Photochain overview - Fotostock on Blockchain

About the Platform

Photochain is constructed as the decentralized appendix by blockchain (dApp) in Ethereum network, intended for purchase and sale of photos. Developers claim that popular platforms for photographing pay photographers up to 23% for the picture. For comparison, in Photochain the photographer will receive up to 95%.One more benefit is the mystery period of check and payment of photos. Also, photographers will be able to establish the personal prices.

PhotoChain modules

• Claim module. It is intended for copyright protection. If a part of the content is suspected of copyright violation, users can use the claim module. Claims will be processed from, whether the image is same, as for whether the image placed on Photochain DApp irrespective of it is written down in the register of blockchain or not. Mechanisms of machine training Photochain will be analyzed whether these conditions are satisfied. 
• The module of the seller. Provides perhaps to sell or transfer photos.
• The module of loading of content. Appendix uses cross-platform file system (IPFS) for data protection on the network.
• The module of a check of contents. This module checks whether copyright is violated or whether the content contains illegal materials. The IPFS Photochain module is for this purpose used.
• The module of the buyer. Buyers can use for the natural search of the photos available to purchase, including context searches with use of tags, a search of similar images, etc.
• Payment module and module of these transactions.

Main Photochain dApp functions

• Safety. Blockchain protects sellers and buyers.
• Decentralization. Digital content is ciphered and is stored in the decentralized database. The full photos are distributed in a system and are not controlled by the centralized body.
• Contents. The project will fight for purity and acceptable contents of the material. Otherwise to file a lawsuit.
• Copyright. Each work is connected with the personality through an entry in the register, thereby, creating new copyright protection from blockchain.

One of the benefits of Photochain, is copyright protection, Photochain Digital Copyright Chain, or DCC. Authors can create communication among themselves and the photo, registering entry in the register of the blockchain. Thanks to the smart contracts based on Ethereum any user it can be convinced that content is protected.Photochain allows authors to transfer free of charge the work or to establish the price.At last, in Photochain there will also be a system of ranging and the incentive plan which will serve as motivation, guaranteeing maintenance of community Photochain using fair remunerations. For example, sellers receive points for sales, and moderators get points for the dispute resolution. Each point is equal 0,1 PHT, having saved up more than 100 points it is possible to receive payment of PHT and to bring to a purse.

Distribution of the commission

Photochain levies a payment of 5%. This amount arrives on a purse of an accounting record of management of Photochain. If the price less than 5 euros, then is added the commission of 25 cents. The commission of 5% is distributed as follows:

• 0,02% the transaction commission, is paid, Miners.
• 0,98% are allocated on a system of data storage.
• 2% for support of the project.
• 2% for a reserve fund.The reserve fund of "Photochain" will be used for payment of remunerations for the dispute resolution.

Higher payments from this fund will demand approval from two moderators of the highest level while smaller amounts (for example, rewards for permission of the claim) can automatically be processed.An opportunity to levy 10% or 15% of commission charges for the statuses of Silver and Gold and three different models of transactional charges is also mentioned in the technical document Photochain. Users can pay higher rates, proceeding from the service level which they want to receive from a platform.

Details of ICO

• ICO 2018-04-05 — 2018-05-08
• Token of PHT
• The price is 1 PHT = 0.12 USD
• Ethereum platform
• Accept ETH, BTC
• Minimum investment 0.2 ETH
• Soft cap 165 723 285 PHT
• Hard cap 230 000 000 PHT

Conclusion

Photochain is Fotostock of new generation who aims to create the best environment for photographing, using blockchain technology. The platform will provide innovations, such as Digital chain Digital Chain, or provide DCC protection of copyright.

Links

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Whitepaper
The reference to my profile at the forum bitcointalk