What does the company/project do?
Phantasma is a decentralized content sharing platform.
Phantasma is basically an autonomous and decentralized network running as a smart-contract on the neo blockchain and the code executing the platform is public and immutable.
Phantasma saves us from relying on the third-party services for something as critical and personal as email, it also gives the content creators like those who create videos, games, music and other monetized content their own platforms so that they don’t have to pay the platform holders and they have an absolute control over the content they create.
Also, the safety and privacy in widely used systems like 'cloud' (cloud computing, storage, services etc.) is now being seriously challenged. So, decentralized systems like Phantasma are becoming increasingly in demand by giving two main advantages:
- Ability to aggregate an immense set of disparate small economic resources (thus gaining economies of scale), and
- The increased transparency and freedom from not being dependent on a trusted third party (i.e. Amazon’s AWS or Microsoft’s Azure).
The Phantasma project will have two separate teams, one working in the core tech and the other building working product which will be open-source.