Wemark: Changing photography concept using blockchain technology

INTRODUCTION
Like the emergence of many technologies in the world, the emergence of digital photography can be traced to the time when the Soviet Union and the United State of America were competing for supremacy in the outer space so as to be the first country in the world to have a man in the moon. Digital photography can be referred to as a type of photography which uses cameras containing the assemblage of electronic photodetectors in showing images focused by a lens, as different from an exposure on photographic film. These type of images are said to be digital because they are stored as files on a computer for further digital processing.

Since the emergence of the internet, marketing of photography has taken a new dimension. This is basically referred to as the stock photography marketing. One of the most important components of marketing is stock photography and it is also very crucial to captivate customers in an advertisement. Stock photography is a great way for photographers to make money by commercializing their photos to businesses worldwide. As beneficial as stock photography marketplace is, photographers using it are also faced with challenges. The challenge that is of greatest concern to photographers is the higher fees charged in the long-run by marketplaces. Even though this is as a result of a lower growth rate of the marketplace, this reduces the gains of the photographers and enriches the middlemen who are the marketplace owners. This challenge is of great concern to Wemark team and they taught it will be wise to have a better marketplace that will incorporate its interest with that of the sellers and buyers so as to ensure a win-win situation for all parties involved.

Wemark used blockchain ecosystem technology in creating a decentralized database which helps in eliminating the greedy middlemen. This gives both sellers and buyers the opportunity to transact business without an intermediary. Wemark has come to help photographers and other content creators in distributing their products and transacting business directly with customers and with the help of decentralized database created on the blockchain, full transparency is ensured, transaction processes are easily controlled and sellers and buyers interest are protected and easily aligned.

CONCLUSION
The incoming of Wemark into the stock photography marketplace has brought succor to sellers by ensuring that they get value for the hard work through the elimination of middlemen and their high charges. Also, the use of blockchain technology ensures that transactions are decentralized, transparent and secured. These points are enough reason for sellers and buyers to partner with Wemark. It will be also wise for investors to invest in Wemark’s project.

THE TEAM

THE FOUNDERS

ADVISORS AND INVESTORS

For more details about remark, visit any of the following links:

Website: http://wemark.com/

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