Photochain : The Stock Photography Revolution

Photochain is a DApp, a decentralised application, built on top of the Ethereum blockchain and IPFS protocol. Photochain is its own closed system that operates on the computing power of the ethereum virtual machine.Photochain uses blockchain technology to reinvent photostocks around the buyers and the sellers.

With all currently existing stock photography platforms, the only way security of transactions can be ensured is via central control. Our platform works autonomously, securely and efficiently based on predefined rules.

We are developing the Photochain DApp on the Ethereum blockchain. Additionally, Photochain also uses computer vision (machine learning) to fulfill the specific technological requirements of stock photography.

Photochain Token

We are realizing the Photochain DApp through the Photon token sale. We have successfully completed our private pre-sale and our main sale will begin on 6th of April 2018.

In line with best practices during the main sale, the amount of Photon tokens issued will have a realistic hard cap, at which point we will close the sale. PHT tokens will be issued following the end of the main sale. It may take up to 30 days to fully distribute all tokens.

To prevent us falling foul of potential future regulations, we ask for a KYC and anti-money laundering check for each contributor to the token sales. This protects both contributors and us. This also reflects our long-term commitment to comply with all legal and regulatory requirements that may be required of us.

Name : PHOTON Token (PHTs)
Standard : Ethereum ERC20, utility based
Max Supply (Hardcap) : 230,000,000
Release date : issued after crowdfunding
Represented value : tokenization of digital visual works

Photochain Mission

Photochain has clear advantages for contributors and customers. Contributors at Photochain benefit from an extremely low fee - only 5% of the selling price. Keeping 95% of the final sale price allows contributors to offer their work cheaper. Consequently the market becomes more affordable for customers. This type of fair market not only benefits the users, but should benefit the photography industry as a whole, as the possibility of increased income incentivizes contributors to perform better.

These profound market changes are only made possible by using blockchain technology, Smart Contracts, machine learning and Photochain’s own user community. Most of the processes become automated and decentralized, significantly reducing costs of platform governance. It’s unavoidable that more and more stock photography contributors and customers will prefer to use Photochain.

Photochain team