Hello, could you please explain how the process of a movies placing by a producers to your platform works?
Hi, sure!
Directly after the completion of the registration process on the platform, MoviesChain by TVzavrs customers will automatically have a ZVR wallet created for them. This will be done for both content rights holders and independent film producers (Figure 9). Before the content becomes available for the viewers, MoviesChain by TVzavr will verify if the content belongs to a content rights holder, or to an independent film producer.
Once verification is completed, content is immediately made available to our customers on our personalized platform, which has been widely used since 2010.
Content rights holders and independent film producers will have the opportunity to choose their preferred method of royalty payment in either ZVR tokens, or in fiat currency, by using existing platform settings. They will also be able to select the frequency of conversions between fiat currency and ZVR tokens. MoviesChain by TVzavr platform automatically performs all conversions that take place between ZVR tokens and fiat currencies at the market exchange rate. In order to carry out transactions using fiat currencies, customers have options to pay via VISA, MasterCard, or PayPal. Directly after the transaction, the registry database is automatically updated as the platform generates all supporting documents.
Transaction data is entered into the database using the following algorithm:
N% goes to the account of the rightsholder, or producers of independent films.
(100-N%) goes to MoviesChain by TVzavrs account.
10% of MoviesChain by TVzavrs share is allocated to the bonus pool.
If required, content rights holders and independent film producers can check all transactions in the ledger database, along with database hashes, that are securely protected in the Ethereum blockchain.