Review and analysis of ICO Photochain

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Today, blockchain technology provides good opportunities for every person. Namely, it can be used to carry out various transactions with each other, and there is no need to create a central government for these purposes. This newest innovation allows you to carry out transactions safely and reliably at any time. Using the Ethereum blockchain contract, people enter into digital agreements with each other, bypassing the third party that could become between them. And for everything to be safe in the interaction of the two sides, in order for the contractual relations to be respected, there can be no doubt about it, thanks to the decentralization of the blockchain. And since all information is cryptographically encrypted, blockchain can be more technologically secure than anything we had before. The advantages of blockchain are almost unlimited in terms of data sharing, protection, cost savings and accountability. Therefore, it has become widespread at the moment and can be used absolutely in any industry. And many projects and startups began to be actively used.

One of these start-ups, which evaluated the potential of blockchain technology, is Photochain. This project brings blockchain technology to the market of valuable photographs - a data-oriented industry (digital photos), but controlled by very few major centralized companies. The creators of content in this industry have faced problems in this field for many years, from the point of view of licensing, ease of entry, payment, and passing grueling checks. As a result, photographers find it difficult to make a good career by doing their favorite thing while earning less than a quarter of their own sales.

The Photochain project will allow photographers to improve their position in the market, increase the level of payment for their work, as a result of which they will be more stimulated for better work. All users of the project, in turn, will feel more comfortable, knowing that they occupy an important place in the entire buying process, because relying on the technology of blockchain, an unhindered opportunity to purchase and sell will open.

Photographers will be able to sell their work directly, and set their conditions. Artists will receive up to 95% of the final price of selling their own digital works. And the buyer will be able to receive a picture, which he ordered immediately. This is guaranteed by a smart contract, which will act as guarantor. Smart contracts facilitate the sale process, and if the buyer agrees to purchase, the tokens are immediately deducted from the account and sent to the seller. The buyer is provided with a digital copy of the purchased work, which is also permanently recorded in the blockchain to solve any issue related to improper use of the image. At the same time, control over the monitoring bodies, which are the sites of photostocks, can be avoided using the technology of decentralization.

Using its innovative Digital Copyright Chain (DCC) solution, content creators can be sure that Photochain technology is looking for them. To upload a photo, the user must confirm his identity. Each uploaded photo is permanently linked to the user who uploaded it. This link will forever be written to the blockchain via DCC. As a result, ownership of each photo that passes through the platform will be fixed. And when any of the authors upload their image, there will be an automatic reconciliation with DCC for a sign of copyright infringement. Thus, the project will endow content developers with broad power on the platform and extensive opportunities for action. In my opinion it's cool! And this is exactly what was lacking both for beginner photographers and for professionals in their field.

About the project's token and its distribution:

The internal currency of the project will be the PHOTON token, which will be used to perform significant operations on the platform. Namely, commission paid to photographers for the sale, payment of fees for resolving the issue with claims, as well as payment of these tokens for the use of additional functions of the platform.

ICO Terms and Conditions:

Name of the token: PHOTON (PHT)
Standard: erc20
Total number of released tokens: 230,000,000
Number of tokens allocated for sale: 180,000,000
Stages of sales: April 6 - April 8, April 9 - May 8, June 11 - June 30
Price of the token: 1 PHT = 0.12 $
Currency for payment: ETH, BTC
Minimum purchase: 0.2 ETH (or equivalent price in BTC)
Pre-Sale Cap: 10,000,000 PHT
Crowdsale Cap: 165,723,285 PHT
Hard Cap: 230,000,000 PHT

Road map for 2018:

The project team:

Conclusion:

As a result of the activities of the Photochain project, not one of the users will remain offended, while providing a more flexible, fair and democratic market than in the industry. All this speaks about the demand for this project in the future!

The article is unique here -

More information can be found here:

Website: https://photochain.io/
Whitepaper: https://docs.google.com/document/d/1C4UPA9-9o2cOLJOEYMIVwN_Fi3Ebtn2YcRua58hQ7_0/edit
ANN Thread: https://bitcointalk.org/index.php?topic=2690633.0
Bounty Thread: https://bitcointalk.org/index.php?topic=3111411
Facebook: https://www.facebook.com/photochain.io/
Twitter: https://twitter.com/photochain_io
Medium: https://medium.com/@photochain
Telegram: https://t.me/photochain_io

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