Storichain Story Industry Value Chain

Thursday, July 11, 2019

Storichain is a DApp and storytellers agreement protocol that create stories, distribute and manage story IPs. It is also a protocol that provides a contract for story creation contracts. Users can change their positions in the story chain ecosystem as writers, producers, and readers, and participate in story creation before they are published as individual media such as movies, dramas, cartoons, and games.

Also, if you can get a reward for the weekly contribution of the user before the sale of the copyright, and if the story you participated in is sold for the second production, such as publishing, video, etc., DApp) and Etherium as the main network.

Industrial value and scope

Although ‘storytelling’ has a long history with the development of mankind; it was not long before when have paid attention to its potential economic value. Even in industries such as publishing, movies, and broadcasting, which are literally based on those stories, cultural values have been considered more important than the industrial aspects. When a ‘story’ with a well-structured narrative meets the Smart Contract technology of blockchain, it can be transformed into ‘story asset’ which has the potential for securitization .

Problem of allocating excess earnings

The stories are distributed in the form of publication or videos in final stage. The subject of distribution is usually the publisher for publications and film (video) distributors for videos. The distributors invest in marketing and infrastructure to maximize the added value of the original material, which is the story. The problem is that while the invested cost used by the distributors are easily measurable, it is hard to measure the labor costs of creators and consumers that was inputted during the process of generating added value.

Efforts to improve treatment of creators

As times change, interest in improving the treatment of original story creators within the story industry is on the rise. Over the past decade, there have been a variety of attempts such as policy support, platform diversification, and software experiments to make this possible. In Korea, there is a government platform called the ‘Storium,’ and there is also the ‘Korean Film Scenario Market’ which is run by the Korean Film Council. However, due to the lack of technical support for anti-plagiarism, many writers are not uploading work.


Market prospects

For webtoons, due to the number of increasing mobile users in China, Japan, and developing countries, the market size increased by 15% in 2017 compared to the previous year ( 812 million ). In the 3Q of 2017, South Korea’s sales in the contents industry were
$25.8 billion and $2.239 billion. There are about 6,098 films a year produced in the global film market, and the number of scripts prepared by the production companies for future production is about five times the actual films produced.

Why blockchain

So far, most of the content-based blockchain projects have stored the ‘Text Data’ of the story inside the blockchain. However, Storichain does not store the original text data of the story within the blockchain. This is because considers the contributions made to the creation & transaction stage and the ownership transfer of the stories more than the text/image data of the story itself. refers to these kinds of data as ‘Activity Metrics.’ Since the activity metrics are used distribute the profits accumulated by the story.

Inter-creation stories

The act of ‘creation’ is sometimes referred to as a ‘ping-pong match within head.’ This is because when a writer writes a story, he/she has to communicate back and forth with the imaginary characters for new lines and ideas, just like how people play ping- pong. This is maybe also applicable to the writers who create their work all alone, without any help from the others. While he/she may be sitting in his room alone, trying to make something out of nothing with a sheet of paper in front of him, they are still exchanging lines.

Service structure

The business model of Storichain is to receive a certain fee from the story creators and the traders by providing them with a protocol for a contract through the Smart Contract. This kind of business model is referred to as the ‘Contract Protocol Business,’ and the name of the protocol is called ‘StoriEco.’ Prior to moving on into the protocol business model, Project will test-run a service model that implements some features of the app using a smart contract.

Solution Offered by Storichain For Story Assets

Every story asset has it’s unique value. To detect the quality and uniqueness of an asset, the blockchain is used to give an accurate value to media assets to avoid devaluation and misappropriation. Using the public blockchain, they will notarized and store the participants contracts related to story IP and other story based contents.
  • The storichain platform will:
  • Investigate and datafy readers feeling towards story scene.
  • Reward users who contributed to the project processing with Airdrops.
Among the many forms of intellectual property, transactional story scripts are the only form which the growth value for each stage of creation can be measured. When we introduce blockchain, a trust-based data distributed storage and computation technology, each story script becomes an IP.

Storichain names the story interaction posts that are posted within the platform as ‘Story’ or ‘Stori,’ and if it is converted into a form of ‘Publishing Rights,’ which is a right to produce derivative work using the original story, it is called as the ‘Story IP’ or ‘Stori IP.’

Token Storichain

The storichain project will be designed and run on the Ethereum block chain platform . the ticker will be referred to as TORI. TORI is a utility token that can be used for a variety of services that are provided in Storichain’s dApp (i.e., purchasing creation templates, paid reactions, support, etc.). since the “bone of contention” of this platform is stories, tokens will be calculated by counting the number of stories and also introducing a qualitative indicator called contribution and growth index. This will result to adding additional tokens based on the number and quality of stories that are created by the writers.

Crowdsale details
  • Token - TORI
  • Type - Utility
  • Price in preICO - 1 TORI = 0.0034 USD
  • IEO launchpad - BW Launchpad
  • Price in ICO -  0.0035 USD
  • Country - South Korea
  • Whitelist/KYC - None
  • ICO start - 25th Jun 2019
  • ICO end - 30th Jun 2019
Video Storichain


Storichain followed the blockchain technology, which provides trust between the participants and extends its borders to unforeseen territories. Blockchain provides trust beyond borders and ideologies, helping many industries simplify the problems they have faced in the past and offer new solutions. Storichain seeks to embed the blockchain into the storyline industry in order to create a world in which all participants can be satisfied by taking part of the responsibility. To implement this philosophy step by step, the company has now accurately identified the current industry problems in order to find new solutions.


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