the platform tokens. Alternatively, the content can be sold at a fixed price determined by the content creator. Copyright transfer Uploading their content, the user must specify the metadata to prove uniqueness and authorship of the content. All of this data is stored on the blockchain. Upon completion of a deal, the data related to the deal is recorded on the blockchain as well.

VIDION is the first blockchain platform for freelance video journalism. We are transforming the news industry and inviting thousands of newcomers to join the newsmaker community.