Regium Unveils New Royalties and Incentive Distribution Models for Digital Asset Owners and Blockchain Developers

GRAND CAYMAN, Cayman Islands, Oct. 18, 2018 /PRNewswire/ -- Regium, a unique EOS protocol for managing digital assets, has released details regarding Continuous Compensation and Recursive Incentive Distribution models they are making available to data and content owners that develop decentralized apps (DApps) on their platform.

With Regium's Continuous Compensation model, digital asset owners gain security for their data, autonomous control of data use, and instant, fair compensation whenever it is used.

The Recursive Incentive Distribution model eliminates the dependency on expensive middleman marketplaces for discovery and marketing. Instead, the recursive incentive model rewards those who forward data toward an ultimate conversion, incentivizing platform participants to promote and distribute data to new potential users.

"Until now, data and digital content owners have had to be endlessly creative in their work -- but their compensation models have been rigid, outmoded, and unfair. Monolithic third parties have a chokehold on promotion and distribution and have taken a large cut into their revenue, so creative data owners have struggled to profit from their work," Dominik Pantelides, CEO of Regium said. "Regium is building a better way to reward innovation among data owners. Whether you're an enterprise-level video game studio or an independent musician, Regium empowers digital asset owners to create their own compensation rules."

The Continuous Compensation model allows data and content owners to receive instant compensation whenever their assets are used or transferred to a new user meeting the specifications built into the DApp. Using smart contracts, there is no third-party to approve payment or issue payment based on certain thresholds or sales limits that must be met -- every time there is a new customer for that data, payment is required and issued, even if a user transfers the content or data surreptitiously directly to another user.

The Recursive Incentive Distribution model creates a self-perpetuating referral marketing engine which helps digital asset owners end their dependence on dominant distribution platforms like the Apple App Store or Steam and instead leverage their user communities to drive new sales. The Recursive Incentive Distribution model encourages discovery to take place beyond the confines of a platform, incentivizing the user community to make referrals even when they don't directly lead to sales. The full transparency of chain of referrals solves the shortcomings of "last-click" attribution models. When it comes to making a purchase, the transaction occurs directly between the digital asset owner and the buyer, so there is no middleman platform carving into revenues. And the Continuous Compensation model assures the digital asset owner receives payment for each purchase or use of the asset as it's promoted through the recursive affiliate system.

To enable easy creation and use of DApps even for those without blockchain development experience, Regium provides SDKs in the most commonly used programming languages like JS, Golang, C#, Java, and Swift. These SDKs leverage the underlying EOS blockchain and storage APIs via Regium's set of protocols including Identity, Storage, Delegation, and Data Leasing.

Data economies that will benefit from DApps developed on Regium include Digital Advertising, Digital Media (Music, Film, TV), Software Licencing, Digital Content Syndication, Data Repositories, Video Games, Stock Photos, and more.

With a singular focus on rapid-adoption design and a friction-free path for developers to build on the platform, Regium is leading the way as the first to make blockchain a commercially viable solution for data economy industries.

To learn more, please visit www.Regium.org.

About Regium
Regium is the first protocol to maximize data owner earnings through a Continuous Compensation model. Regium eliminates the inefficiencies, theft, and fraud inherent to data economies by making the superior security and transparency of blockchain technology accessible to individuals and industries. Regium is the brainchild of Bringhub (est. 2014), a leader in contextual marketing, distributed commerce, and AI-powered content analysis based in Los Angeles, California.

CONTACT:
Justin Roberti
(610) 203-2631
[email protected]

SOURCE Regium

Related Links

http://www.Regium.org