Zeepin Chain is a decentralized public chain catering for creative industries as well as entertainment industries. To serve the creative industries, it’s dedicated to providing a solution that will create a fair, transparent,and efficient landscape in a way to benefit all creatives. In order to revolutionize entertainment industries as well, Zeepin Chain, is also capable of incorporating various entertainment related assets and systems based on any third party. With the integration of in-system and third-party gaming assets, a free trading market and exchange platform can be developed. Zeepin Chain will be providing core protocols concerning distributed ID authentication, distributed data storage, smart contract and consistency. By using a unified smart contract, Zeepin Chain is able to abstract the realization and interaction of underlying virtual machine, so as to provide an abstract protocol enabled by a pluggable smart contract. In addition, consistency in a distributed system ensures the reliability and validity of underlying data. There is a variety of applications accessible to users now, including transactions of digital assets, handling of transactions, authentication of user registration and mapping of digital assets. Based on the smart contract and underlying protocol, an integrate and easy-to-use application protocol is structured. To cater for the creative industries, Zeepin Chain is designed with a variety of application modules in efforts to help developers construct a set of feasible decentralized applications. Through the application of API and SDK, Zeepin Chain includes a wide range of application modules such as copyright protection, asset-transaction validation and gaming service. The copyright protection module, using the distributed ID identification provided by the core protocol of Zeepin Chain, enables services like copyright validation and authentication of digital assets in order to secure transactions of digital assets. Zeein Chain will release cross-chain synergy protocol to support cross-chain interactive application, in a move to integrate the distributed multi-source assets into the public chain and build up a distributed peer to peer trust mechanism. What’s more, it is scalable to support varied ledger system and a set of fundamental applications like ID identification, data interaction and asset transfer.
In Zeepin Chain, each creator who has had their right validated will receive a kind of digital asset called "Copyright Pro", which will get the support from Zeepin Chain in its whole lifecycle including copyright selling, transfer, and co-creator copyright distribution.
Zeepin Chain's smart contract function will be performed according to related information specified in the Authorization Pros, and the system will automatically distribute profits according to the agreed percentage.
Chain database will be more suited to develop applications based on the consistency of massive data, covering credit investigation, digital copyright, anti-counterfeiting.
Zeepin Platform aims to provide a decentralised and trusted creativity interconnection and copyright transaction environment, thus ensuring trust between multiple parties on copyright creativity, need and production without a trusted third party. In this way, the transaction cost will decrease to adapt to the transaction trend of "lightweight" innovation.
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Verified 0%
Attention. There is a risk that unverified members are not actually members of the team
Verified 0%
Attention. There is a risk that unverified members are not actually members of the team
Opportunities:
The project is led by a strong team with demonstrated success in relevant creative field.
The use of blockchain and smart contract makes sense in order to send cross-border payments efficiently as well as mimic the escrow function.
By providing a one-stop-shop, a design can go from just an idea to mass production, all done within the platform. This can help creative entrepreneurs, who are often not business savvy, to launch a business successfully
Concerns:
The project does not have a finished MVP/proof-of-concept, so it is essentially a white paper project.
The scope of the project is very ambitious that include finding suppliers, customers, employees, filing copyright, obtaining crowdfunding, and insurance. Generally, the more ambitious a project is, the more likely it is to fail because there are so many moving parts.
It is unclear what the go to market strategy for the project is. The team has experience in China so it should be the obvious choice for the first target market, but there is no details in the white paper.
Conclusion:
Overall, we like the short-term potential for this ICO but are neutral about its long-term potential. Our thoughts of the tokens for short term and long term are as follows:
For short-term holding:
Good. NEO projects have performed really well recently. Therefore, even though the ICO is a white paper project and hard cap is at $53 million (at NEO price of $127), we believe it should still have good short-term potential.
For long-term holding:
Neutral. It looks like the project targets the creative industry globally, but the team only has experience in China. The project is also at very early stage, so there is not enough information for us to evaluate whether the product will be successful.
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