Photochain: uses blockchain technology to reinvent photostocks around the buyers and the sellers

The stock photo — it the media market connecting those to whom images are necessary for various projects, and those who are capable of creating them, i.e., authors. The technology of this business is simple, three parties participate in the process: on the one hand, photographers who develop photos, on the other hand, advertising agencies, magazines or just those who wish to get this photo, from the third side the photobanks as a bridge between photographers and people interested in their work.

Now for photographers or designers, there aren’t a lot of options which allow earning money from the sale of the digital work. For this group of artists, there are platforms, such as Shutterstock and Adobe Stock. It is also possible to call these platforms microstock. The microstock is an Internet resource, or merely the website on which authors post the works for the subsequent sale.

But problems for the sellers using such microstock are the impossibility to establish their prices, long waiting times for content verification, many failures to work on platforms, and a long time between payments. Upon these platforms compete with each other only in that who will sell cheaper your work, because this work will be bought only from that who will offer intellectual property cheaper. In other words, in existing microstock, the primary goal is to sell my photo 1000 times one dollar, and not sell it one time for 1000 dollars.

Moreover, even if artists can attract a significant number of potential buyers, having placed the digital works on these platforms, they receive only small percent from the sale price. Besides, platforms characterized by the strict requirements concerning participation conditions for sellers. Because of these severe conditions, the artist is obliged to publish a significant amount of images in hope for an opportunity to compete with extremely high levels of the competition.
To income from the photographer profession new fair and straightforward trade process is necessary for both parties.

With the Photochain platform, is issued the new concept the next generation of the platform for the photo. Photochain is the decentralized platform using smart contracts on a basis Ethereum blockchain. Use of this technology will provide fair p2p-trade in digital works between artists and buyers. The smart contracts the safety of transactions on the platform. When the sale is carried out, the seller receives payment, and the buyer at the same time acquires the bought image.

Development the Photochain platform will make a revolution in the world of the stock photo because will allow artists to determine the value of the work and gives them an opportunity to offer the job to many potential buyers. In addition, the platform will enable artists to get up to 95% of profit, considerably increases the capacity of the Photochain p2p platform for acceptance and standard use.

Each user will be able to appreciate advantages of the Photochain platform:

1. The Photochain platform developed according to all standards of information security. The Blockchain technology allows protecting transactions entirely both for buyers and for sellers. You can trust the works in safety.
2. InterPlanetary File System (IPFS) intended for creation of a constant and decentral method of storage and sharing of files. The IPFS network corresponds to some of these criteria and, besides, now is the single decentral storage, which works. For this reason, will use IPFS as infrastructure for databases of Photochain. With the use of Photochain no central business controls your to load the photo.
3. The process of recognition of illegal and offensive content is carried out thanks to advanced technologies for the analysis of images by neural networks. All the image which exchanges in Photochain network contents will be analyzed on a scale from 0 to 1 on pornographic. Also, members of the network can send the complaint to offensive content. This claim has to be confirmed by ten other users in exchange for remuneration. If this is so, the image removed, and to the supplier will block.
4. Thanks to Digital Copyright Chain — DCC will prevent majority aspects of copyright infringement. On the platform is developed the right concept of such violations when using both the technologies (machine learning) and knowledge of community Photochain.

On the Photochain platform is developed the system ranging which will serve as the motivation providing maintenance of community using honest remunerations. Increase in a rank correlates with the increase in trust to trade partner and also to Photochain DApp. The minimum requirement for accession to ranging is registration with a name.
Also, payment process (or remunerations) remains simple. Selecting the work of interest to the buyer is offered to reward the amount in PHT.

Token details

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, the 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

Website — https://photochain.io
Whitepaper — https://docs.google.com/document/d/1C4UPA9-9o2cOLJOEYMIVwN_Fi3Ebtn2YcRua58hQ7_0
Facebook — https://www.facebook.com/photochain.io
Twitter — https://twitter.com/photochain_io
Telegram — https://t.me/photochain_io

Bitcointalk Username: KidsJamanNow

Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1308879