Photochain – The Stock Photography Revolution

elenakrava (25)in #ico • 7 years ago

The introduction of blockchain technology in different sectors of the economy is gaining momentum and increasingly
Today I will tell you about one wonderful project, the appearance of which will be very interesting for photographers ( as authors of their works ) and those who need photos for their projects(graphic designers, for example)
PHOTOCHAIN - a platform based on blockchain, where you can both sell your copyrights and buy the photo you need. This is a new generation of photostock, a decentralized platform that uses smart contracts based on Ethereum blockchain. Smart contract ensures the security of transactions on the platform.Photochain gives clear advantages over conventional photo stocks to both kinds of users: contributors and customers.
One of the main advantages of Photochain is the copyright protection system. Thanks to such innovation as Digital Copyright Chain, or DCCX, it is possible to attach information about the property to the image. Digital content will be stored in a decentralized database in encrypted form through the use of a cross-platform file system (IPFS) for data protection. This module checks if your copyrighted material has been infringed or if it contains illegal content. The author will not need to worry that his content will be stolen by anyone. The platform will fully protect copyright. Anyone can check the Ethereum blockchain to make sure that the content is copyrighted by a certain person.
So, the platform:
-decentralized
-automated
-allows you to protect your copyrights and securely store your data
-has a low Commission and works directly from the customer to the author.

Photochain charge a fee in the amount of 5%. This fee is credited to the Photochain management account wallet
It is very important for the company that only the artist himself can determine the value of his work and give them the opportunity to offer his work to a large number of potential buyers. The platform provides this capability, which is implemented using Blockchain technology and machine learning.
Another interesting thing about this project is the availability of a ranking and reward system that will serve as a motivation to maintain the Photochain community through honest rewards. For example, sellers get points for sales, and moderators get points for dispute resolution. Each point is equivalent to 0.1 PHT. Once you score 100 points, you can get a payout in PHT transferred to your wallet.

The currency of this platform is their own PHT token, they will carry out all transactions on the platform. In case of a successful transaction, PHT is credited to the author's personal wallet through and, if necessary, converted to fiat.
PHT - -PHOTON Token-is the means of remuneration in Photochain Ecosystem and represents the symbols of the digital visual works.
Name of token : Token PHOTON (PHT)
Standard: Ethereum ERC20
Date of release: released after crowdfunding
Value: tokenization of digital visual works
Max Supply (Hard Cap): 230.000.000
Of the total volume of token supply, 79% is allocated for token sales. The remaining tokens are reserved for management, team and legal expenses, consultants.

The project has a strong and highly qualified team from Estonia , thanks to which Photochain took third place in the large competition of leaders Blockchain Summit 2018!!!