Publica.com – Blockchain revolution for the publishing economy
If you wonder why publishing needs a revolution – consider how it works now.
Imagine your an author with an idea for a novel. If the publishers like it they will probably leave you with a mere 10%/15% of the revenue.
Want to try other publishers to get more? Its an oligopoly, with 5 of them taking the lion’s share of the market.
If you sign with one of them you’ll naturally want to take advantage of digital distribution, but beware, publishers are perfecting the 15th-century tradition handed down from Gutenberg’s printing press.
They prefer paper because they know it well.
Even if they can make ebooks they don’t know how to market them in digital media.
Their sweet-spot is in the old-school hierarchy of publishers, agents, wholesalers and bricks-and-mortar retail stores.
Can’t you go directly to ebook retailers like Amazon? Absolutely! But at least half of the revenue goes to their online retail platform and you are still responsible for the marketing yourself.
Authors who explore self publishing and DIY options can feel overwhelmed in a market making millions of new titles, many of them are of poor quality because their authors had little or no money for proofreading, professional editing, illustration and so on.
An ecosystem to address these issues is trying to emerge, but without transparency and accountability, trust between the parties can’t gain a foothold to enable the easy contracting and liquidity they need.
Publica introduces the blockchain revolution to the publishing industry. Smart contracts will govern access to literary works, payments and intellectual property revenue distribution between authors, third parties, and the platform.
We at Publica believe this is just the beginning and well see an ever-greater transformation of the publishing industry in a new environment of creativity and trust.
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What is Publica?
Publica is the first digital publishing platform to use blockchain technology to innovate how books are funded, distributed, bought, and read.
Furthermore, it introduces the publishing world to token economy and provides alternatives to traditional digital self publishing services like Amazon Kindle Publishing and CreateSpace.
The Publica platform provides a real-world blockchain use case and brings publishing to the next level.
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Find out more about Publica in the links below!
Website: https://publica.com
Publica web-shop: https://shop.publica.com/#/catalog
Publica’s eReader app for Android on Google Play: http://bit.ly/Publica-Ereader-App
Publica’s eReader app for iOS on the App Store: http://bit.ly/PublicaEreaderApp
Official Telegram Announcement Channel: https://t.me/publicaio
Telegram group: https://t.me/publicaofficial
Twitter: https://twitter.com/PublicaIO
Facebook: https://www.facebook.com/OfficialPublica
Medium: https://medium.com/publicaio
Reddit: https://www.reddit.com/r/publicaio/
Discord: https://discord.gg/XyUYVd
