PhotoChain:
Photochain platform, present the possibility for artists to sell their works directly to their customers, on their own terms. Photochain doesn’t require a centralized authority to ensure the correctness of transactions. This reliability is inherently contained in the blockchain technology. Photochain also uses computer vision (machine learning) to fulfill the specific technological requirements of stock photography.
PhotoChain DApp
The Photochain DApp is a platform on which artists have the opportunity to sell their work to a broad audience at a price they themselves set, and where sellers are also fully and solely liable for the works they sell themselves. The Photochain Team does not have any liability or responsibility for illegal behaviours of the sellers. To ensure the self-sufficiency of the Photochain DApp and to reduce the governance of the platform to a minimum, a technologically supported rulebook was developed.
Photochain’s Ecosystem
The Photochain DApp is a platform specialized in the trade of stock photography, in which processes are reduced to a necessary minimum in order to guarantee simplicity and transparency.
Payment (Rewarding) Process in PhotoChain DApp
The payment (or rewarding) process is simple. After selecting the works of interest to them, the buyer is prompted to reward the sum in PHT. The PHT tokens are the means of reward of the Photochain DApp and can be purchased in the Crowdsale
Photochain DApp Requirements
These are the design requirements for the Photochain DApp.
⦁ Decentralized governing bodies: The Photochain DApp network must be decentralized.
⦁ Security: Transactions are intended to be safe and verifiable at all times for both artists and buyers.
⦁ Decentralized Storage: Transaction data, as well as all digital works traded on the Photochain DApp, should be stored decentrally and encrypted. Photochain will use the IPFS protocol and the Photochain DB.
⦁ Content: The network is intended exclusively for the trade of stock photography. In particular, offensive content such as pornography will not be allowed.
⦁ License Terms: Observance of copyrights must be ensured.
Modules In PhotoChain DApp
⦁ Claim Module is used by Photochain users in order to act against copyright infringements.
⦁ Seller Module offers the seller a simple way to offer his piece for sale on the Photochain DApp.
⦁ Content Upload Module stores the file on the IPFS network.
⦁ Content Verification Module verifies whether copyrights are infringed upon, or if the content contains illegal material.
⦁ Buyer Module offers a comfortable search mechanism for works within the Photochain DApp.
⦁ Payment Wallet Module has access to the Photochain user’s Ethereum address.
⦁ Transaction Data Module is used for the transaction process and is always active in the background.
Photochain Token – PHOTON
PHOTON tokens are the means of rewarding users across the Photochain Ecosystem. Any type of transaction on the platform will require the use of PHOTON Tokens. The number of PHOTON tokens will be strictly limited by the declared Hard Cap. After the Crowdsale 21% of the PHOTON Tokens will be reserved for the Team, Advisory board, Photochain partners and legals. After this event, no other PHOTON Tokens will be issued.
In no case PHOTON Token can be regarded as a security token. Rather, they’re to be regarded as a means of exchanging services in the Photochain Ecosystem.
General ICO Sale Information/ Token Economics:
⦁ Maximum Amount of PHOTON Token: 230,000,000
⦁ PHOTON Token ICO overall Hard Cap (total tokens for sale): 180,000,000
⦁ Currency accepted: ETH, BTC
⦁ The exchange rate is 1 PHT = 0.12 USD (cryptocurrency equivalent at real-time exchange rates at time of transfer, time based discounts apply)
⦁ Minimum transaction: (0.2 ETH and corresponding value in BTC)
⦁ Maximum transaction: (dependent on sale phase. Between 25 ETH and 10,000 ETH - corresponding value in BTC)
⦁ Only sold and allocated tokens are minted (no need to burn unsold tokens)
WEBSITE : https://photochain.io/
Whitepaper: : https://docs.google.com/document/d/1C4UPA9-9o2cOLJOEYMIVwN_Fi3Ebtn2YcRua58hQ7_0/edit
Author : https://bitcointalk.org/index.php?action=profile;u=1464237
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