Photographers Can Now Earn What They Deserve With Photochain

Photochain1.png

Introduction

The stock photography market is currently estimated to be a $3 billion industry annually and this is projected​ to double by 2020. Despite being worth that much, the industry is currently being dominated by about 3 centralized competitors (Shutterstock, Adobe’s AdobeStock, Getty Images and several other smaller platforms) who control the pricing.
Current stock photography platforms share only a little part (23% on the average) of the earned funds (revenue) with the actual contributors. Another limitation of the current system is that photographers can't set their own prices, and even when they do get paid, payout periods are usually monthly.
In this age of blockchain technology disrupting several sectors, the stock photography industry looks like one that's ripe to be disrupted.

Photochain

Photochain is a peer-to-peer, decentralized stock photography platform that uses smart contracts based on the Ethereum blockchain. It is a laser-focused decentralized application, disrupting the stock photography industry with an already working prototype. The Photochain platform combines the powers of the Ethereum network with the IPFS network.
Photochain intends to give back power (revenue) to the contributors.
image

Benefits of Photochain

  • With Photochain, photographers get up to 95% of revenue (as opposed to 23% on the centralized alternatives) due to a marketplace existing that connects buyer to photographer directly without the need for an intermediary. The low fees (5%) also makes it possible for the photographers to charge lower on Photochain compared to the centralized alternatives.
  • Due to the availability of the peer-to-peer marketplace, photographers can offer their works to a wide array of potential customers. The marketplace also enables them to determine how much their works are worth and set their prices.
  • A special database called the Digital Copyright Chain has been designed to store copyright information about each picture uploaded on the platform. Being a blockchain database, this information will always be available to anyone at all times.
  • Instead of waiting to get paid monthly, contributors earn and receive their rewards instantly. The rewards are paid in PHT (PHOTON token).
Photochain Token — PHOTON
PHOTON token is the means of rewarding used across the Photochain Ecosystem. Any type of transaction on the platform will require the use of PHOTON Tokens.
Use cases for Photon Token are:
Access to the services of Photochain platform
Rewarding the resolving on claims
Listing on “featured photographer“ — section
Service delivery from Photochain’s partners (like our cooperation partner 1World)
Featured in search results
Other microservices, which will facilitate the Photochain Ecosystem in future
Reward system
For the photographers and their services
The number of PHOTON tokens will be strictly limited by the declared Hard Cap. After the Crowdsale, additional 21% of PHOTON Tokens will be reserved for the Team, Advisory board, Photochain partners and legals. After this event, no other PHOTON Tokens will be issued.
The PHT token is based on the following core properties:
• Name: PHOTON Token (PHT)
• Standard: Ethereum ERC20
• Hard Cap: 230,000,000 PHT token to be issued
• Release date: Our Token Generation Event will take place right after the end of the Main Sale Event. It may take up to 60 days to distribute the PHOTON tokens to contributors
• Represented value: tokenization of photography services
Due to the common regulatory situation, It is important to note here that PHT is a pure utility token, which does not replace fiat currency and cannot be treated as a currency or investment asset. In no case PHOTON Token can be regarded as a security token or similar. It is to rather be regarded as a means of exchanging services in the Photochain Ecosystem.
More detailed information can be found here:
Whitepaper: https://goo.gl/NDB3wZ
AUTHORSHIP BY Liana Kurniawan

Komentar

Posting Komentar

Postingan populer dari blog ini

Bitcomo — The Next Generation OF PERFORMANCE MARKETING IN DIGITAL ADVERTISING

Gambar
Join The Ico We can see how affiliates work in home sales. For example, if we want to sell a house, then our friends help find buyers. When the purchase transaction succeeded thanks to the help of our friend, it is common if our friend is given a commission for his help. From the illustrations, there are two things that we can make guidelines. First, affiliate business becomes very easy to do. Everyone can do it, without having to master the science of architecture or building engineering. Second, this job is very low risk of loss, because we do not produce a single item. Well, marketing skills, presenting products, even using the internet well, or determine the right prospective buyers, is a skill that we need to have if you want to wrestle affiliate business. So, that does not mean affiliate business can be done without a certain skill, and these skills are relatively easier to learn. Currently an ICO project named “Bitcomo” is present to facilitate us in membagun network a...
Baca selengkapnya

BANKEX - The Best Bank in Tokenizing Almost Everything!

Gambar
HAI guys. Today I will be discussing an ICO which is of great importance. This platform simply tokenize a client asset and turns it into money. The platform is BANKEX, a Fintech company which unites members of financial markets so as to build a community and implement the Proof-of-Asset protocol which enables members of this community to profit from the mutual use of assets. WHO IS THE MAN BEHIND BANKEX? The CEO or should say the man behind BANKEX is none other than Igor Khmel. Igor Khmel has many experiences such as developing products, operations and implementation of innovative strategy. He also graduated courses relating to physics, economics, and business. Furthermore, he has also knowledge in fintech knowing that he had been one of the significant people who builds many startups in California. In conclusion to this, it is not possible that Igor Khmel could built another successful fintech. The new project he was currently working together with his team is called the BA...
Baca selengkapnya

COINTED — Provides Services to Facilitate The Exchange of Encrypted Currency Worldwide

Gambar
https://cointedtoken.com/ Preamble      T he aim of this document is to provide information about the Cointed Ltd. project. It describes and analyses the conceptual idea, the business model, the competitive advantages, the Initial Coin Offering (ICO) details, and the roadmap. The document is a culmination of various efforts from different entities working on the project since the launch of the company in 2014 until today. All the other information about the project can be found on our website (www.cointed.com) and the ICO website (www.cointedtoken.com) as well as other media channels, especially social media platforms: Facebook, Twitter, LinkedIn, and YouTube. COINTED Project aspires to build that bridge between the world of encrypted currency and the real world. As we see, although hidden currencies have brought a whole new dimension to value creation, consumers regularly face the same problem as the previous one with liquidity in the transfer and exchange of c...
Baca selengkapnya