PHOTOCHAIN LATEST BREAKTHROUGH

5 min readMar 23, 2018

WHAT IS PHOTOCHAIN?

Hello everybody! Today, let’s talk about creativity! Or rather the revolution in the world of photography. Photochain platform — what is it? This is a blockchain based platform, which was created to protect the authors of original photographs. A kind of photo drain. On which it will be possible how to sell their author’s works, and get the photo you need.
Photochain is completely decentralized and operates on the principle of P2P where the author communicates directly with the buyer, excluding all possible intermediaries. And since everything works on smart etherium contracts, transactions are not only transparent, but also safe. P2P is a very good solution for using it on its platform. Since all mutual settlements will pass directly between users. Users of the platform will seek to increase the quality of their work, because this will directly affect the level of their income. If earlier on the other stock platforms a large commission was charged up to 30%, then the author would receive up to 95% for his work.
With the Photochain p2p platform, we launched a new concept as the next generation of the stock photography platform. We use this technology to perform fair trade p2p between digital works between artists and buyers.
Therefore, the specific use requirements for this platform, safe exchange terms, are simple and fair for both parties. Wait, the artist receives up to 95% of the final sale price.

MISSION PHOTOCHAIN

Photochain offers a clear advantage over conventional photo stocks for both types of users: taxpayers and customers. Photochain employees benefit from a very low cost: only 5% of the sales price. The opportunity to maintain 95% of the final sale price allows taxpayers to offer their jobs more economically and, consequently, the market becomes more affordable for customers. This type of fair market not only benefits users, but should also benefit the photography industry as a whole, since the possibility of higher revenues contributes to their contribution to better performance.
This profound market change is only by using blockchain technology, Intelligent Contracting, machine learning and the user community of Photochain itself. Processes and platforms It is undeniable that more and more stock photography contributors and customers will prefer to use Photochain.

The development of the Photochain platform is an ambitious and growing process organically. Our ultimate goal for this project is under three important branches:
P2P Markets — It is important for us that only the artists themselves can determine their work and they are given the opportunity to offer their work to many potential buyers. Our platform provides this opportunity that is realized by using synergies from Blockchain technology and machine learning.
The Crypto Economy — The Photochain platform appeals to a wide audience that is still unsuccessful in blockchain and cryptocurrency technology. The use case of “Photochain” can attract this audience. Easy-to-use GUI and trading process. Crypto became mainstream.
Photochain Digital Copyright Chain: DCC — As the process progresses, more and more artists will be able to strengthen their copyright using the Photochain platform, as their work will be fine with its name. This will be seen by all users at any time. This means the artist’s sense of the image can be accounted for. Databases with all tangible links have been built in a decentralized way.

PLATFORM PHOTOCHAIN

With all existing stock photography platforms, the only way to ensure transaction security can be ensured is through the control center. Compared to that, we created a platform that works independently, safely and efficiently based on established rules.
We are developing DApp Photochain in blockchain Ethereum. In addition, Photochain also uses computer vision (machine learning) to meet the requirements of certain stock photography technologies.
Photochain DApp is a platform where artists have the opportunity to sell their work to a wide audience at a price they charge, and where the seller is also content and responsible for the work they sell themselves. The Photochain team has no responsibility or responsibility for the illegal behavior of the seller. This means the artist is responsible for the legality of the work he is selling, and is fully responsible for illegal activities. Photochain however, will uphold the user’s copyright, with the prevention of unauthorized photography sales.

EXCELLENCE OF THIS PLATFORM

Security — Blockchainaut secure and verifiable transactions for buyers and sellers. You can trust your safe work.
Decentralization — Digital work is encrypted and stored in a decentralized database. No business you are uploading.
Content — DApp will be used exclusively for photography trade. We use bots to ensure only acceptable content is listed.
Copyright — Your work is related to your identity throughout the blockchain. This and machine learning plus our active community, protect you from cheating.

PHOTOCHAIN ROADMAP

Photochain DApp development is a technologically and organizationally ambitious project and needs careful planning. We run the project with a mixture of agile methods like Scrum and classic IT project management ITIL . Important milestones of the Photochain roadmap are listed below.

PHOTOCHAIN PRE-SALE

Pre-Sale PHOTON token Hard Cap: 10,000,000 PHT
Currency accepted: ETH, BTC, LTC
Token exchange rate: 1 PHT = 0.000085 ETH (accordingly in other cryptocurrencies, discount of 50% on the standard PHT price ).
Amount of tokens per one person: unlimited
Minimum transaction amount in Ethereum: 0.1 ETH
Maximum transaction amount in Ethereum: unlimited (within Hard Cap)
Minimum transaction amount in Bitcoin: 0.003 BTC
Maximum transaction amount: unlimited (within Hard Cap)

Start date: January 2017
End date: Now closed