The main idea of the Photocain project is to realize the possibility of paying photographers a higher reward for their work than they earn on centralized platforms for storing photographs. The site Photоchain cites data that many popular photo-sharing platforms pay photographers only 23% of the final price for their work. For comparison, Photochain plans to pay photographers 95%, taking the commission only 5%.
Photochain promises to implement a quick check period and fast payment time. In addition, photographers will be able to set their own prices, ie there will not be a clear price.
The project of Photochain is based on the team from Estonia. The sale of tokens for the PHOTON platform or PHT will start in April 2018.
How technologically is the project?
Photоchain is built as a decentralized application based on blockers (dApp) based on the Ethereum network. The application uses a file system (IPFS) to protect data on the network.
Photochain dApp implements four basic parameters and functions, including:
Security:
Photochain security is provided by creating a chain for buyers and sellers, so you do not have to worry about the security of the network.
Decentralized:
Digital content has a high degree of encryption and is stored in a decentralized database. There is no centralized office that can control downloadable content.
Copyright:
Your intellectual work will be in close connection with your account through the block chain, creating a fundamentally new copyright protection based on the blockbuster.
Content:A decentralized application can be used exclusively for photo trading. Photochain will file claims on bots "in order to ensure the availability of only personalized content."
One of the main advantages of Photоchain is its copyright protection system. They call it Photocall Digital Copyright Chain, or DCC. Fathographs have the ability to link their work with a personal name, and then protect this connection using a block chain.
The Ethereum block chain provides a transaction, making it visible to users at any time, thereby making the product transparent and minimizing the risks of being deceived. Anyone can check the Ethereum block chain to make sure that the content is protected by the copyright of a particular person.
Photоchain sees that their copyright system surpasses the copyright model with human rights (RM), as well as the author's models of "Royalty Free" (RF).
Photoshoot
Photochain will charge a fee of 5%. This fee is transferred to the purse of the account of the team Photochain.
If the price is 5 euros, then a commission of 25 cents will be added. The fee for 5% consists of the following components of the application, most of them collected in the team and the reserve fund of the application:
0.02% for the network card Ethereum, paid for interaction with the franchise contract Photochain
0.98% is sent for data storage, since photos and digital works require sufficient storage space (that is, server expenses)
2% for the Photochain management team for ongoing development and moderation
2% for the backup of the decentralized application Photochain (DApp)
The Reserve Fund "Photochain" will be used to pay remuneration for the resolution of disputes. Higher payments from this fund will require approval from the two moderators of the highest level, while smaller payments (for example, rewards for resolving the claim) can be processed automatically.
The technical document Photochain also mentions the possibility of charging 10% commission and 15% commission for Silver and Gold accounts. They have three different models of transaction charges. Users can pay higher tariffs based on the level of service they want to receive from the platform. Depending on the services users need and the status of their account
PhotoChain Features
Photochain offers the following functions:
Claim module:
Users can use the claims module to protect against copyright infringement. If a piece of content is suspected of copyright infringement, users can use the claim module and all claims will be automatically considered.
The claims will be processed based on whether the image is the same as the image placed on the DAchp Photochain, and regardless of whether the author's name is attached to this image in accordance with the block chain.
Mechanisms of machine learning Photochain will analyze whether these requirements are met, and then give out compensation. For greater compensation, additional input of moderators will be required.
Seller module:
The seller module provides sellers with an easy way to offer options for sale in the Photochain application.
Content Uploader:
If you decide to sell part of the Photochain application, you upload photos through the content download module. After downloading your files will be stored in the IPFS network.
Content Checker:
This module checks if your copyrights are violated or whether illegal content contains content. For this, the IPFS Photochain module is used.
Buyer's module:
Buyers can use this module to easily search for photos available for purchase. The buyer module includes contextual searches using tags, searching for similar images, and so on.
Payment module of the wallet:
The payment purse module has access to the PhotoCain user's Ethereum address.
Transaction data module:
The transaction module processes transactions.
In general, Photochain emphasizes high availability, decentralized use, structured data storage, data deletion and speed.
How to use tokens and how can they be valued?
The PHT token is a remuneration tool used in the Photocain ecosystem. Any type of transaction on the platform will require the use of PHT tokens.
Use cases for Photon Token:
Access to the services of the Photocall platform
Rewarding the decision on claims
Listing for "selected photographer" - section
Delivery of services from partners Photоchain (for example, our partner for cooperation 1World)
Selected in search results
Other microservices that will in future facilitate the ecosystem of Photocain
Compensation system
For photographers and their services
The number of PHT tokens will be strictly limited to the declared Hard Cap. After Crowdsale, an additional 21% of PHT tokens will be reserved for the team, advisory board, partners.
Details of Token Sales
Tokens Sale Schedule March 25 - May 25, 2018
Purchase of Ethereum Token, Bitcoin, Litecoin
Price Token 5.882 PHT / 1 ETH
Total Supply Token 230.000.000 PHT
Conclusion
Photochain aims to create a better photo database environment using blockchain technology. The platform will introduce innovations such as the Digitalchain Digital Chain, or DCC, which will synchronize ownership information with the property of a particular user, and then report the information to the Ethereum block chain.
This is truly a new product. Which is able to show good results. And I believe that this project is truly innovative and technological. With the growth of the market is able to show truly outstanding results. By allowing photographers to receive additional rewards,
More Information, Please Visit:
Website: https://photochain.io/
Whitepaper: https://docs.google.com/document/d/1C4UPA9-9o2cOLJOEYMIVwN_Fi3Ebtn2YcRua58hQ7_0/edit#
Facebook: https://web.facebook.com/photochain.io/
Twitter: https://twitter.com/photochain_io
Telegram: https://t.me/photochain_io
By:https://bitcointalk.org/index.php?action=profile;u=1725951