PHOTOCHAIN

Today blockchain technology is enabling a global network of people to perform transactions of various kinds, peer to peer, without the need for a central governing authority. These new innovations allow people to verify these transactions safely and securely at any time.

Using Ethereum blockchain Smart Contracts, people are able to make digital agreements circumventing the need for a third party. Both parties must comply with the conditions of the contract which can be easily verified on the blockchain. Being decentralized, tampering is prevented.

Photochain is a peer to peer 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.

MISSION

Photochain has clear advantages for contributors and customers. Contributors at Photochain benefit from an extremely low fee - only 5% of the selling price. Keeping 95% of the final sale price allows contributors to offer their work cheaper. Consequently the market becomes more affordable for customers. This type of fair market not only benefits the users, but should benefit the photography industry as a whole, as the possibility of increased income incentivizes contributors to perform better.

These profound 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:

• P2P Marketplace
It’s very important to us that only the artists themselves can determine the value of their work and they’re given the opportunity to offer their work to many potential buyers.

• Crypto Economy
Photochain appeals to a broad audience of people that aren’t yet adopters of blockchain and cryptocurrency technologies. The relatable use case of "Photochain" will appeal to this audience. The easy-to-use GUI and the trading process facilitates the onboarding process and supports the Crypto Economy in becoming mainstream.

• Photochain Digital Copyright Chain: DCC
Over the course of the project, more and more artists will be able to strengthen their copyright using the Photochain platform, since their works will be linked to their name. This link is manifested as a transaction in the Ethereum blockchain and is therefore visible to all users at all times. This means that the artist’s ownership of the image can be accounted for. The database with all manifested links has been constructed in a decentralised way, We call this database a DCC.

PHOTOCHAIN'S ECOSYSTEM

The Photochain DApp is a platform specialized in the trade of stock photography, in which processes are reduced to a necessary minimum in order to guarantee simplicity and transparency.

PHOTOCHAIN PLATFORM

With all currently existing stock photography platforms, the only way security of transactions can be ensured is via central control. Our platform works autonomously, securely and efficiently based on predefined rules.

We are developing the Photochain DApp [5] on the Ethereum blockchain. Additionally, Photochain also uses computer vision (machine learning) to fulfill the specific technological requirements of stock photography.

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.

The Photochain Team does not have any liability or responsibility for illegal behaviours of the sellers. The artist is responsible for the legality of the works they are selling, and is held fully accountable for any illegal activity. However, Photochain will uphold users copyright protection, by preventing any unauthorised sale of photography.

ETHEREUM ERC20 TOKEN

A crypto token is a digital asset that represents a certain value. From a technical standpoint, tokens are implemented as Smart Contracts in the Ethereum public blockchain. The ERC20 token represents the current standard today, and will be used, according to best practices, as the PHOTON Token standard. This standard enables compatibility with other Smart Contracts in the Ethereum ecosystem. This means the token Smart Contracts don’t have to be updated when new tokens are issued. This ensures stability and seclusion of the Ethereum ecosystem. All ERC20 tokens have the same set of functions and can be sent to almost all crypto wallets that accept Ethereum.

PHOTON TOKEN MECHANICS

PHOTOCHAIN PRE-SALE

We will finance the development of the Photochain DApp through the use of funds collected in the crowdfunding laps. The funds collected in the Pre-Sale lap will be used especially for marketing campaigns and regulatory compliance.

Pre-Sale PHOTON token Hard Cap: 10,000,000 PHT
Currency accepted: ETH, BTC, LTC

Token exchange rate: 1 PHT = 0.000085 ETH (accordingly in other cryptocurrencies, a discount of 50% of the standard PHT price).

Amount of tokens per one person: unlimited
Minimum transaction amount in Ethereum: 0.1 ETH
Maximum transaction amount in Ethereum: unlimited (within Hard Cap)
Minimum transaction amount in Bitcoin: 0.003 BTC
Maximum transaction amount: unlimited (within Hard Cap)

Start date: January 2017
End date: Now closed

ROADMAP

TEAM

For more information, please visit:

Website: https://photochain.io/

Whitepaper: https://docs.google.com/document/d/1C4UPA9-9o2cOLJOEYMIVwN_Fi3Ebtn2YcRua58hQ7_0/edit?usp=sharing

Telegram: https://t.me/photochain_io

Facebook: https://www.facebook.com/Photochain-141364963181927

Twitter: https://twitter.com/photochain_io

Instagram: https://www.instagram.com/photochain.io/

Medium: https://medium.com/@photochain

Github: https://github.com/photochain

Author: Crator Touch

My Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1612381