StarChain is a blockchain-based product initiated by StarChain Foundation that seeks to allow users to share and access information with one another. There is a comprehensive ecosystem for the integration and distribution of human knowledge, from text creation to film and television incubation, so that any writer, filmmaker, and director may achieve their goals.
As per the whitepaper, the StarChain Foundation launched the project to create an open blockchain platform with high scalability and art production capabilities. In addition, users would develop various commercial apps using StarChain. Copyright marking, IP project crowdfunding, worldwide IP stock exchange, and IP derivatives issuance are all services covered by StarChain.
At present, backward infrastructure, information asymmetry, and centralized administration hamper the growth of the cultural sector or the cultural ecosystem as a whole. Moreover, the centralized content management mechanism favors mature material over novices and devotes minimal attention to the newcomers. As a result, some exceptional works or skills have little chance of becoming renowned.
However, StarChain claims that these issues can be fixed and change the cultural industry over time. In StarChain, cultural content exporters may use the Star Home Page trade platform to encourage the future development of KOL (key opinion leader) without worrying about anything. Various interests are turned into blockchain securities using standard protocols and exchanged openly and transparently in the blockchain ecosystem.
The native token of the platform is "StarCoin," and the symbol is "STC." StarCoin aims to be the digital currency for the blockchain-based innovative economic platform for large-scale cultural businesses. StarCoin is first registered with StarChain for digital confirmations and then sold by the foundation for further business development. StarCoin is used as a liquid medium for various activities, including copyright registration, content export of generic culture, and copyright transactions. Moreover, the token is also utilized as full and partial payment of royalties on digital assets of cultural property rights.
Thus, after considering all the above situations in the ecosystem, the MaxtriChain (a blockchain system specializing in the cultural industry) design has created StarChain, which aims to be a high-performance blockchain solution.
