What is PO8?

PO8 is blockchain ecosystem making marine archaeology and the recovery of lost artifacts more inclusive and decentralized. For the first time ever, people from around the world can participate in these expeditions through the tokenization of search and recovery efforts. And, through our decentralized applications (DApps), PO8 provides secure, transparent and cost effective blockchain solutions for registering, authenticating, and transferring these high valued artifacts.

They are creating scalable technologies that take ocean exploration and the search of historical artifacts to new heights. Our technology utilizes AI, robotics, dig data and blockchain. They are to be supported by the Bahamas government and working with top universities and archeologist from around the world.

Market Challenges

Cultural Heritage Preservation

It’s no secret commercial salvors have received a bad rap within the marine archaeology community. Salvors are portrayed as destroyers of cultural and historical relics, all in the name of financial gains. Some say they have little regard for the archaeological composition and academic value of shipwreck sites, resulting in the desecration of important underwater sites. The flip side of the argument justifies the need for commercial salvaging and its financial motives, in order to promote more explorations, employ technological advances and make new discoveries before they are lost forever to slow deterioration. This is not a black and white conversation. There are many shades of gray, when considering all the stakeholders in this process.

High Salvage Costs

Commercial salvaging requires the latest in marine technology, with some of the world’s leading marine archaeologists and oceanographer experts leading the way. This can quickly accelerate costs to the millions of dollars. At these costs, recovering buried artifacts is possible for only a handful of existing commercial salvage companies. Only they have the financial backing to afford months, years and sometimes decades on the high seas in the treasure hunt of their lives. For governments and the non-profit sector, these high costs make it difficult to be active participants in exploratory excavations. Considering all these barriers, PO8 came up with the idea to use the foundation of blockchain and cryptocurrency as a way to open up salvaging to anyone with an interest.

Centralized Auction Process

Once corresponding owners, sovereign nations, insurers, foundations and others receive their fair share of the found treasures and artifacts, salvage companies look to popular international auction houses such as Christie’s or Sotheby’s to sell some of the treasures. Not until this phase, is there a return on their investment. Selling the priceless artifacts can cost the salvage companies anywhere from 12 to 20% in sales commissions. Considering their share can be in the millions, sales commissions can take a sizeable portion of profits from the salvors.

The PO8 Solution - Their Decentralized Applications

PO8 Maritime Artifact Database System (MADS)

MADS allows anyone from around the world to help in the search and recovery efforts of long lost artifacts. Through proof of stake, PO8 token holders can participate and complete any of our bounty tasks and earn free SILVER tokens. SILVER tokens are a secondary token that can be exchanged to PO8 tokens or be used on anyone of our DAPPs. Bounty tasks include analyzing data such as sonar, magnetometer, geo mapping, historical records, weather patterns, video feeds and more.

PO8 Historical Artifact Registry System (PHARS)

A decentralized registry platform used to identify historical artifacts and certify their authenticity. We do this by utilizing the ERC-721 token which allows for the creation of unique signature identifications that live in the blockchain indefinitely.

PO8 Government Artifact Auction System (GAAS)

Serves as a secure escrow service allowing governments, museums and non-profit organizations to register and authenticate artifact treasures to buy, sell and auction between one another. This is powered by ERC-721 tokens. All users of the platform are validated to ensure they are government entities.

PO8 Historic Open Auction Platform (HOAP)

Establishes a safe and transparent decentralized auction house ensuring responsible commerce of artifacts. This permits P08 to auction off a fraction of the recovered treasures and, subsequently, the open sourcing of the platform to anyone looking to create their own auction for high-end artifacts and treasures on the blockchain. In order for artifacts to be sold on the platform, they must be digitized first with an ERC-721 token.

PO8 Team

They have one of the best teams, each one's expertise not only complement each other but the experience they bring is extremely valuable. Since this is a government-funded project, the background of everyone in their group has been reviewed and everyone's profile is very impressive. Their art director is No. 1 in the world. Claudio has 30 years of experience and has written more books than he has found many wrecks. Their new blockchain development partner is one of the leading corporations in Asia with over 50 developers and they have produced some revolutionary products for our blockchain division. As CEOs, they have two large companies worth millions of dollars. They also have a growing community and every day our group is still expanding.

Team PO8, absolutely all of its employees are working for the benefit of the company and are always ready to help in any matter. They are always in touch and do not lose sight of. Indeed, at the current moment, when we are talking about ICO projects, this fact is very important. All the prototypes made by the PO8 development team are publicly available, right now you can get acquainted and try out this system. The leaders of this project have tremendous experience in doing business of this kind and PO8, certainly will succeed.

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