Iveryone:Facebook on Blockchain,A Market-Oriented Social Network Economy

Background:

With the market value above $500 billion①, Facebook is the world’s top five technology
company in capitalization. But all that wealth belongs to the shareholders but not much
benefits the ordinary users.
Connected through “following” each other, the 20 billion② registered users have already
formed a globalized social network. When user viewing the latest updates of their friends,
reading subscribed posts, 36 billion-worth③ advertisements appears onto their private
screens, again, with no benefit shared with users.
All contents will be shared through the Facebook page of authors to accumulating
followers. So massive contents regards to literature, music, films and games have been
vastly incubated and spread within Facebook, while Facebook has just liquidated all
contents with no repayments to the original providers.
“Forwarding and sharing" activities of users are the spread channels can filter quality
contents out of the massive info to make it exploitable for even more people. But still like
those content providers, the value of sharing and forwarding behavior yet doesn’t
reflected.
If we see Facebook as an economy in which all users are injecting values to it, for free,
and left all benefits to solely shareholders of Facebook.

Project Overview:
We believe that all blockchain will soon lower the trust costs of social economic activities
due to its decentralized, transparent and un-distortable features of ledger, which may
further restructuring the forms of all financial institutions or even bring us a subversive
revolution of financing and high-tech industries. But consider of the long supply chain,
history and massive shareholders of the current ecosystem, the true prevailing usage of all
blockchain tech still has a long way ahead.
Project Overview
Social network reflects the reality, with every characteristic of human society. if we see the
contents providers as “producers” while readers as “consumers”, then the whole social
network will then become a typical module of marketing supply and demand, the greatest
opportunity for decentralized applications using blockchain technology.
iVeryone aim at Facebook on blockchain with the token named VRY. The free flow of VRY
are assumed to make iVeryone a networking economy that fully follows the rules of free
market economies while all contributors can benefit from it.
2/16
According to the theory of free marketing economies, users of iVeryone will have the
following basic rights:
1、 Rights of ownership, control, usufruct and privacy of digital assets
digital assets refers to : all digital contents created by users (i.e postings, musics, pictures
etc.); all data flows generated by users (i.e social relationships, access logs etc.); display
rights of users’ screen (to decide the content displayed on screen).
2、 Rights of free trade
for users can solely decide with whom would they exchange their digital assets, as well as
trading the future usufruct rights of digital assets with any other tokens through contracts.
In the social network based on blockchain, smart contact has solved the biggest obstacles
in trusts, so iVeryone can produce various economic activities.
In iVeryone, advertising revenues are sharable with users; content providers can price their
contents and get bonus when being browsed; they can customize the distribution rate
—Facebook on Blockchain
“Planned economy” alike social connecting framework makes users to output with no
return while platform reap all the benefits.
What hurts the Facebook users’ most?
“market-oriented economy” alike social connecting framework allow all contributors to
share revenues.
What problems can iVeryone solve?
The utilization of features like decentralization and anti-re-modified can largely lower the
trust costs among user collaboration.
What can a transparent ledger do to help iVeryone?
Give all value of traditional social network back to the users. If Facebook do it this way, all
that 500 billion USD market value will now belong to its every user.
What does it mean when iVeryone returns all data
rights back to users?
with publication channels, also finish financing with their content. In addition, the user
homepage, contents, social relationships, behavioral data on iVeryone are all private assets
that belongs to users, any application or individual with the aim of reading or using these
data, must be authorized and paid up according to the pricing standards set by the user.
iVeryone returns all benefits that can be generated from the traditional social networks
back to its users, which, to a large extent, has effectively stimulated the enthusiasm of
users participation and subvert the “freemium” model using by those traditional ones like
Facebook. The amount if total iVeryone’s token, VRY, is 10 billion, and will never have
additional releases, thus can be used to measure all services provided in iVeryone
platform. It means that all VRY holders are sharing not only the current value of this
platform, but also the future ones.

WEBSITE:https://www.ivery.one/
ProductDEMO:https://beta.ivery.one/

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