Earn Via A Blockchain – Powered Solution.
SIE is a comprehensive platform built on Blockchain technology. Any user may join this platform but must purchase a level membership. After registering, members will receive perks and commissions depending on their membership level. Users who do not have a membership will not receive any commission.
Business Overview
The project aims to create a strong blockchain-powered solution based on incentives. Merchants may offer their items as a game and a virality score.
Various artists would be able to share their material on our platform, which would compensate them depending on how many times it was shared.
It is connected with other social media networks, so every material posted on websites such as YouTube is monetized. As a result, multilevel marketing exists on this site.
A binary team mechanization framework would be used to determine team structure, with members receiving benefits in proportion to the number of linkages and affiliation codes they help create.
The Challenges
Many difficulties were encountered when developing Source Independent Entertainment. Some problems were encountered in improving security and data privacy.
The next challenge was to maintain a team structure. It would be built on binary team mechanization so that members would gain benefits depending on linkages and affiliation codes. Immutable data would be stored.
Another problem was the UTM track for source since commission would be given depending on it. Monetizing via other platforms such as YouTube and Vimeo was also tough.
The final challenge was to build a platform that attracts and expands far larger user models by developing a quicker, more secure, and user-friendly environment with realistic use models and features.
Our Solution
Authentication
For user authentication, 2FA is employed, confirming the user’s identity using two different factors: QR Scanner and Private keys. Wallet addresses are also based on ECC and have an alphanumeric layout.
Role separation
There is a different page for each user based on their job. This prohibits anybody from doing unwanted acts. They will also be rewarded depending on their membership.
Secure Wallet
All digital currencies may be saved in wallets designed specifically for the safe storage of digital currencies. It also contains a multi-signature wallet, which adds another degree of protection.
MLM Algorithm Used
A Multi-Level Marketing algorithm is utilized to monitor all of the commissions received by the user. All artists may form a team, share the work to gain cash, and divide it among themselves.
Cross-Site Request Forgery (CSRF) Protection
If a request to change the state or perform an undesired operation originates from the user side, SIE will block it.
Web Security
All security standards have been met based on digital currency exchanges—drive-by download attack protection, among other things.
Project Features
Leverage blockchain technology to transform the present social networking sector. With no decentralized power on this platform, democracy will be practiced.
It will be distinct from all other traditional social networking sites in that users will be rewarded based on the material they contribute.
Enable numerous merchants to sell their items as a game and a virality score on this social media networking website.
Outcome
It has garnered numerous new users since its inception and has maintained a high ranking and rating in various shops.
Several users on the network were eligible to get rewards in exchange for the content they generated or shared.
Since the initiative incorporates blockchain technology, the reward system functions more effectively..
Additionally, we have developed an ICO token for SIE. Thanks to Hyperledger fabric, we could keep all of our records in an immutable state.
Technology Stack
Hyperledger
NodeJS - Backend
ReactJS
Ethereum - Foundational Blockchain
Testimonial
Working with SoluLab was a delight, and they did a fantastic job. They get the job done quickly and competently. Always ready to provide support and look for the most effective solution.
Kokie Nassim
Chief Content Officer at Source Independent Entertainment LLC
