COLLETRIX: TRANSFORMING THE IP INDUSTRY USING BLOCKCHAIN TECHNOLOGY

Introducing Colletrix
Today, most people posses of IP but do not really have trust for the industry. This is because their efforts to secure their IP failed but crave for more NFT tokens which are yet to be available. Nevertheless, it doesn't matter how much disappointment you have faced in the challenges above, there is good news and the good news in question is, COLLETRIX.

In the crypto sphere, the birth of blockchain has been undeniably significant in recent times. Colletrix really arrived as an impactful game-changer to fix the IP sector.

WHAT DOES COLLETRIX MEAN?

This platform arrived with lots of benefits package for the IP sector. It comprises of a conglomerate of the major factors namely; blockchain, IP and NFT tokens. The aim is to bring a remarkable revolution to the IP and the merchandise.

The team (UNDONE, Amonica Brands, Bitwork Accelerator, Future Arena) with great expertise on merchandise, IP and blockchain are responsible for the launching of this platform, thus has made effective input towards the accomplishment of Colletrix project. The Colletrix project has created an efficient and vibrant IP sphere, including a platform for trading and merchandise via the aid of blockchain technology.

Colletrix was able to inculcate blockchain into the IP industry such that the true value of IP users is significant in the cryptocurrency. It is also here to assist IP owners to quantify in terms of value and also exchange it when needed.
It is in the picture, that this project (Colletrix) makes use of blockchain tech and merchandisers to estimate the IP creators value and also create room for the conservation of the IPs.

The Challenges Faced In The IP Industry
The IP sector has been characterized by lots of challenges that need urgent attention to prevent things from becoming worse than it is. Here are the major issues outlined below ;
a. Distrust is a major challenge in the industry.
b. A dearth of 100% transparency.
c. No IP tokenization.
d. Inefficient IP/blockchain correlation.
e. Unfair rules and regulations for owners of IP.

These are the major issues that prompted the creation of the Colletrix platform to ensure that these issues are handled to the core. Handling of these challenges will give the IP sector a new look in its operation and IP owners will have nothing to fear about.

What Possible Solution Has Colletrix To Offer?
No doubt that the industry has been in a kind of a mess but that's no longer an issue because Colletrix is here to proffer the following solutions;
a. First, Colletrix has created its platform in such a way that IP owners can secure their IPs without restrictions, using copyright measure.
b. Secondly, the IP owners can also weigh the value of their IP in the exchange then convert and swap it to crypto coins.
c. Thirdly, Colletrix secures the IP in safe custody including the ownership and right of the owner.
d. Fourthly, users are instantly rewarded trading or exchanging their IP on this platform.
e. The last but not least, a token has been provided by Colletrix for trade between different IP owners on its platform.

CONCLUSION

In order to ensure the IP industry is adequately cared for, Colletrix will leverage on two ERC protocol tokens which are of course based on Ethereum blockchain to offer unique services. The first token will be based on ERC-721 and it's known as NFT (Non-fungible Tokens), this token is unique and cannot be changed. The second is based on ERC-20 and it's known as CIPX which is a utility token and as such the token of the platform.

This is the first of a kind project based on blockchain technology and set to transform the IP industry.
The token will serve the IP owners as the major medium of exchange, thus for IP owners who want to do an exchange with their IP for crypto coins.

Colletrix is set to eliminate the trust and transparent challenges in the industry. In fact, Colletrix is just key to IP security.

YOU ARE WELCOME TO KNOW MORE ABOUT COLLETRIX THROUGH THE LINKS

Colletrix Telegram: t.me/colletrix

Website: www.colletrix.com

Whitepaper: https://www.colletrix.com/wp/en/ColletrixWhitepaper.pdf

Ann thread: https://bitcointalk.org/index.php?topic=5138397.0

Twitter: twitter.com/colletrix

Facebook: facebook.com/colletrix.io

Youtube: https://www.youtube.com/channel/UCKFYZ-DLYyBQFpVXBzUN5JQ

Linkedin: https://www.linkedin.com/company/colletrix

Author: Chuky92

Author's Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2084586