Photochain - a decentralized stock photography platform for artists and photography enthusiasts. Blockchain technology has given hundreds of business opportunities to create systems where consumers can transact directly, fairly and safely with each other. Not to mention, thousands of dollars saved by entrepreneurs through the simple yet innovative platform they have built.
In the field of Digital Art, especially in photography, many works of art are unappreciated and wasted. And most artists ultimately do not make a penny of their work. This is brought about by limited capital for advertising and promotion, offering the advantage of mostly too small centralized photos, inability to set their own prices, high rejection rates from photo stock platforms and weight requirements to be met before you can start selling your work.
This is why Photochain developed a new platform for photostock. The new system will enable professional photographers, amateurs, enthusiasts, and all digital artists to earn revenue in a fair and secure way through a decentralized and Ethereum-based network.
Let's take a closer look at what else can be offered to its users and see how they aim to change traditional photostock systems.
Benefits to Contribution and Consumers
Higher Income at a Low Price
The main purpose of this platform is to provide a decentralized system for consumers and artists to take advantage. In normal photostock settings, artists can not set their own prices and at the same time often earn a minimal percentage of revenue. This will cause artists to raise their prices to earn at least a reasonable income from their work. That also causes consumers to be on the losing side because digital photos are expensive.
Through this blockchain-based platform, contributors will only require a minimum of 5% of the sale price and receive 95% of revenue. This will allow contributors to offer their work at a lower price because they can get a large chunk of the sale price. At the same time, this will benefit consumers because the price will be a bargain compared to the centralized photostock group.
P2P Marketplace
Direct purchases and sales between contributors and consumers are one of the key features of the platform. Where, the artist can set their own terms during the sale.
Smart contracts will facilitate transactions, allowing sellers to be paid instantly and buyers to receive digital goods immediately.
This simplified purchase and sale process through the use of blockchain technology will allow every artist to freely determine the true value of their work and will have the opportunity to easily expand their market within the platform.
Digital Copyright Chain
Within this platform, a decentralized copyright database will be used to protect the work of each artist. Machine learning bots will map links between the artist and his artwork. This will prevent deletion and revision of digital photo links.
Photochain developed this four-step program to detect and prevent copyright infringement:
- STEP 1: pHash - the use of a hashing algorithm is perceptual. This will ensure that each work will only exist in the system once and only from one author. If in any case other authors will claim digital photos already held, the system will automatically cancel this action.
- STEP 2: Claim Report - each user has the right to file a claim for copyright infringement. Any claim must be supported by evidence that an offense has been considered a valid claim. For example, the use of downloaded stock photography, the plaintiff must provide a link indicating that it is owned by another author. This algorithm will then determine whether the work is actually owned by the contributor or not.
- STEP 3: Moderator - once the digital image has been detected by the algorithm as identical, the ten community artists will review the work manually and will decide whether it is valid or not. These artists are regarded as moderators.
STEP 4: Sanctions and Appeals - upon review, if the contributor has been found to be copyright infringement, the user account along with the funds will be frozen for three months. However, they can appeal and be reviewed by the Photochain governance.
- STEP 1: pHash - the use of a hashing algorithm is perceptual. This will ensure that each work will only exist in the system once and only from one author. If in any case other authors will claim digital photos already held, the system will automatically cancel this action.
- STEP 2: Claim Report - each user has the right to file a claim for copyright infringement. Any claim must be supported by evidence that an offense has been considered a valid claim. For example, the use of downloaded stock photography, the plaintiff must provide a link indicating that it is owned by another author. This algorithm will then determine whether the work is actually owned by the contributor or not.
- STEP 3: Moderator - once the digital image has been detected by the algorithm as identical, the ten community artists will review the work manually and will decide whether it is valid or not. These artists are regarded as moderators.
- STEP 4: Sanctions and Appeals - upon review, if the contributor has been found to be copyright infringement, the user account along with the funds will be frozen for three months. However, they can appeal and be reviewed by the Photochain governance.
Photon Tokens.
Photon tokens will circulate within the community to be used for rewards programs, access to services, and all other transactions made within the platform.
Token Details
- Ticker: IPM (Photon)
- Standard: Ethereum ERC20
- Soft cover: 165.723.285 PHT
- Hard cap: 230.000.000 PHT
- Price: 1 PHT = 0.12 USD
- Minimum investment: 0.2 ETH
- Receive: ETH, BTC
Allocation of Token.
- 79% - Sale Token.
- 14% - Management and Legal Team.
- 4% - Adviser.
- 3% - Bounty.
Token Main Sale RoadMap
Community Sale
- Price: 1 PHT = 0,084 USD, 1 PHT = 0,072 USD (optional 12-month vesting period)
- Start Date: April 6, 2018
- End Date: April 8, 2018
Braveheart Sale I
- Price: 1 PHT = 0,084 USD, 1 PHT = 0,080 USD (optional 4-month vesting period)
- Start Date: April 9, 2018
- End Date: April 18, 2018
Braveheart Sale II
- Price: 1 PHT = 0,096 USD, 1 PHT = 0,090 USD (optional 6-month vesting period)
- Start Date: April 19, 2018
- End Date: May 8, 2018
Remnant Sale I
- Price: 1 PHT = 0.108 USD, 1 IPM = 0.102 USD (optional 8-month vesting period)
- Start Date: June 11, 2018
- End Date: June 20, 2018
Decision.
Photochain stock photography platform is an ambitious project. Their goal to provide more benefits for its users, especially for digital artists is incredible. If supported by many, this platform will not only increase the value of any artwork but will also change the game in the stock photography community altogether.
For a simpler, safer and fairer environment on offer, who would not be interested in incorporating their work in this platform? Most likely will invite many users and contributors alike.
However, like other blockchain-based platforms, leniency and consistency in applying all rules and meeting consumer expectations is key to achieving stability.
If you want to know more about Photochain and take advantage of their Main Sale discount, please access the link below:...
- Website: https://photochain.io/
- Whitepaper: https://docs.google.com/document/d/1C4UPA9-9o2cOLJOEYMIVwN_Fi3Ebtn2YcRua58hQ7_0/edit#
AUTHOR: dean andhika
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