Disclaimer: The information contained in this article is for informational purpose only and not financial advice. Do your own research before making any investment decisions.
Note: below is my interpretation and my view from the project, not what they claim by themselves

 PO8 is a blockchain-based ecosystem aiming to disrupt the marine archaeology industry. They have a decentralized ecosystem to be the comprehensive solution for conducting undersea exploration, promoting responsible salvage, ensuring preservation of cultural heritage and enabling valuable artifacts commerce as well as providing an approach for the registration and authentication. 

 

Products

Maritime Artifact Data System (MADS)

Maritime Artifact Data System allow enthusiasts, both individuals and companies, to participate in the undersea search and recovery expeditions of sunken treasures. 

 The system sets bounty tasks including but not limited to data analysis such as sonar, magnetometer, geo-mapping, historical records, weather patterns, video feeds and more. Once the tasks are completed, those people would be rewarded with the system's token which could be trade for other cryptocurrencies or fiat money.

Historical Open Auction Platform (HOAP)

Historical Open Auction Platform is an open source marketplace offering secure, cost-effective and transparent method of transferring artifacts treasures on the Ethereum blockchain, allowing the global access to anyone wanting to join the industry

Government Artifact Auction System (GAAS)

Governments, museums and non-profit organizations can register and authenticate artifact treasures before commercing and making auction historical artifacts between one another thanks to the escrow service that PO8's Government Artifact Auction System provides.

PO8 Historical Artifact Registry System (PHARS)

PO8 Historical Artifact Registry System is proposed to identify historical artifacts and validate the their authenticity by utilizing the unique signature identifications that are added into the blockchain indefinitely.

Token Information

Token Platform: ERC20Price per token: $0.008Hardcap: $30.3M USDSoftcap: $10M USDTotal Token supply: 10,000,000,000Token for sale: 6,000,000,000 

 

PO8 - Bringing Marine Archaeology to the Blockchain

Introduction

The fascinating thing about archaeology is the discovery of ancient and maybe even legendary objects or fossils. When you have read Dan Brown books and heard of the Holy Grail, then you will understand this kind of fascination. You can’t put it in words, but there is a feeling inside you, which wants to know more about the object and its past. Unfortunately, a lot of treasures of mankind are lost in the depths of the sea. Experts are estimating the value of treasures under sea is exceeding billions of US dollars. In some cases, it’s even not possible to give the findings a figure. 

 Just twenty years ago an expedition team found the Lost Kingdom of Cleopatra under sea. It’s estimated to have been lost for about 1600 years after earthquakes or tidal waves. The expediters found a considerable number of artefacts, which were still intact. Now the Egyptian government has plans to give interested people the opportunity to see these artefacts by offering some kind of underwater museum, which also might attract tourists. 

 

Challenges

Other than traditional archaeology marine archaeology is not as far developed due certain challenges:
• Difficulties of access => requires diving equipment and very advances diving skills
• Expensive equipment => if access is beyond reach of divers, then it’s necessary to have submarines or remote sensing equipment
• Working underwater also requires a working platform close to the spot
• Hazardous and dynamic environment due to currents, storms and tidal flows 

 These points also make marine archaeology very cost expensive since the required equipment, tools, platform and the team for coordination, medical treatment and diving requires easily few million dollars for entering the industry.

How PO8 could contribute to the Marine Archaeology Industry

PO8 wants to contribute by forming a blockchain ecosystem by forming a foundation, which will hold exhibitions with the discovered artefacts and also by developing a decentralized, secure and transparent auction platform, where the discovered treasures can be traded. Another goal is to create a registry system, which will help to authenticate the treasures and give them security against frauds. The PO8 ecosystem will be built on four pillars:

1. Maritime Artefact Data System (MADS): With a proof of stake model for PO8 tokens, users who hold a certain amount of tokens can participate in treasure hunts. By contributing to the bounty hunt and completing tasks, users can be rewarded with SILVER tokens. These tasks for example can be analysis of sources and records regarding sonar data, geo mapping, historical documents, video patterns and a lot more. The data can be downloaded from the MADS central server and this way users can contribute to the treasure hunt and get a feeling of being part of an expedition.
2. Historical Open Auction Platform (HOAP): The platform will also play an important role in the PO8 ecosystem since treasures and artefacts can always be a fraud. By having an own decentralized auction platform PO8 can gain interest from people, who are interested in these treasures and who can be won as future users of the ecosystem.
3. Government Artefact Auction System (GAAS): This platform can be seen similar to the previous one, but it will focus on governments, museums and non-profit organizations, who are interested in trading artefacts and having them validated.
4. PO8 Historical Artefact Registry System: With help of the blockchain technology it can be ensured that artefacts can be registered to prevent fraudulent activities by having unique signature identifications, which will remain in blockchain and be secured against attacks.

 Website : https://po8.io/

Whitepaper : https://po8.io/PO8Whitepaper.pdf

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