Steem

Business Profile

Core Value Proposition

Steem provides a social blockchain that grows communities and makes immediate revenue streams possible for users by rewarding them for sharing content.

Target Customer

{"Developers","Entrepreneurs","Social Users","HODLers"}

Key Differentiator

The only blockchain built from the ground up to power social/web applications; near-instant, fee-less transactions; scalable to support social apps; large existing ecosystem with 1M+ users and 324 Steem-based apps; reward-sharing model that monetizes contributor activity.

Implementation Timeline

{"notes":["Transaction processing occurs in near real-time (every 3 seconds, 24/7/365)","Turnkey tools and APIs enable relatively quick integration for developers","There is an existing 1 million+ user base and 324 Steem-based apps, suggesting rapid onboarding potential"]}

Pain Points

1Traditional social platforms monetize user content for platform owners while creators receive little to no direct compensation.
2Most blockchains are slow and expensive for running real-time social applications.
3Users want control over their data and a way to monetize their contributions rather than relying on centralized platforms.

Key Features

1Near-instant, fee-less transactions with intelligent bandwidth allocation
2Fast processing every 3 seconds, 24/7/365
3Built to scale to support social applications at scale
4Turnkey development options and APIs for building on Steem
5SteemConnect single sign-on for easy user authentication
6Reward Sharing mechanism to monetize user participation

Target Customer Industries

Decision Makers

1Developer

Client Results

1Users can earn cryptocurrency rewards for content contributions
2Developers can monetize engagement through Steem's reward system
3Communities can grow with built-in revenue opportunities and data ownership

Competitive Advantages

1Only blockchain designed specifically to power social applications
2Near-instant, fee-less transactions suitable for social apps
3Reward Sharing enables developers to monetize participation for free
4Large, active ecosystem with 1M+ users and multiple Steem-based apps
5SteemConnect provides easy SSO integration for apps

Key Benefits

1Monetize content and engagement

2Own and control data as contributors

3Fast, fee-free transactions suitable for social apps

4Access to a large, existing user base and ecosystem

5Open-source tooling and turnkey integration (APIs, SteemConnect)

Case Studies & Success Stories

Steemit - First app built on Steem blockchain

Case #1

Steemit is an open-source blogging platform that pays people for content. Powered by Steem's 'proof-of-brain' rewards, Steemit grew to be a top 1000 website by global traffic within 2 years. It exemplifies a social network that pays its community.

Additional Product Information

Product Description

Steem is a social blockchain that grows communities and enables immediate revenue streams for users by rewarding content contributions. It is presented as a fast, free, scalable blockchain designed to power social apps like Steemit, with a reward-sharing model and turnkey development tools.

Target Market

{"Developers building Steem-based apps","Entrepreneurs monetizing content and growing communities","Social content creators and participants (HODLers as token holders/investors)"}

Unique Value Proposition

Steem uniquely combines a social blockchain with near-instant, fee-less transactions and a reward-sharing model that monetizes user engagement, backed by a large, active ecosystem and developer-friendly tooling (APIs, SteemConnect, open source).

Technical Requirements

{"Near-instant, fee-less transactions with scalable throughput","3-second block/transaction processing","SteemConnect single sign-on for user authentication","APIs and open-source components for integration"}

Pricing Model

Not disclosed in content; described as a rewards-based model with free integration via turnkey solutions and an open-source ecosystem. Revenue is generated through the reward-sharing mechanism rather than a stated pricing plan.

Companies Solving Similar Problems

Based on matching: problems solved, target roles, key features, industries

Ticket Tailor

Ticket Tailor provides an easy-to-use event ticketing platform that simplifies the process of selling tickets online for event creators.

Entertainment

Public Relations

Wikidata

Wikidata provides a free and open knowledge base that can be read and edited by both humans and machines, acting as central storage for the structured data of its Wikimedia sister projects.

Education

Technology

Chargebee

Chargebee provides comprehensive SaaS solutions for effective revenue growth management by streamlining revenue operations and facilitating efficient business growth.