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Advantages of blockchain technology should not be underestimated, it makes business processes democratic, safe and as transparent as possible. However, we often hear the questions related to usage blockchain technolog by the procedur by on the platform of Altair VR Virtual Encyclopedia. Let us explain every point in details.
Using blockchain on the platform, we create a marketplace with rapidly implementable tranzactions. Bank transfers take a lot of time. At best, payment will be received in 3–5 days. This is also accompanied by the tedious paperwork. Sometimes companies wait for getting the bigger sum and only then transfer money to the necessary account. Unlike the fiat payments, blockchain will let us transfer tokens immediately on the platform regardless of amount of the payment.
Low commissions
The cost of the pay VR-experiences will be set by content makers, in so doing, we reduce the fee of every transaction. We, in turn, plan to set the fee at a rate of 10%, the rest will be distributed between content producers. In comparison, such services as Google Play and Oculus Store takes the fee from 30 to 45 % of the value of app.
Safe data
With the help of blockchain we provide the safety data storage. Any decentralized servers are vulnerable. Data security can be in danger of being overloaded or hacked. For the safe distribution on the platform we plan to use https://ipfs.io/. It works similar to BitTorrent. IPFS lets not only save the transactions data, but also the files of any size. Through the big network of computers the download speed of files increase considerably, what makes possible to broadcast VR-experiences in real time.
Freedom of ideas and opinions
Blockchain in Altair VR Encyclopedia helps us to get around the systems of filtration and control of the content on the Internet what is highly relevant today. It will be impossible to delete something. We support the idea that every point of view can be declared — any historical event or phenomenon can be described with the different perspectives.
Utmost transparency
Every platform user can contribute to VR-experiences creation, offer the individual scenario and monetize it. The best ideas will be chosen by voting and then VR content producers are going to make it. VR experiences will be financed by the platform with the help of smart-contracts. All users can see every transaction history and check the popularity of every VR-experience. That is how we reach an absolute transparency in the questions of voting process and payment issues.
The final result of our work is creating the platform that is open for producing the uniques products which would be paid fast and effectively.

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