PHOTOCHAIN - The Next Generation of Photostocks

PRESENTATION

The buzz about cryptocurrency is increasing, people have heard about it, and more and more people want to find more about it, and find a way to be a part of it. When blockchain technology came, so many things changed, for better, we say. So many businesses have improved, so many companies have started using crypto currencies in their work. The new ideas are coming every day. People want to invest in the new projects. We have the biggest tool in the world, and it is called the Internet. The internet is a enormous base of information where we can do anything. Internet has connected the entire world. One of these company is Photochain, which is a DApp, a decentralized application, built on top of the Ethereum blockchain and IPFS protocol.

PHOTOCHAIN

Photochain is DApp, a decentralized application, built on top of the Ethereum blockchain and APFS protocol. Using blockchain technology, the Photochain DApp returns the control and the trust of the photography marketplace to the content producer.

Mission

The goal is to pay photographers more for their work than they currently earn on centralized stock photography platforms. The Photochain website claims that many popular stock photography platforms pay photographers just 23% of the final price for their work. In comparison, Photochain wants to pay photographers 95%.

Photochain also emphasizes a fast verification period and fast payment times. Plus, photographers will be able to set their own prices.

How does Photochain works?

Photochain is built as a native blockchain decentralized app (dApp) on the Ethereum network. The app uses InterPlanetary File System (IPFS) to secure data across the network.

The Photochain dApp emphasizes four core features and functions, including:

Security

Photochain provides blockchain-based security for buyers and sellers so “you can trust your works are safe.”

Decentralized

Digital content is encrypted and stored on the decentralized database. No central business controls your uploaded photography.

Copyright

Your work is permanently linked to your identity through the blockchain, creating a new blockchain-based form of copyright protection.

Content

The decentralized app can be used exclusively for trading photography. Photochain will sue bots “to ensure only acceptable content is listed.”

One of the core benefits of Photochain is its copyrighting system. They call it Photochain Digital Copyright Chain, or DCC. Artists can link their works to their name, then secure that connection using the blockchain. The Ethereum blockchain secures the transaction, making it visible to users at all times. Anyone can check the Ethereum blockchain to verify that content is copyrighted by a particular person.

Features of PhotoChain

Photochain offers all of the following features:

Claim Module

Users can use the Claim Module to act against copyright infringements. If a piece of content is suspected of infringing upon copyright, then users can use the Claim Module.

Claims will be processed based on whether or not the image is the same as the one posted on the Photochain DApp, and whether or not the author’s name is attached to that image according to the blockchain.

Photochain’s machine learning mechanisms will analyze whether these requirements are fulfilled, then issue compensation. Larger compensation will require the input of moderators.

Seller Module

The seller module gives sellers a simple way to offer pieces for sale on the Photochain app.

Content Upload Module

If you decide to sell a piece on the Photochain app, then you’ll upload photos through the Content Upload Module. After upload, your files will be stored on the IPFS network.

Content Verification Module

This module verifies whether or not your copyrights are infringed upon or if the content contains illegal materials. The module uses the IPFS Photochain node to accomplish this.

Buyer Module

Buyers can use this module to easily search for photos available to purchase. The Buyer Module includes contextual searches using tags, searching of similar images, and more.

Payment Wallet Module

The payment wallet module has access to the Photochain user’s Ethereum address.

Transaction Data Module:

The transaction data module processes transactions.

Overall, Photochain emphasizes high availability, decentralized use, structured data storage, data erasure, and speed.

Market Opportunities for Photochain

According to information from a well-known photography stock, its turnover in 2016 has been estimated at $756 million. There are a total of 1.7 million active buyers and 100,000 artists on this platform. These figures could increase significantly for 2017.These key figures demonstrate the vast potential of this market. Moreover, allowing artists to receive up to 95% of the profit margin significantly increases the Photochain p2p platform’s potential for adoption and standard use.

Photochain Platform

With all currently existing stock photography platforms, the only way that security in transactions can be ensured is via central control. Compared to that, we are creating a platform that works autonomously, securely and efficiently based on predefined rules.We are developing the Photochain DApp [5] on the Ethereum blockchain. Additionally, Photochain also uses computer vision (machine learning) to fulfil 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 set themselves, 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 behaviour from the sellers. This means that the artist is responsible for the legality of the works he is selling, and is held fully accountable for any illegal activity. Photochain however, will uphold users copyright protection, by preventing unauthorised sale of photography.

Photochain Token ( Photon)

PHOTON token is the means of rewarding used across the Photochain Ecosystem. Any type of transaction on the platform will require the use of PHOTON Tokens. The PHT token is based on the following core properties:

• Name: PHOTON Token (PHT)

• Standard: Ethereum ERC20

• Hard Cap: 230,000,000 PHT token to be issued

• Release date: Our Token Generation Event will take place right after the end of the Main Sale Event. It may take up to 60 days to distribute the PHOTON tokens to contributors.

• Represented value: tokenization of photography services.

Token Allocation

79% Crowdsale

11% Team & Management

7% Bounties and Partners

3% Legal & Advisory

Use of Proceeds

30% Marketing

30% IT Development

8% Infrastructure

10% Infrastructure

5% R&D and Platform Evolution

4% Legal, Accounting and Audit

4% Cooperations with Photo Agencies

4% Allocation to contributors

3% Business Development

2% Business Development

Photochain Roadmap

April 2017 Idea

Idea, business case and market research

June 2017Project evaluation

Development of the DApp prototype

September 2017Strategy & Design

Go-Live of the DApp prototype

October-November 2017Preparation for crowdsale

Communication and marketing activities Commitment of the Blockchain Community Commitment of the photography community

Legal form

Advisers and new team members December 2017Pre-Sale preparationsPrivate Pre-Sale at special discounts for early supporters

January 2018Private Pre-Sale preparations

Private Pre-Sale at special discounts for early supporters Enhanced documentation and planning New team members Community growing New partnerships

February 2018Transition

Preparation for Main Sale Event Compliance and regulations Developing a more comprehensive Photochain DAPP version

Q1 2018Main Sale event (ICO)

Publishing of new collaboration partnersRegulatory compliance for our Main Sale Event

Q2 2018Operation

Photochain DApp Version 1.0 on the Ethereum Mainnet

Trading of the PHT Tokens at Crypto Exchanges

Q3 2018Continual improvementPhotochain DApp as standalone client on all common operating systems

Team

Stanislav Stolberg - Co-Founder, CEO

Arthur Ishmetev - Blockchain Developer

Haris Rana - CMO

Ralf Gerteis - Business Development

Jakub Stefański - CTO

Dr. Jeannette Heinert - Communications

Alexander Sverdlov - Security Adviser

Brian Colwell - Blockchain Evangelist

Dylan Sharkey - Blockchain Evangelist

Samuel Manzanera - Technology and Software Architecture Analyst

Peter Lai - Blockchain Developer

Advisors

Sven Moeller - ICO Strategy Adviser

Paulo Renato Dallagnol - Legal Adviser

Charles Becquet - Strategy

Chang Liu - Assoc. Prof. at Ohio University

Alex Fedosseev - Advisor

Be a part of this incredible project. Download the whitepaper for the full scoop.

Till next time…

For more information, please visit:

Website — https://photochain.io/

Whitepaper — https://docs.google.com/document/d/1C4UPA9-9o2cOLJOEYMIVwN_Fi3Ebtn2YcRua58hQ7_0/edit?usp=sharing

Twitter — https://twitter.com/photochain_io

Facebook — https://www.facebook.com/Photochain-141364963181927

Medium — https://medium.com/@photochain

Instagram — https://www.instagram.com/photochain.io/

Telegram : https://t.me/photochain_io

Author: TheMichaelMatch

My BitcoinTalk Profile: https://bitcointalk.org/index.php?action=profile;u=1326035

Disclaimer: This article was published in terms of the bounty campaign. I am not a project team member or its representative but a supporter of this incredible project.