PHOTOCHAIN : DApp for fair, p2p and trusted stock photography

alihasancrypto (25)in #crypto • 6 years ago

Photochain Introduction :-
The Photochain DApp is a platform on which artists have the opportunity to sell their work to a broad audience at a price they themselves set, and where sellers are also fully and solely liable for the works they sell themselves.
Photochain is a person to person blockchain platform, releasing new concepts for a next generation stock photography platform. Photochain will be a vehicle for fair trading of digital works between artists and buyers.
The terms of use ensure a secure, easy to use and fair trading process for both parties. Artists will receive up to 95% of the final selling price of their digital works.

Photochain Aims :-
There are so many problems faced by new photographers or artists in market. Photochain try to resolve in different ways mentions below

Unfavorable Sales Conditions for Artists :-
For this group of artists, there are stock photography microstocks such as Shutterstock and Adobe Stock available as there are not many options available to photographers or designers who want to earn money in a fair way, selling their digital work these days. This is particularly concerning for amateur photographers and hobby artists who have not yet attained a high level of name recognition, which would enable them to sell their works at higher prices.
Other problems include sellers being unable to set their own pricing, long waiting times for verification of the content, a large number of rejections of the work by the photo stock platforms, as well as long time intervals between payments.
Although artists can reach lots of potential buyers by putting their digital works on these platforms, they only receive a tiny percentage of the sales price. Current centralized photo stocks can receive up to 90% of the profit margin. Also, the platforms have stringent requirements for the sellers. Due to these challenging conditions, the artist is obliged to publish a substantial number of images in hopes of being able to compete against high levels of competition.
Photochain DApp as a Solution to the Artist’s Problems :-
The Photochain platform has been engineered from the ground up, to solve the problems of traditional stock photography platforms. For ongoing development, the wisdom of the community oversees the platform and machine learning is employed to find solutions for other problems.
By developing the Photochain platform, we present the possibility for artists to sell their works directly to their customers, on their own terms. Mediated by Smart Contracts, when a sale is made, the seller is paid, and the buyer receives the purchased picture immediately. Thus, Photochain doesn’t require a centralised authority to ensure the correctness of transactions. This reliability is inherently contained in the blockchain technology.
Photochain’s Mission :-
Market changes are only made possible by using blockchain technology, Smart Contracts, machine learning and Photochain’s own user community. Most of the processes become automated and decentralized, significantly reducing costs of platform governance. It’s unavoidable that more and more stock photography contributors and customers will prefer to use Photochain.
The development of the Photochain platform is an ambitious and organically growing process. Our main aims for the project come under three significant prongs: