INTRODUCTION
When we talk of cognitive property industry, it covers a wide range of commodity or contents produced by the artist from all parts of the world. So often than not, these artists works or products are always in high demand but their bis no effective distribution and in many cases the middlemen in the chain of distrubution reaps the profits of the authors. The content industry is in a state of chaos as at this moment and the creators of the cognitive properties (IP) cannot afford to continue this way. COLLETRIX as a solution that is craved in the platform has been constructed to put an end to all of the problems in the sector through the well planned innovation that has been set on the digital network. This article will explain how useful this platform is and how the content creators can leverage on it to make profit and be secured.
ABOUT COLLETRIX
This project weilds the tools that is capable of taking care of the activities of the consumers and the artist that created cognitive materials. Firstly, the protection of the creators content will be achieved and then all other needs or loopholes will be filled accordingly. This platform has a solid and beneficial relationship with other platforms that help promote its functions or the solution through the blockchain technology. Some of the companies are the Future Arena, Bitwork Accelerator, Undone and Animoca Brands.
They are supportive and assist in the revolutionization of the industry. They ensure the content creators have verified identities and they monitor the type of properties they produce and send to the market. Authenticity is checked to ensure the consumers don't get what is substandard. Trust is established in the platform as the product are exchanged in the community. The team members work collectively and help raise the ecosystem to have more relevance in the sector each of the members of the team perform different roles but their different roles combines to eliminate the challenges in the platform.
THE FEATURES OF COLLETRIX
This platform finds it strength from it features that include the companies it works with. This is what makes it stronger and able to attract more consumer for the artists. However it has a higher business advantage over its competitors and cannot be compared. The mechants that help distrubute the goods are also guided as the products are distributed to the consumers. This makes all the segment of the industry under surveillance such that all that is done can be monitored and secures. Trading the content will be done best digitally and the conversion of the properties to assets will be feasible as it is done in the public ledger. This company provide the best services for the stakeholders in the ecosystem which are the content creators, distributors or the merchants and the consumers. They will all be connected and will work together without hitches.
The platform will become stronger so also will the industry. To tokenize the contents of authors will be possible and that will be done whenever the creators want. The platform will secure stakeholders in the industry and give then an approprate licensing approach with lesser fees. In times when needs arise to trace a particular operation to understand the flow of the operations and to see if any error occurred during a process, this will be possible too for security reasons. All the purchased IP will be authentic contents and nothing short of it. If the consumer wishes to go further, they can choose to support an artist through the token they contribute. The token used in this platform are of two different types. The CIPX and the NFT. Both are involved in the entire operations in the system but are of different sources. CIPX is ERC-20 while NFT is ERC-721. Their combine use brings about effectiveness in the operations of stakeholders and makes the platform complete.
CONCLUSION
This is a perfect project with a well guided innovation for all in the entertainment industry to use. It will be easy for authors to claim ownership of their IPs as they are created while to monetize and have gains too won't be difficult. Full Security, transparency and Profitability will be enjoyed as the platform is used.
USEFUL LINKS
Website: https://www.colletrix.com/
Whitepaper: https://www.colletrix.com/wp/en/ColletrixWhitepaper.pdf
Telegram: https://t.me/colletrix
Twitter: https://twitter.com/colletrix
Facebook: https://www.facebook.com/colletrix.io/
AUTHOR'S DETAILS
Bitcointalk Username: Dannev
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2317961