Across industries, privatisation companies’ data and transaction history lead to issues for consumers, investors, and regulators. Blockchain technology is ushering in a new era of transparency, adding value to industries and disrupting old systems.
“Transparency is, by far, the best regulator,” says Forbes Chairman and CEO Charles Silver. If you can’t hide anything, then best practice is the only way to go.
This article will look at how three different blockchain projects’ Algorand (ALGO), Big Eyes Coin (BIG), and Moviecoin transparency, create a culture of trust and equality, adding immense value.
The new start-up Moviecoin aims to disrupt Hollywood and centralised streaming platforms like Netflix and Amazon Prime. Meanwhile, Big Eyes Coin demonstrates how visible charity funds will wash away greenwashing for good. Finally, the blockchain platform Algorand is leading by example, demonstrating how blockchain transparency can add value and drive direct sustainable action for every company.
Let’s take a look at how these blockchain projects are beginning to change the world!
Moviecoin intends to Decentralise and Democratise the Film Industry
In the film industry, the privatisation of Netflix’s data means that directors can’t see how often their film has been viewed or whether it’s popular. So essentially, directors are powerless in the face of these huge companies; they cannot advocate for fair compensation because they cannot tell how well their films are doing.
This centralised system pushes film directors and indie producers to create in line with what Netflix of Amazon Prine will like and pay for. This centralisation creates a creativity bottleneck, as well as privileging profit-seeking ventures over meaningful or experimental projects.
Moviecoin is a new start-up which seeks to dismantle these centralised systems of financing films. They are offering everyone the opportunity to invest in film production through smart contracts. Moviecoin wants to end Netflix, Amazon Prime, and Apple TV’s chokehold on film production and promote best practices through transparent ledger systems.
Big Eyes Coin is putting an end to Greenwashing
Greenwashing typically involves a company making an unsubstantiated claim that its services or products are environmentally friendly or have a positive environmental impact. Misleading, sustainably conscious customers are then more likely to select their products.
Cryptocurrencies have been leveraging their blockchain technology to eradicate this problem through automated smart contracts and transparency. Big Eyes Coin is one such cryptocurrency; currently in its 6th presale stage. This meme coin intends to commit 5% of its total funds to a visible charity wallet destined to be donated to charities protecting and preserving the oceans and marine life.
Big Eyes Coin has created a means to substantiate its environmental credentials by making its charitable funds visible to the public. This kind of transparency adds tremendous value to a project like Big Eyes Coin, as it builds trust between the investors and the project and allows the project to grow and have a positive impact on the environment simultaneously.
Algorand begins a new chapter of climate positivity
The Algorand (ALGO) blockchain platform is already one of the most sustainable blockchains because it runs on the pure proof-of-stake (PoS) consensus protocol. Therefore Algorand is already way better than other blockchains like Bitcoin (BTC) regarding carbon footprint.
Algorand was determined to be more than just a more sustainable option than Bitcoin. The Algorand platform decided it wanted to become the first carbon-neutral platform by partnering with ClimateTrade to offset its carbon emissions by leveraging smart contracts.
This wasn’t enough for the Algorand platform, as it was also conscious that it could grow too fast for its offset systems to cope with. Therefore, the Algorand blockchain has gone one step further to become carbon negative. This means that the Algorand blockchain will remove more carbon from the atmosphere than it produces, allowing Algorand to positively impact the environment regardless of how fast it expands.
All three blockchain-based projects demonstrate how blockchain technology and transparency will change how companies are regulated in the future. Moviecoin is ready to disrupt the world of film financing by creating a democratic and decentralised film production.
Meanwhile, Big Eyes Coin and Algorand show how blockchain technology can remove companies’ ability to greenwash their credentials through decentralised and transparent blockchain technology.
A new era of industry transparency and regulation is on the horizon. Algorand, Big Eyes Coin, and Moviecoin will likely be part of the new chapter.
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For more information on Big Eyes Coin (BIG) and its community, please visit the following links:
Big Eyes on Youtube: https://www.youtube.com/watch?v=-KWJhYnzvNs
The Big Eyes Coin Presale: https://buy.bigeyes.space/
The Big Eyes Website: https://bigeyes.space/
The Big Eyes Telegram: https://t.me/BIGEYESOFFICIAL