Cyber thieves have been on the rampage stealing contents and people's intellectual properties on and off the internet. This menace has been really counterproductive to creation of more contents by intellectual wizards. Prominent among the frequently stolen intellectual properties are games, wears, gadgets and electronics. In order to stop this from lingering for too long, the colletrix platform decided to form a platform that will bring an end to intellectual property theft and ensure IP owners are duly compensated each time their intellectual properties are being used.
Colletrix will provide IP owners with all the tools required to track users of their IPs and get paid for each usage. The colletrix platform will also give discount to users who utilised the platform's token ( CIPX) for making payments for transactions carried out on it. The importance of this is that the platform token will gain more value and stability as a result, thereby causing holders of the token and the entire ecosystem to benefit massively.
Details of colletrix
Colletrix was borne out of a quest for justice, justice for those whose contents are unfairly plagiarised and reproduced by people who had no input in the production. The colletrix platform will solve many of the issues faced currently by the IP industry, and some of these issues include:
property theft: before now intellectual properties of IP owners are usually stolen without due acknowledgement, by implication the owners of this properties lose out entirely on the due compensation that they deserve, while the thief enjoys all the benefits that comes with the property. This trend has been on for long now and it doesn't seem to be a good one for content producers.
selling fake products to consumers: consumers of most commodities usually consume the substandard version of most commodities that they desire. Most times they get this commodity of less value for almost the same price as the original, thereby leaving them shortchanged.
Activities of middlemen: the people involved in conveying these intellectual commodities from the owners to consumers usually do some level of mark ups that requires users paying a little bit higher than expected.
The colletrix solution
Colletrix aims to solve the issue of theft by creating the world's first non-fungible tokens (NFT), and with this NFTs users will be able to identify stolen works from the authentic ones and allow consumers to act accordingly.
Usually consumers pay more for less by procuring fake products at same price with the original, but with colletrix they will be guaranteed of getting the right value for their money, since they are guaranteed getting only the original.
Commodities are also sold at a very cheap and affordable rate since there are no middlemen to inflate original prices, thereby providing tremendous advantage to users.
To conclude, Colletrix platform is massive and it has shown this in a lot of ways. From its team, product and passionate community (both in Asia and beyond), the project has been nothing short of extra ordinary. I really looks forward to this project and all it has got to offer in the future.
Important links:
Website: https://www.colletrix.com/#
Whitepaper: https://www.colletrix.com/Colletrix_whitepaper_20190430_1.pdf
ANN: https://bitcointalk.org/index.php?topic=5138397.0
Facebook: https://www.facebook.com/colletrix.io/
Twitter: https://twitter.com/colletrix
Telegram: https://t.me/colletrix
Linkedin: https://www.linkedin.com/company/colletrix
Author: punamidin
My Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2433162;sa=summary
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