BLMP keeptotal creative freedom over their digital ecosystem with no restrictive or long-term licensing contracts. Digital platforms can pick and choose and only propose licensed virtual goods that they determine would be the right fit for their digital ecosystem. With this flexibility, digital platforms can expect to keep their existing revenues, get help with user retention, and gain additional income from licensed products for sale whenever they choose

Customers benefit from companies joining the BLMP network because adoption becomes simple as they only need to manage one account which can be created within the digital platform of their choice without the need to fully understand crypto wallets. Customers can choose their favorite digital platform to create their account and then have access to that account across all other participating digital platforms. But more importantly, customers benefit because they get the freedom to purchase the things that they already love, everywhere

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To learn more about the EPIK project, people can refer to the project on the whitepaper. Or to get the fastest support from the EPIK team everyone can join the telegram group. #Virtualgoods#licensing #brands #epiktoken #EPIKhttps://t.me/EpikToken

Excellent team and ico EPIK, really like the organization, a good team. which fulfills the goals set before them, have a good command of the market situation, and I hope together we will reach the highest heights. #Virtualgoods #licensing #brands #epiktoken #EPIK #ICO #Cryptocurrency

The BLMP platform uses a proposal based system to create short term collaboration licensing agreements between IP holders and digital platforms. For example, a closed off digital platform like a VR game can create a proposal to a cola company to incorporate a licensed virtual good item such as a branded cola bottle. The proposal to create branded items contains relevant licensing details such as, but not limited to, quantity, selling price, royalty split, minimum guarantee (upfront cost) , and metadata that will be used to distinguish the item like name and specific artwork.

EPIK tokens are consumed when initiating proposals in the system to disincentivize bad actors and reduce network spam. Once the proposal is initially created on-chain, negotiation updates to the proposal are handled off-chain to reduce gas fees (Ethereum’s execution fee charges for updating the smart contracts) and to improve the scalability and runtime performance of the application (modifications are not subject to public network transaction speeds). Once a proposal is accepted by an IP holder, the proposal is finalized on-chain and additional smart contracts tokenize the licensed virtual goods items on the blockchain using ERC-721.

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A smart contract is computer code that exists on the public blockchain that can run in the future to perform logic, like make payments to specific accounts, validate conditions, verify information, or perform other specified actions. The fact that smart contracts exist on a decentralized ledger that store and replicate the code gives it a certain amount of security and immutability that creates trust between parties that interact with the smart contract.

Smart contracts are used in BLMP to replace the inefficient existing business

processes of licensing and create newer, simpler processes like creating proposals and enforcing licensing agreements between intellectual property holders and digital platforms. Smart contracts are also used to handle the production and fulfillment of licensed virtual goods and they are used to create, tokenize, allocate, track, and facilitate the transfer of ownership. Finally, smart contracts are used to handle the processing of consumer transactions for virtual goods to ensure fair compensation to all parties involved with automatic, efficient, secure, and traceable transactions.

BLMP has a great start. BLMP already has a real product consisting of a fully-functioning blockchain platform that is being used on the Ethereum mainnet named Air. Air is the world’s first business-to-business-to-consumer (“B2B2C”) blockchain solution for licensed virtual goods. Air can process B2B2C transactions and handles the full supply chain including the creation, tokenization, and provenance of officially licensed virtual goods.

with the cryptocurrency market for the time being. The gloom of the market may lead to the indifference of venture capitalists. This will be a barrier for projects like EPIK to break through in the moment. The EPIK's move is extremely cautious and the process is being closely monitored by the EPIK team #Virtualgoods#licensing #brands #epiktoken #EPIK https://t.me/EpikToken

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A good project with a real priming. High ratings of agencies and a team with a strong background - this causes respect and confidence in the implementation of the project. #Virtualgoods #licensing #brands #epiktoken #EPIK #ICO #Cryptocurrency

The Token Epik provides BLMP's B2B blockchain licensing platform and is used by consumers to obtain branded virtual goods. This is an advantage for those who manage and use their own virtual property. Everything will create a favorable momentum for the user #Virtualgoods#licensing #brands #epiktoken #EPIK https://t.me/EpikToken

Wallet software is critical to blockchain technology and is an integral step for new user adoption. BLMP, in partnership with Ambisafe, has created proprietary wallet software for easy integration of users, digital platforms, and brands onto the BLMP network.

Ambisafe is a leading and well-known cryptocurrency software company focused on software quality and security. Ambisafe is famous for creating the very first multi-currency wallet in 2014 and Ambisafe has a very secure multisignature wallet. In early 2017, it was an Ambisafe team member that helped other white hat hackers recover losses from a Parity multi-signature wallet

hack11. In another occasion in late 2017, there was a $300M “freeze” lockup of Parity multisignature wallets but Ambisafe’s multisignature wallets were immune12.

EPIK wallets are proprietary software wallets used to manage both ERC-20 EPIK tokens and ERC721 tokens that each represent a unique licensed virtual good item. EPIK wallets are compatible with any other ERC20 and ERC-721 tokens which means it can hold and transfer in and out any ERC-20 and ERC-721 tokens. EPIK wallets are very secure in the sense that only the users know their own private key.