Photochain

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Photochain ICO details

Start Date: 2018-4-6

End date: 2018-6-30

    • Category: Media
    • Token: PHT
    • Platform: Ethereum
    • Type: ERC20
    • Initial price: 1 PHT = 0.00017 ETH
    • Bonus: Day 1 to 10 30 % Day 11 to 21 20 % Day 22 to 32 10 % Day 33 to 43 5 %
    • Tokens for sale: 170,000,000
    • Accepting: BTC ETH LTC

Photochain – revolution in the stock photography market

Photochain uses blockchain technology to reinvent photostocks around the buyers and the sellers

Photochain has clear advantages for contributors and customers. Contributors at Photochain benefit from an extremely low fee – only 5% of the selling price. Keeping 95% of the final sale price allows contributors to offer their work cheaper. Consequently the market becomes more affordable for customers. This type of fair market not only benefits the users, but should benefit the photography industry as a whole, as the possibility of increased income incentivizes contributors to perform better.

These profound market changes are only made possible by using blockchain technology, Smart Contracts, machine learning and Photochain’s own user community. Most of the processes become automated and decentralized, significantly reducing costs of platform governance. It’s unavoidable that more and more stock photography contributors and customers will prefer to use Photochain.

Photochain Platform

photochain app
With all currently existing stock photography platforms, the only way security of transactions can be ensured is via central control. Our platform works autonomously, securely and efficiently based on predefined rules.

We are developing the Photochain DApp [5] on the Ethereum blockchain. Additionally, Photochain also uses computer vision (machine learning) to fulfill the specific technological requirements of stock photography.

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. The artist is responsible for the legality of the works they are selling, and is held fully accountable for any illegal activity. However, Photochain will uphold users copyright protection, by preventing any unauthorised sale of photography.

Photochain is created around 4 key pillars.

P2P Marketplace
We want buyers and sellers determine their own terms of sale, so we allow them to trade directly with one another. Using blockchain to remove the need for costly processing, we guarantee photographers to receive 95% of the earnings from their works.

Easy Onboarding
A simple identity verification for all photographers. Unlike with traditional photostocks which require lots of prerequisites, a user can be actively selling work in minutes. The removal of prerequisites further allows the platform to be fully accessible and profitable to hobby, amateur and professional photographers alike.

Digital Copyright Chain
Our decentralized database ensures each uploaded photo is hashed into the blockchain and permanently linked to its owner. This link cannot be changed removed or manipulated in any way. Any further uploaded image is also hashed and compared to the existing DCC for copyright fraud. Additionally due to the permanent link, any misuse of the image outside of paid licenses is easily detectable.

Crypto Economy
We are helping to build a crypto economy, where we have more control over our data. A fairer economy where you are rewarded for your work. We believe photographers deserve fair compensation for their efforts and their creativity.

Team

Stanislav Stolberg

Co-Founder, CEO

Arthur Ishmetev

Blockchain Developer

Haris Rana

CMO

Ralf Gerteis

Business Development

Jakub Stefański

CTO

Jeannette Heinert

Communications

Alexander Sverdlov

Security Adviser

Brian Colwell

Blockchain Evangelist

Dylan Sharkey

Sales and Investment Relations

Samuel Manzanera

Technology and Software Architecture Analyst

Peter Lai

Blockchain Developer

Photochain Advisors

Sven Moeller

ICO Strategy Adviser

Paulo Renato Dallagnol

Legal Adviser

Charles Becquet

Strategy

Chang Liu

Assoc. Prof. at Ohio University

Alex Fedosseev

Adviser

Jared Polites

Strategy and PR Adviser

Milestones

April 2017
Idea, business case and market research.
June 2017
Project evaluation. Development of the DApp prototype.
September 2017
Strategy & Design. Go-Live of the DApp prototype.
October-November 2017
Preparation for crowdsale. Communication and marketing activities. Commitment of the Blockchain Community. Commitment of the photography community. Legal form. Advisers and new team members.
December 2017
Pre-Sale preparations. Private Pre-Sale at special discounts for eraly supporters.
January 2018
Private Pre-Sale preparations. Private Pre-Sale at special discounts for early supporters. Enhanced documentation and planning. New team members. Community growing. New partnerships.
February 2018
Transition. Preparation for Main Sale Event . Compliance and regulations. Developing a more comprehensive Photochain DAPP version.
Q1 2018
Main Sale event (ICO). Publishing of new collaboration partners. Regulatory compliance for our Main Sale Event.
Q2 2018
Operation. Photochain DApp Version 1.0 on the Ethereum. Mainnet. Trading of the PHT Tokens at Crypto Exchanges.
Q3 2018
Continual improvement. Photochain DApp as standalone client on all common operating systems.

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