Photochain — The stock photography revolution
Photochain — The stock photography revolution
Photochain is creating a market for distribution and distribution of image rights. They are leveraging the power of Ethereum virtual machines and smart contracts to increase the fairness and transparency of digital media shopping space. Current stock images are being sold and controlled by several large companies. These companies may impose unfair fees and long waiting times for artists to be paid. Thanks to the EVM artists will be able to use smart contracts to ensure that they are paid almost immediately in a safe way.
Some other technology that Photochain is bringing to stock media is the ability to detect duplicate or piracy data. Once an artist is identified and linked to a picture with them, no one else will be able to take that image and claim it is theirs. Thanks to the hashed deal and block all images will be able to be guaranteed by their owners, and all rights and royalties paid to them. Their goal is to revolutionize the world of stock photography and make it easier, safer and more convenient for artists to pay for their work.
Mission Photochain
Photochain adds a clean virtue to time-consuming photos for users: contributors and customers. Contributors in Photochain technology from a very low fee — only 5% of the price. Opportunity to hold 95% of the final sale price allows suppliers to provide their jobs cheaper, and thus the market turns into inexpensive to customers. This kind of fair market is not just for the consumer but also for the commercial photography as a whole, because the greater the risk of sales contributing to higher contributions.
Photochain adds a clean virtue to time-consuming photos for users: contributors and customers. Contributors in Photochain technology from a very low fee — only 5% of the price. Opportunity to hold 95% of the final sale price allows suppliers to provide their jobs cheaper, and thus the market turns into inexpensive to customers. This kind of fair market is not just for the consumer but also for the commercial photography as a whole, because the greater the risk of sales contributing to higher contributions.
This profound market exchange seems to be simply through the use of Photochain’s own blockchain technology, Intelligent Contracting, system research and consumer networks. Most of the processes developed into automated and decentralized, significantly reducing the cost of managing the platform. There is no denying that huge contributors and photographers will need to use Photochain.
The model of the Photochain platform is an ambitious and organic increase. The main objective of the team for this task lies under three very important branches:
P2P market
It is very important for the photochain workforce that the artist himself can only check the value of their work and they have the opportunity to offer their work to many buyers of electricity. The photochain platform adds this opportunity as it is discovered through the use of synergies from Blockchain technology and learning systems.
It is very important for the photochain workforce that the artist himself can only check the value of their work and they have the opportunity to offer their work to many buyers of electricity. The photochain platform adds this opportunity as it is discovered through the use of synergies from Blockchain technology and learning systems.
• Crypto Economics
The Photochain platform has attracted a lot of viewers, but recently they have not implemented blockchain and cryptocurrency technologies. Use of “Photochain” may appeal to this audience. Easy to use GUIs and trading activities will help onboarding operations and help the Crypto economy fit the mainstream.
The Photochain platform has attracted a lot of viewers, but recently they have not implemented blockchain and cryptocurrency technologies. Use of “Photochain” may appeal to this audience. Easy to use GUIs and trading activities will help onboarding operations and help the Crypto economy fit the mainstream.
Digital Photochain Chain Copyright: DCC
In the project, other artists will have the ability to enhance their use of the Photochain platform because their work may be related to its name. This link is expressed as a transaction in the Ethereal block and therefore images for all clients at any time. This means that possession of the artist’s image can be explained. The database with all visible links has been built in a way that decentralizes, (for more details, see Chapter 2). We named this DCC database.
- Protect
Blockchain allows transactions to be completely secure and verifiable for consumers and sellers. You can trust your work to be safe.
- Decentralized
Digital works are encrypted and stored in a decentralized database. There is no central control over your uploaded photography industry.
- Contents
DApp is used exclusively for the buying and selling of photography. Use the program to ensure the appropriate physical material is listed.
- License
Your job is permanently associated with your id throughout the blockchain process. This and the research gadget plus the live network of photochain, protect you from fraud.
Distribution of photochain
Photochain DApp management team through Photon sales token. The group has completed pre-sales to individuals and the sale will begin on March 25, 2018.
Photochain DApp management team through Photon sales token. The group has completed pre-sales to individuals and the sale will begin on March 25, 2018.
In line with best practices throughout the sales process, the number of photons released will have a practical hard hat, when the photochain is closed. IPM code will be issued after the end of the main sale. It may take up to 30 days to deliver all tags.
To prevent future breach of regulations, the photochain requirements will require KYC and anti-money laundering for each token sales contributor. It protects the contribution and photochain. It also reflects the long-term commitment of photochain to comply with all legal and regulatory requirements that may be required from photochain.
Token
PHOTON Token is a means of rewards in the Photochain Ecosystem and represents the expression of digital imaging works.
PHOTON Token is a means of rewards in the Photochain Ecosystem and represents the expression of digital imaging works.
Name: PHOTON Token (PHT)
Standard: Ethereum ERC20, utility based
Maximum Supply (Hats): 230,000,000
79% will be sold
11% for the team
7% On bonuses and partners
Attorney and Legal 3%
Standard: Ethereum ERC20, utility based
Maximum Supply (Hats): 230,000,000
79% will be sold
11% for the team
7% On bonuses and partners
Attorney and Legal 3%
The group
The group for Photochain consists of 11 people and 5 advisors. This is about the number of people that will be expected for this project. They have everything from executives to block enthusiasts, to blockchain developers, and software architects. For their advisers, they have practiced lawyers, owners of advertising agencies, electrical engineering teachers from Ohio University and others.
The group for Photochain consists of 11 people and 5 advisors. This is about the number of people that will be expected for this project. They have everything from executives to block enthusiasts, to blockchain developers, and software architects. For their advisers, they have practiced lawyers, owners of advertising agencies, electrical engineering teachers from Ohio University and others.
Based on the LinkedIn configuration for the team, they seem capable and experienced in what they do. Some of the summaries listed below and made are factual and true. Many studies have been conducted on some team members to verify their identity and they can be verified. Based on the research and information found the research team all seemed to be the legal and practical people working for the project.
A remarkable area was found to be the incorporated address of the company that pointed to a forested home, which appeared to be a private residence. After discussing with Stanislav, the CEO, he confirmed to me a separate office address will be updated when the site is pushed through. The team is also very open and helpful in answering questions during the research on this project.
Executive Board:
Stanislav Stolberg: Stanislav is the CEO of Photochain. He holds a master’s degree in physics from the University of Bonn. He is an information security expert and self-proclaimed. According to LinkedIn, he is still a security consultant on practical innovations, and an IT specialist for a retail bank in Germany.
Arthur Ishmetev: Arthur is a Software Architect and Expert on Ethereum Smart Contract. He is currently the Technology Director of Photochain.com. He holds a Master’s degree from ITMO in Computer Science and Physics. He was a software architect for ebf gmbh in Germany and founder of Intelligent Transportation Solutions, based in St. Petersburg. Petersburg Russia.
Adviser:
Sven Moeller: Sven is an Advisor for the Photochain project. He is headquartered in Zug Switzerland and is the head of supplying coins to Swisscom Blockchain. He graduated in business from Reutlingen University. Prior to Swisscom he had been an Administrator of Ernst and Young for many years.
Paulo Renato Dallagnol: Paulo is a lawyer and deputy consul general of the Brazilian Consulate General in Germany. He holds a Master’s degree in Intellectual Property Law from Universidad Carlos III de Madrid.
Website and social site evaluations
The site for the Photochain project site was visited and inspected on February 8, 2018. Having a clean and professional website is absolutely vital to impress potential investors. Investigate your project. Website is the image, and written representative of the company as a whole, if the site does not come destined, potential investors will leave without a second look back.
The site for the Photochain project site was visited and inspected on February 8, 2018. Having a clean and professional website is absolutely vital to impress potential investors. Investigate your project. Website is the image, and written representative of the company as a whole, if the site does not come destined, potential investors will leave without a second look back.
Photochain has a nice looking website and attracts people. The simple yet very effective way to capture email addresses of people is simply to subscribe to the newsletter at the top of the page, which is what they are doing. Many times people will check the site and forget about it, so being able to remind them of an email project is great for keeping the audience.
They also highlighted their demo very well. Having a working demo will definitely put Photocoin apart from other projects just starting to develop a project after they have raised funds. With a working background, it shows the team is serious and confident that the investment funds will help improve and perfect an ongoing project.
The use of diagrams and drawings helps to point to the project. People will lose interest in a text picture and there is a quick and easy way to see the main differences with Photochain over other projects that will help people pick out the big points.
The project has a large community with Telegram with nearly 6,000 members, Twitter over 1,000 and an Average Activity Account. They also have a Bitcointalk thread however it is not super-active with only 5 pages. It is recommended to actually increase the Bitcointalk presence as it is the primary site for all the crypto things.
Also join with a community management company. Although the project has a dedicated community manager (Haris Rana), it should provide outside assistance, which can provide 24-hour coverage. Groups can easily be overwhelmed by the amount of time it takes to include specific telegrams and Bitcoin. Many projects have outsourced this part of the work and let the internal community manager focus on the more important parts of the “bigger picture” for the community.
Overall the project has a good presence and has partnered with a good marketing and advertising company. With successful sales and a growing community, they should be well positioned to reach their desired budget.
Potential assessment
Economic assessment is the hardest part of the ICO. There are many factors going into how the markets will react to the currency that is almost impossible to determine. Sometimes large projects with solid groups achieve little in terms of price, and some worse projects have been pumped. For this section only, the market cap has been set for the current industry to be used and compared.
Economic assessment is the hardest part of the ICO. There are many factors going into how the markets will react to the currency that is almost impossible to determine. Sometimes large projects with solid groups achieve little in terms of price, and some worse projects have been pumped. For this section only, the market cap has been set for the current industry to be used and compared.
From research it appears there is a similar project called KodakCoin. It will also provide a platform similar to the way Photochain is building. However, since they are not part of the ICO period, growth potential can not be compared. For the “real world” platform, one of the biggest names is Shutterstock. They provide stock photos that can be purchased and allow artists to sell their photos. They do not use blockchain technology.
Shutterstock has $ 201 million in revenue for 2016. It is currently trading at the NYSE for about $ 50 per share. Another great platform is Getty Images. It has an annual turnover of about $ 26 million, according to a report. It is not listed on a stock exchange that can be found.
Based on these two figures, and the research team forecasts and internal research, the stock market / image market is not small. It is also ripe for interruptions with blockchain technologies such as Photochain. Although there is no financial advice or forecast, based on the market size they are entering and the changes that the platform provides, it is likely that the project will generate revenue and increase the value of the code.
Analysis of advantages and disadvantages:
Strength
The team has the perfect team for all things related to ICO. They have reached a pre-sale price and will be ready for the public sale at the right time. They have a demo for their platform that will be interesting. They have a great community and good communication. The team gathered WP and the site, and they were open and honest with the information.
Strength
The team has the perfect team for all things related to ICO. They have reached a pre-sale price and will be ready for the public sale at the right time. They have a demo for their platform that will be interesting. They have a great community and good communication. The team gathered WP and the site, and they were open and honest with the information.
Weakness
There are no other projects like this, so they are advancing into unprecedented territory when compared to other projects. They have a fairly small Bitcointalk presence, which should be fixed.
There are no other projects like this, so they are advancing into unprecedented territory when compared to other projects. They have a fairly small Bitcointalk presence, which should be fixed.
Opportunity
One of the biggest opportunities of the project is that it can bring the first advantage (or one of the first motives) for this type of industry discontinuity. The market they are entering is growing and the image of copyright and protection is a big business. If they can achieve small market penetration, then it can be quite successful. With an easier method of payment and a higher return rate for the artist, it can attract a large number of users.
One of the biggest opportunities of the project is that it can bring the first advantage (or one of the first motives) for this type of industry discontinuity. The market they are entering is growing and the image of copyright and protection is a big business. If they can achieve small market penetration, then it can be quite successful. With an easier method of payment and a higher return rate for the artist, it can attract a large number of users.
Threats
One of the biggest threats to the project will be disruption. Since most people just want to use CC to buy images, using PHT tags can be bizarre and scary for the user. However, as WP says, they will be making a Fiat-to-Token that can easily burden this.
One of the biggest threats to the project will be disruption. Since most people just want to use CC to buy images, using PHT tags can be bizarre and scary for the user. However, as WP says, they will be making a Fiat-to-Token that can easily burden this.
Conclusion
The Photochain project is quite unique in its approach. Based on other searches, only three projects with Internet presence are trying to penetrate the stock market with blockchain technology.
The Photochain project is quite unique in its approach. Based on other searches, only three projects with Internet presence are trying to penetrate the stock market with blockchain technology.
Whitepaper is combined, the group seems talented and powerful, and they have a growing community. These are all packages for the project and will increase confidence in potential investors.
Thanks to their ingenious contracts and extensive contracts, they can attract a large number of artists who want to receive a higher payout for selling their images. Thanks to EVM, the whole process will be automated and create a trusting relationship. One of the biggest advantages of the project is that it has got a working demo. The team should focus on the job introduction and ensure that people are aware that they are not starting from scratch.
Based on market research, Market Imaging Market is huge and continues to grow. If they gain a place in this space, it can be profitable for the project. In general, this project is well thought out and well-executed. No red flags or big concerns, just some suggestions on how to improve it.
Website: https://photochain.io/
Twitter: https://twitter.com/photochain_io
Telegram: https://t.me/photochain_io
• Crypto Economics
The Photochain platform has attracted a lot of viewers, but recently they have not implemented blockchain and cryptocurrency technologies. Use of “Photochain” may appeal to this audience. Easy to use GUIs and trading activities will help onboarding operations and help the Crypto economy fit the mainstream.
The Photochain platform has attracted a lot of viewers, but recently they have not implemented blockchain and cryptocurrency technologies. Use of “Photochain” may appeal to this audience. Easy to use GUIs and trading activities will help onboarding operations and help the Crypto economy fit the mainstream.
• Digital Photochain Chain Copyright: DCC
In the project, other artists will have the ability to enhance their use of the Photochain platform because their work may be related to its name. This link is expressed as a transaction in the Ethereal block and therefore images for all clients at any time. This means that possession of the artist’s image can be explained. The database with all visible links has been built in a way that decentralizes, (for more details, see Chapter 2). We named this DCC database.
In the project, other artists will have the ability to enhance their use of the Photochain platform because their work may be related to its name. This link is expressed as a transaction in the Ethereal block and therefore images for all clients at any time. This means that possession of the artist’s image can be explained. The database with all visible links has been built in a way that decentralizes, (for more details, see Chapter 2). We named this DCC database.
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