Integration of NFT Tokens in Planchain Service System

Iman muda
4 min readOct 14, 2019

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Many ways are used to appreciate a work that has been created. Where the main way to do is to provide physical protection and legality for the IP (Intellectual Property). One strategic way that can be done is to register it on the Planchain platform that you can access, both via desktop screens and mobile applications.

Did you know that currently there are many works or IPs that do not yet have a clear ownership rights. Of course there are many factors that cause this to happen, which is caused by the economic limitations possessed by each IP owner. Where to take care of the legality of IP, of course you have to go through a number of administrative processes that can be costly and time consuming. In addition, the limitations of one’s knowledge of ownership rights of intellectual property (IP) are also the main reason for the unclear identity of ownership. All of this certainly comes from the mindset of the creators of each IP. Where there are creators who only want to commercialize their IPs, even with an illegal route. For example if you create one song and you sell the song to another party, and then the song becomes famous. So because you sell the song on an illegal track, you also aren’t automatically entitled to get royalties for monetizing the song. Therefore, as humans who have interests and talents, we are not only required to design a work. However, it is also required to know what are the best steps that can be realized to protect and respect an IP. Therefore Planchain offers a service with a cost offering that is very easy to reach by various groups.

As a Blockchain technology platform that uses the principles of cryptocurrency economics. Of course Planchain provides the main requirements for ownership of a utility token or PLAN token that can be used to access various services. Even now he also allows a number of fiat currencies and other types of cryptocurrency to be converted into PLAN tokens in advance to access various services. This is of course also done to further expand its market share.

Similar to financial management or tokenization systems found on Planchain, of course each IP also needs an asset management system that can provide protection and management services. As is offered by Planchain at this time, namely all kinds of forms of protection and management such as copyrights, trademarks, patents and trade secrets. In fact, it not only functions to protect assets from a physical aspect, but also can help the commercialization and monetization process of the IP produced. Seeing this, of course we can also refer to Planchain as one of the most complete asset management solutions. Because basically, services and features like these are really needed by IP owners.

Did you know that after IP owners get Blockchain certificates that are printed permanently using Vechainthor technology. Then the next step the user can add NFT (Non-Fungible Token) to further improve storage services. Where NFT is a type of token that is different from tokens that are owned by various types of investment or other financial platforms. All tokens must be launched with different types, which is done to show proof of ownership of these tokens, for example BTC tokens owned by Bitcoin and SRX owned by Soraix. But the tokens referred to in NFT are not tokens that function for all kinds of purposes and investments. But to prove ownership, which function is currently used in the Planchain service system. Therefore automatically this token is not a type of ERC-20 token, but is classified into type ERC-72 which has a special mission in terms of functional NFT.

The reliability of Planchain in providing virtual protection services, of course we can call it one of its advantages. This shows how he can integrate two types of tokens at the same time in his service system, namely NFT and FT (Fungible Token). This step is certainly very strategic to further highlight the uniqueness and characteristics possessed by the IP. Therefore we can call Planchain as a trusted platform that can protect every IP created.

Thank you for reading this article, for more information please click the link below:

Website: https://planchain.io/#snap-block-mobile-app

White paper: https://planchain.io/wp-content/uploads/2019/08/onepager-28-08-2019.pdf

Telegram: https://t.me/Planchain

My information

BTT: https://bitcointalk.org/index.php?action=profile;u=2538358;sa=summary

VET: 0x76171af90553FA861069D672d7F4385e01a301Bf

#PLAN_TGE_CONTENT

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