Next fall online cinema TVzavr is planning to launch the MoviesChain video platform based on the technology of the distributed registry. An investment would be required for this project, and company is planning to bring them with the help of ICO, said in a press release.

Previously the transaction is scheduled for February 2018. TVzavr is going to attract $ 30 million. All funds will go to new project – a global platform of distribution of national films and independent movies of MoviesChain.

MoviesChain by tvzavr is an independent secure platform based on Ethereum smart contracts, and aimed at the efficient spreading of content on the model of TVoD. The content provided by the platform, will be by money and the estimated cost of viewing will be 1 dollar. Blockchain technologies will ensure transparency in payments between content providers, viewers and creators of the platform.

During ICO 10 million tokens ZVR will be issued, 9 million of which will be available for purchase through any well-known crypto currency. Tokens ZVR will be used as payment for the purchase of films on the MoviesChain by tvzavr platform. The system is configured the way that does not require specialized technical knowledge – rights holders of content will be able to describe the conditions of getting their ZVR via the convenient API of smart contracts.

“With great interest we follow the development of the block chain technology, and within our MoviesChain by tvzavr platform we plan to use all strengths of the technology, says Marina Surygina, CEO of tvzavr. – Our goal is to provide conditions for efficient distribution of art-house and independent films, in the interests of all parties involved in the process. We hope that the MoviesChain by tvzavr project will allow us to strengthen positions not only in Russia but also on global market of online cinemas”.

SOURCE: SOSTAV