by Wealthskey
We tokenised Content
Our Mission
Tokenized content is a new term and a new business model invented by Wealthskey. Wealthskey is a hi-quality content platform supported by our own digital currency ShareWon Coin , powered by blockchain. Sharon Coin is used to pay for content on a pay-per-view basis. Users may also earn the coins by sharing the paid content using social media. The more a user shares, the more he/she earns.
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While the whole print and online media industry has been facing some fundamental challenges on subscription, our SharShare Coin solution is an effective alternative to the subscription. This solution is flexible as users only pay for the content they like at an affordable rate, and it allows users to earn passive income too just by sharing content. The ShareWon Coin can be used on our platform as well as on any 3rd party platforms. Our vision is to position Wealthskey as the high-quality-content version of Facebook and ShareWon Coin as the digital currency for the content world including self-publishing to disrupt subscription
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Tokenization
Tokenization can be used to secure sensitive data by replacing the original data with an unrelated value of the same length and format. These replacements are known as ‘Tokens’ and in the world of blockchain, they exist to represent sensitive data in a non-sensitive form.
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Tokenization doesn’t just exist in the world of blockchain – the concept has been around for a long time. When you tokenize something, you’re taking sensitive data, like a share or security and storing it securely – all whilst using a digital representation in your day-to-day operations
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The combination of tokenization and blockchain technology
Much like when casinos issue chips as their own form of tokens, blockchains can also allow tokens to be issued and stored within the network. As the blockchain is a publicly distributed ledger, whenever a token is issued on the network, all blockchain users can see the token and monitor its movements – but they won’t see the exact asset that underlies.
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The most popular example of a token being used on the blockchain is Bitcoin – as a tokenization of currency. Each Bitcoin is a token that can be tracked throughout the network. So, if Person A sent Person B one Bitcoin, all other users on that network could see the transaction happen in real-time.
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Our Story
Wealthskey was incorporated in March 2019 in Hong Kong, and has been progressing exponentially. In May 2019 Wealthskey was selected into the NatWest Pre-Accelerator Program, in Manchester, UK, and in July the company was selected into the International Security Accelerator (ISA) Program in Ireland. Throughout the accelerator program between September and December in 2019, the company has established visible footprint in Ireland and Europe, and have received funding from both the accelerator and the Irish government. In October 2019 Wealthskey has also registered an Irish company. The platform, after 7 months development, was launched in November 2019. The project received a 1st runner-up in the Big Data and Fintech category of Hong Kong Techathon in January 2020.
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