PHOTOCHAIN : THE REVOLUTION OF PHOTOGRAPHY

martinsciano (25)in #photochain • 6 years ago

OVERVIEW

Photochain is a decentralized stage that utilizations keen contracts in view of blockchain Ethereum. Brilliant Contracts gives security to exchanges on the stage. At the point when the deal is made, the merchant is paid, and the purchaser at the same time secures the bought picture. This is intervened by scholarly contracts. In this manner, Photochain does not require brought together expert to guarantee the accuracy of exchanges.. PHOTOCHAIN gives clear preferences for the two sorts of clients: dealers and purchasers. The commission for the exchange did on the stage can be viewed as insufficient - just 5% of the offering cost. On account of this, 95% of the last deal cost is spared and enables speculators to offer their work less expensive, and, accordingly, the market turns out to be more available to clients. This sort of reasonable market benefits clients, as well as advantages the photography business overall, since the chance to expand income fortifies members to work better. Such changes in the market should be possible just with the utilization of square innovation, brilliant contracts, machine preparing and PHOTOCHAIN's own particular group of clients. Most procedures end up robotized and decentralized, which essentially diminishes the cost of dealing with the stage. In this way, it will be intelligent that soon an ever increasing number of individuals will incline toward the utilization of PHOTOCHAIN.

The most picture takers or originators don't have numerous alternatives when discovering statute and offering their work. Particularly beginner picture takers and specialists who have not yet achieved an abnormal state, which would enable them to offer their works at higher costs. For this gathering of craftsmen, there are stages, for example, Screen stock and Adobe Stock. Be that as it may, they have numerous drawbacks, for example, they get just a little level of the deal. What's more, the stages are described by strict prerequisites with respect to the terms of support for dealers. As a result of these troublesome conditions, the craftsman is obliged to distribute a noteworthy number of pictures in the expectation of having the capacity to contend. Likewise, there are long sitting tight circumstances for content confirmation and drawn out stretches of time between installments. This is the place Photochain comes in to play.

MISSION

Photochain adds a clean virtue to time-consuming photos for users: contributors and customers. Contributors in Photochain technology from a very low fee — only 5% of the price. Opportunity to hold 95% of the final sale price allows suppliers to provide their jobs cheaper, and thus the market turns into inexpensive to customers. This kind of fair market is not just for the consumer but also for the commercial photography as a whole, because the greater the risk of sales contributing to higher contributions.
This profound market exchange seems to be simply through the use of Photochain’s own blockchain technology, Intelligent Contracting, system research and consumer networks. Most of the processes developed into automated and decentralized, significantly reducing the cost of managing the platform. There is no denying that huge contributors and photographers will need to use Photochain.
The main objective of the team for this task lies under three very important phases:

• P2P Marketplace
It’s very important 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 Graphical User Interface (GUI) and the trading process facilitates the onboarding process and supports the Crypto Economy in becoming mainstream.

• Photochain Digital Copyright Chain:
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.

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.

The Photochain Dapp is developed 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.

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.

TOKEN (PHT)

PHOTON Token is a means of rewards in the Photochain Ecosystem and represents the expression of digital imaging works.
Name: PHOTON Token (PHT)
Price: 1 PHT = 0.12 USD
Bonus: Available
Reward: Available
MVP/Prototype: Available
Platform: Ethereum
Accepting: ETH, BTC
Minimum investment: 0.2 ETH
Soft cap: 165 723 285 PHT
Hard cap: 230 000 000 PHT
Country: Estonia
Whitelist/KYC: KYC and Whitelist
Restricted areas: USA
79% will be sold
11% for the team
7% On bonuses and partners
Attorney and Legal 3%

DISTRIBUTION

Photochain DApp management team through Photon sales token. The group has completed pre-sales to individuals and the sale will begin on March 25, 2018.
In line with best practices throughout the sales process, the number of photons released will have a practical hard hat, when the photochain is closed. IPM code will be issued after the end of the main sale. It may take up to 30 days to deliver all tags.
To prevent future breach of regulations, the photochain requirements will require KYC and anti-money laundering for each token sales contributor. It protects the contribution and photochain. It also reflects the long-term commitment of photochain to comply with all legal and regulatory requirements that may be required from photochain.

ROAD MAP

Photochain DApp development is a technologically and organizationally ambitious project and needs careful planning. The project is uses a mixture of agile methods like Scrum and classic IT project management ITIL. Important milestones of the Photochain roadmap are listed below.

Apr 2017 Idea and business case • Develop business plan
• Market research
Sep 2017 Prototyping • Development of the DApp prototype
• Start to form team
Oct - Dec
2017 Preparation for crowdsale • Marketing and preparation activities
• Get support from blockchain and photography community
• Register company in Estonia
• Start to form advisory team
Jan 2018 Private ICO pre-sale • Private Pre-Sale at special discounts for early supporters
• New partnerships
• Onboarding Beta Customers/Advocates
• Prepare ICO platform provided by Swisscom Blockchain AG
Apr 2018 Main ICO sale • Execute ICO with different stages and discounts
• Establishing a connection to the Cryptovalley
• Regulatory compliance
• New collaboration in the photography industry
• Minting of Photon tokens at the end of the ICO
Jul - Nov
2018 Prepare go-to market • Continue developing Photochain DApp
• Mainstream adoption campaigns for Photography industry
• Expand development team
• Photography influencer support campaign
• Trading Smart Contracts on Ethereum Mainnet
• Adoption of Photon token/fiat exchange
• Implementation of new IP Rights management
• Acquisition campaigns (photography stocks) for fast scaling
• Prepare operational services
Q4 2018 Launch Platform • Photochain API for better integration with other services
• Partnering with a famous brand in the photography industry
• Photochain Web - DApp 1.0 with basic functionality on main OS (iOS/Android/MacOS/Linux/Win)
• Launch support services
Q1-Q2
2019 Business Development • Client growth strategy
• Accept new forms of payments
• 3rd Party Integrations
• Integrating with other media blockchain DApps
• Simplifying of UI
• Paid microservices for strong revenue
Q3-Q4
2019 Market Expansion • Readiness for the complete mass adoption
• blockchain as protocol in the background
• Partnerships with agencies
• Stabilizing the vitality of Photochain ecosystem
• Supporting hardware gadget for Photochain (camera support for the uploading the photo direct to Photochain)
Q1-Q4
2020 Market Domination • Photochain DApp becomes a standard for the fair photography trading
• Photography stock Market Share of 10%