DD Support Board and Research Team

[nonewname1]

A blockchain/bitcoin outfit, private, call Steemit received a $20M investment from BLKCF.

So what does it do with the investment?

It buys online advertising.

I don't quite understand what you're saying. The investment wasn't made directly into steemit, it's a fund that will be used to help startups building on the steem platform. The steem platform is further along than most, if not all blockchain platforms according to the company.

No current open source and public blockchain protocol is more mature, scalable, and as rapid as Steem

The Steem Blockchain is faster and already larger than the Bitcoin and Ethereum blockchains combined, and working with Global Blockchain Technologies Corp. is going to exponentially increase the number of applications built on Steem in an accelerated amount of time.

So I believe the idea for BLKCF is not to make money through the blockchain protocol itself, but to invest in applications built on this specific protocol which they see as having the highest chance of being the most widely used.

So maybe they invest in a startup that allows users to post video content to the web (like youtube) but monetize their channels using cyrpto and steemits blockchain thus cutting out the middle man (which is what blockchain does, in this case the middle man is youtube and their mysterious algorithm that everyone complains about).

So for monetizing the applications, I want to stress that I'm not an expert, but my guess is whoever builds the application will have to figure that out. Maybe they charge a monthly fee for using the website or app. Maybe the users make their money off sharing their content with other users (each view or upvote = crypto for the content creator) and the application creator gets the ad revenue.

Before you scoff at that consider how many views many youtube channels currently get. What if each view cost 5 cents? Bieber would have made a hundred million off of each of his most popular videos. So even if it was a penny that's 20 million. Daily vloggers who attract a million views a day would be making $10,000 a day (just off their videos).

Blockchain cuts out the middle man and application's have to figure out how to monetize it. That's my complete beginner's take.

Considering the Bod for BLKCF, seen here,

https://investorshub.advfn.com/Global-Blockchain-Technologies-Corp-BLKCF-32642/

They are using their expertise to make a significant bet on this particular blockchain protocol. I'm guessing due to it's focus on social media, as well as other tech factors that I would have no idea about. Maybe there will be multiple protocols used and it won't even really matter which one application's choose, and it will just be about developing applications that cut out the middle man to provide better margins for media and content creators. But they like what Steem offers.

We are convinced that traditional media companies from every corner will find that Steem's technology will be a better way to monetize and distribute existing content and future works