Protecting the IP Industry through Storichain

The Blockchain is a messiah of sorts, as it has consistently proved its mettle in cutting down on most of the facing traditional businesses and many sectors of the economy. The use cases are not limited to the trading of cryptocurrencies because new openings are continuously created in many areas.

In the last couple of years, especially after the launch of the Internet, it became obvious that the ownership of intellectual property (IP) was undergoing challenges. From the plagiarism of contents to the use of IP by third parties without acknowledgment, it became clear that okay of intellectual properties is fast coming close to extinction.

Introducing Storichain
This project may not be the first to target the IP industry but it is definitely one to be reckoned with when it comes to facilitating data ownership through the blockchain. It is interesting to note that the category it intends to cover is what it termed the “Story Industry”.

The propositions of this project are many and we would look at them one after another. Meanwhile, you should have in mind that it is working in tandem with the distributed ledger technology (blockchain) to attain the proposed milestones.





Problems in the IP Industry
The major problem facing the intellectual property industry is the inability of content owners/creators to get returns on their contents, such as dramas, videos, and books. In addition to this is the growing distrust in the industry, especially with the palpable fears of losing one's contents to plagiarists.

Is there a Solution?
Little has been done to mitigate these challenges, hence the continued growth of the malaise. However, the possible angle to solve the problems comes from the blockchain technology, which has over the years, showed signs of solving many of the fiat problems.
Storichain is now on board to solve the issues using the blockchain technology and many other features to put the problems in check.

Storichain is a partial DApps platform that makes of an agreement protoco6on the blockchain to facilitate the creation and distribution of stories and other forms of IP contents. It is also charged with the affairs of protecting the contents that are premised on the platform.

The Storichain Ecosystem



At the core of Storichain is an email where content creators can gather resources for research. These would then be used to create stories, which would further be distributed across the platform to interested buyers, provided the interested parties make payments or fulfill the necessary obligations.

The Role of the Blockchain
Storichain makes use of the blockchain technology to cut away intermediaries that have hitherto taken the chunk of the profits, leaving the content owners with few. Instead of this model, the platform ensures that the transaction stories are consequent upon the fulfillment of the terms and conditions of payment. In addition to that is the use of a smart contract to initiate transactions between trustless parties.

Information about the Token
Ticker: TORI
Platform: Ethereum
Role of Token: Utility
Country of Registration: South Korea
Exchange : probit

The Team



Roadmap




Final Words
Storichain has a robust network and feasible solutions, which when applied, would go the extra mile to change the phase of the fragmented intellectual property (IP) industry.

Useful links
🌐 website
📖 whitepaper
🕎Telegram
👉 Facebook
🐧Twitter

Writer's information
Bitcointalk username: deodivine1
Profile : https://bitcointalk.org/index.php?action=profile;u=1390292