The Stock photography revolution by Photochain

Ron, a 23 year old fresh-out-of-college arts major , is already frustrated with his photography career. His work is not getting the deserved recognition because he cannot reach out to a larger crowd on a centralized photography platform which he has been part of for over 3 years. His bestfriend thinks it will be better if Ron can hop on to another platform that will acknowledge his artistic prowess.
 Meg , an illustrator always complains about her works been stolen over the internet. She is not really making much already but she feels she is getting  nearer to becoming the next big thing in the industry.However , with the way things are panning out she still seems a bit off the mark.

For this reason, Photochain , found online at Photochain.io is using blockchain technology ”to reinvent photostocks around the buyers and the sellers” explains the official website .
With Photochain, the goal is pay photographers more for their work than they currently earn on centralized  stock photography platforms. Many popular stock photography platforms pay around 23%  of the final price for their work whereas Photochain is looking to pay photographers 95%.

Photochain also boasts of a fast verification period and fast payment times. Also , photographers are at liberty to slap prices on their work.
This platform is built as a native blockchain decentralized app (dApp) on the Ethereum network. The app employs InterPlanetary File System (IFPS) to secure data across the network .
The Photochain dApp dwells on four core features and functions , which includes :
SECURITY
Your works are guaranteed safety by the blockchain-based  technology on Photochain.
DECENTRALIZED
There is encryption and storage on decentralized database. There is no central business meddling with your uploaded content.
COPYRIGHT

There is a permanent linkage between your work and your identity through blockchain , creating a new blockchain-based form of copyright protection.

 Content:

The decentralized app can be used exclusively for trading photography. Photochain will sue bots “to ensure only acceptable content is listed.”  One of the core benefits of Photochain is its copyrighting system. They call it Photochain Digital Copyright Chain, or DCC. Artists can link their works to their name, then secure that connection using the blockchain. The Ethereum blockchain secures the transaction, making it visible to users at all times. Anyone can check the Ethereum blockchain to verify that content is copyrighted by a particular person.  Photochain sees their copyright system as superior to “Rights Managed” (RM) copyrighting models as well as “Royalty Free” (RF) copyright models.  Photochain will also have a P2P marketplace where artists can freely distribute their work. Artists can charge different amounts to different buyers. They set their own prices.  Finally, Photochain will also have a ranking system and a reward system to serve as motivation, ensuring the maintenance of the Photochain community through fair rewards. Sellers receive points for selling works, for example, and moderators get points for solving disputes. Each point is equivalent to 0.1 PHT. Once you hit 100 points, you can get a payout in PHT transferred to your wallet address.  Photochain Fees  Photochain will charge a 5% fee. This fee goes to the wallet of the Photochain Governance account.  If a photo is priced at 5 EUR, then a fee of 25 cents will be added. The 5% fee is divided into different components of the app, with most of it going to the team and the app reserve fund:  0.02% for the Ethereum network fee paid to miners and for interaction with the Photochain smart contract 0.98% for data storage costs, because pictures and digital works require ample storage space 2% for the Photochain Governance Team for ongoing development and moderation 2% for the Photochain decentralized app (DApp) reserve The Photochain DApp reserve fund will be used to pay rewards for resolving disputes. Higher payouts from this fund will need approval from two moderators of the highest level, while smaller payouts (like rewards for resolving a claim) can be processed automatically.  The Photochain whitepaper also mentions the possibility of charging 10% fees and 15% fees for Silver and Gold accounts. They have three different models of transaction fees in total. Users can pay higher fees based on the level of service they wish to get from the platform.  Features of PhotoChain  Photochain offers all of the following features:  Claim Module:  Users can use the Claim Module to act against copyright infringements. If a piece of content is suspected of infringing upon copyright, then users can use the Claim Module.  Claims will be processed based on whether or not the image is the same as the one posted on the Photochain DApp, and whether or not the author’s name is attached to that image according to the blockchain.  Photochain’s machine learning mechanisms will analyze whether these requirements are fulfilled, then issue compensation. Larger compensation will require the input of moderators.  Seller Module:  The seller module gives sellers a simple way to offer pieces for sale on the Photochain app.  Content Upload Module:  If you decide to sell a piece on the Photochain app, then you’ll upload photos through the Content Upload Module. After upload, your files will be stored on the IPFS network.  Content Verification Module:  This module verifies whether or not your copyrights are infringed upon or if the content contains illegal materials. The module uses the IPFS Photochain node to accomplish this.  Buyer Module:  Buyers can use this module to easily search for photos available to purchase. The Buyer Module includes contextual searches using tags, searching of similar images, and more.  Payment Wallet Module:  The payment wallet module has access to the Photochain user’s Ethereum address.  Transaction Data Module:  The transaction data module processes transactions.  Overall, Photochain emphasizes high availability, decentralized use, structured data storage, data erasure, and speed.

Photochain aims to create a better stock photography environment using blockchain technology. The platform will introduce innovations like the Photochain Digital Copyright Chain, or DCC, which will attach photo ownership information to a specific user, then post information to the Ethereum blockchain.

Photochain Token  Sales

Photochain presale has ended successfully but you still have the chance to participate in the main sale.Photochain Crowdsale is an important milestone for the future of the project. The financing will mainly be needed to expand the Photochain Governance Team and the delivering the 1.0 version of the Photochain DApp.

Start date: 06.04.2018 at 8:00 am CET

End date: 18.05.2018 at 12:00 am CET

Maximum Amount of PHOTON Token: 230,000,000
PHOTON Token overall ICO Hard Cap (for sale): 170,000,000
Currency accepted: ETH, BTC
The exchange rate is 1 PHT =  0.00017 ETH (accordingly in other cryptocurrency assets, time based discounts should be taken into consideration).

Minimum transaction: (0.1 ETH and corresponding value in BTC)

Maximum transaction: (1000 ETH and corresponding value in BTC)

Only sold and allocated tokens are minted (no need to burn unsold tokens)

Time based discounts for the PHT tokens price during the Main Sale Event:

Day 1 to 10:         -30% discount => 1 PHT = ETH 0.000119

Day 11 to 21:        -20% discount => 1 PHT = ETH 0.000136

Day 22 to 32:        -10% discount => 1 PHT = ETH 0.000153

Day 33 to 43:        -5% discount => 1 PHT = ETH 0.000162

For more informations on Photochain, contact them on;

WEBSITE: https://photochain.io

Whitepaper: https://docs.google.com/document/d/1C4UPA9-9o2cOLJOEYMIVwN_Fi3Ebtn2YcRua58hQ7_0/mobilebasic