Intellectual properties (IP) has done a lot in making the world both exciting and interesting too. Life wouldn't have been as fun as it is at the moment without the contribution of IP owners. On the other hand the level of intellectual properties being produced over the years have dwindled to a very large extent. The reason for this isn't far fetched, it is primarily because these contents are now being abused and misused by other people without giving due acknowledgement to people that created them.
For this particular reason a group of enthusiastic crypto lovers came together to form a platform that will curb the rate at which intellectual properties are being stolen without giving due acknowledgement to the actual owners. The platform was created on the blockchain as it happens to be the only platform that can clearly help to eradicate all these mishaps at the moment.
Colletrix in details
Colletrix intends to use the blockchain platform to offer a fair deal to intellectual property owners, merchandisers and consumers through tokenization. The platform uses NFT (non-fungible tokens) to signify each IP created and allows intellectual property owners to earn from it through the IP-NFT market place.
The platform already has a working product which implies that they will only need to work on further expansion and their user base. Four companies came together to join resources in ensuring that this project succeeds, all of which are based and already prosperous in Asia.
Benefits of building Colletrix on the blockchain
Transparency: one major advantage the blockchain holds over most other platforms out there is the level of transparency that comes with using it. This is made possible by the use of smart contracts that reveals every details of transactions carried out on it for the general public to see. This level of transparency is such that you will not find on a centralised system.
Affordable: the cost of executing transactions on the blockchain is known to be relatively low such that users will be able to afford it conveniently. Giving users of the blockchain an edge over their counterparts.
Speed: transactions are usually executed within the shortest possible time without any form of glitch, it doesn't matter the number of people transacting on it at same time, the transactions are usually processed fast regardless.
How it contributes to colletrix
Seeing all the advantages that colletrix offers it becomes clear beyond every doubt that the colletrix platform will go a long way in masterminding a change in the IP industry, ensuring that all parties involved in the colletrix ecosystem are well satisfied.
Token details
The total supply of the colletrix token is 10 billion, and it is built on ethereum, the token ticker is CIPX. An IEO will be held sometime this month to give more supporters the chance of buying the colletrix tokens.
Summary
Colletrix will solve all the lingering issues of the IP industry, it will encourage the production of more IPs by people since the platform helps provides compensation for every of their properties being used by third parties.
Important links:
Website: https://www.colletrix.com/#
Whitepaper: https://www.colletrix.com/Colletrix_whitepaper_20190430_1.pdf
ANN: https://bitcointalk.org/index.php?topic=5138397.0
Facebook: https://www.facebook.com/colletrix.io/
Twitter: https://twitter.com/colletrix
Telegram: https://t.me/colletrix
Linkedin: https://www.linkedin.com/company/colletrix
Author: punamidin
My Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2433162;sa=summary