Introduction
Photochain is found online in Photochain.io, using blockchain technology to rediscover photos around buyers and sellers.
The goal is to pay more photographers for their work than they currently earn on a centralized stock photography platform. The Photochain website claims that many popular stock photography platforms pay photographers only 23% of the final price for their work. By comparison, Photochain wants to pay a 95% photographer.
Photochain also emphasizes fast verification periods and fast payment times. Plus, photographers will be able to set their own prices.
Photochain is being developed by a team based in Estonia. Token sale for PHOTON platform token.
How Does Photochain Work?
Photochain was built as a genuine blockchain decentralization (dApp) application on the Ethereum network. This application uses InterPlanetary File System (IPFS) to secure data across the network.
PhotoChain Features
Photochain offers all the following features:
Claim Module:
Users can use the Claim Module to act against copyright infringement. If some content is suspected of infringing copyright, then the user may use the Claim Module.
Claims will be processed based on whether the image is the same as posted on DApp Photochain, and whether the author's name is attached to the image or not according to blockchain.
The learning mechanism of the Photochain machine will analyze whether these requirements are met, then compensation issues. Larger compensation will require input from the moderator.
Seller Module:
The seller module gives the seller a simple way to offer snippets for sale in the Photochain app.
Content Upload Module:
If you decide to sell a piece in the Photochain app, then you will upload the photo via the Content Upload Module. Upon uploading, your files will be stored on the IPFS network.
Content Verification Module:
This module verifies whether your copyright is being infringed or whether the content contains illegal material. This module uses IPFS Photochain node to achieve this.
Buyer Module:
Buyers can use this module to search for photos that are available for purchase easily. Buyer Module includes contextual search using tags, similar image searches, and more.
Payment Wallet Module:
The payment wallet module has access to the Ethereum user's Photochain address.
Transaction Data Module:
The transaction data module processes the transaction.
Overall, Photochain emphasizes high availability, decentralized use, structured data storage, data deletion, and speed.
Sales Token Photochain
Photochain Tokens, or PHOTONs or IPM, are the ERC20 tokens on the Ethereum blockchain.
There is hard token 230 million IPM available for publication. Of the total token supply, 79% is allocated for token sales. The remaining tokens are reserved for management, team and legal fees (14%), advisors (4%), and bounties (3%).
Pre-sale begins in January 2017.
The main token sale, meanwhile, is scheduled for April 6th. Whitepaper token sales list as lasting only one day: from 06.04.2018 at 8 am CET to 06.04.2018 at 12 am CET.
I do not fully understand what that means. Based on the date and time listed, the token sale is scheduled to end before it starts (midnight before). Hopefully Photochain will provide clarity about their token sales time. It seems unusual for a token sale to last only one day.
Who's Behind Photochain IPM?
Photochain was co-founded by Stanislav Stolberg (CEO) and Arthur Ishmetev (CTO). Stolberg is an InfoSec consultant and "digital transformation manager" while Ishmetev is a software architect and developer of full stacks.
Roadmap
Photochain PHT ICO Conclusion
Photochain aims to create a better photographic stock environment using blockchain technology. The platform will introduce innovations such as the Digital Photochain Chain Copyright, or DCC, which will attach photo ownership information to specific users, then post information to the Ethereum blockchain.
More information, please join the link below:
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
Github: https://github.com/photochain
Instagram: https://www.instagram.com/photochain.io/
Author: Adikusnadi
Bitcointalk profile: https://bitcointalk.org/index.php?action=profile
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