Let's move on and have a look at a few sector-specific public blockchain projects.
An interesting public blockchain platform in the social media space is Steem. It has an innovative business model, which provides incentives to users to contribute high quality content and to participate on the platform. These incentives come in Steem's native cryptoassets, which are traded on exchanges and have real monetary value. There is a simple rationale for this: quality content increases traffic to the platform, thus bringing in more users. The more users a social media platform has, the more valuable it is. This is called a positive network effect. Therefore, members contributing high quality content or helping to curate content on the platform get their fair share of the value that's created.
The platform itself is a cross between Reddit...
