Photochain

Photochain

Created using Figma
Created using Figma

Last Update

Aug 13, 2018

Photochain revolutionizes the status quo of photography trading. It is a decentralized, peer-to-peer image platform on blockchain with fair conditions, attractive incentivisation mechanisms, lowest fees in the market and full control over the content, price and license type for the photographer. On the IPFS Photochain database, each uploaded photo is linked to a photographer through a blockchain transaction. This link cannot be removed or manipulated in any way. Photochain is in the pole position and ready to disrupt the monopolized photography industry with a great, experienced and influential team and board of advisors. We recently won 3rd place in the ICO Pitch Competition at the Blockchain Leadership. Thanks to our attractive demo MVP, the judges could see envision exactly what the final product will look like in addition to what we will achieve for photographers. We are partnered with the highly rated Blockchain Zoo (top 3 blockchain consulting firm world wide).
ICO main sale - part 2
Aug 17, 2018
Sep 7, 2018
100% completed
$5 040 000
23% goal completed
Goal 21 600 000 USD
past
ICO main sale - part 1
Apr 1, 2018
Jun 8, 2018
100% completed
Raised funds - no Data
Hard cap 27 600 000 USD
past
Private Presale
Jan 1, 2018
Jan 31, 2018
100% completed
Raised funds - no Data
past
  • 1 PHT
    =
    0.0003 ETH
Token Details
Ticker
PHT
Accepted Currencies
ETH, BTC, LTC
Company Details
Registered Country
Estonia
Additional Details
MVP/Prototype
Yes
Platform
We use Ethereum public blockchain and IPFS protocol.
KYC
Yes
Categories
Platform, Media, Entertainment, Art

About Photochain

Photochain is a blockchain based, peer-to-peer platform for stock photography. Using blockchain technology, Photochain returns the control over licensing, copyright, and trading back to photographers. Mediated by Smart Contracts, Photochain enables a fairer, more efficient, and secure transaction directly between artists and buyers.

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.

Photochain gives clear advantages over conventional photo stocks to both kinds of users: contributors and customers. Contributors at Photochain benefit from an extremely low fee - only 5% of the selling price. This opportunity to keep 95% of the final sale price allows contributors to offer their work cheaper, and 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.

Features

For more details about our Business Case and the technology behind our platform, please read our whitepaper.

We guarantee 95% of the revenue for each work sold goes to the rightful owner of the work. The photographer does all the hard work, so why should we take the income.

We will payout sellers of photographer in maximum of 10 seconds. This compares very favourably to existing stock photography platforms that can take up to 1 month to process payments. 

  A verification period of less than 10 minutes. Also without the hassle and legal agreements that existing players in the industry expect from you, which can take up to 2 weeks to verify.    You can set your own pricing within the platform for your own works. You know the value of your work, why should you let anyone else decide this.    Copyright protection via our digital copyright chain. Blockchain allows tracking of digital ownership so that all unauthorized use of your photos is immediately detected.   We have innovated in each step of the stockphotography sales chain. The restrictions that incumbents place on their photographers causes many photographers to not want to use them. By creating a seemless and fair platform for trading photography we ensure photographers of all types (beginner, hobby, amateur and professional) can earn a fair income for their works.  

Technical Info

For more details about our Business Case and the technology behind our platform, please read our whitepaper.

 

Photochain DApp Requirements

These are the design requirements for the Photochain DApp. The requirements result from current issues with microstock photography.

  1. Decentralized governing bodies: The Photochain DApp network must be decentralized.
  2. Security: Transactions are intended to be safe and verifiable at all times for both artists and buyers.
  3. Decentralized Storage: Transaction data, as well as all digital works traded on the Photochain DApp, should be stored decentrally and encrypted. Photochain will use the IPFS protocol and the Photochain DB (see chapter 3.9).
  4. Content: The network is intended exclusively for the trade of stock photography. In particular, offensive content such as pornography will not be allowed.
  5. License Terms:  Observance of copyrights must be ensured.


Photochain DApp Architeture

The listed requirements can be realized technically through the DApp on a Blockchain basis. The correct executions of the transactions, as well as the platform’s rules, are realized through the use of Smart Contracts. Requirements 4 and 5 will be realized using computer vision and machine learning algorithms.

Here, we will rely on the Ethereum blockchain when it comes to Photochain, as we are impressed by the platform’s flexibility, reliability and its long-term success. The global support of Ethereum by the Ethereum Alliance implies wide, interdisciplinary industrial acceptance and offers the necessary proof for the platform’s long-term existence.

Photochain Roadmap

  • April 2017 - Idea

  • 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
  • Read More
  • 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

Activity

Activity:
196
MEDIUM
Posts:
840
HIGH
Views:
7 384
HIGH
Activity:
1 764
VERY HIGH
Merit:
1 023
VERY HIGH
Posts:
16 115
VERY HIGH
Views:
92 637
VERY HIGH
Users:
2 695
VERY HIGH
Posts:
475
HIGH
Followers:
22 735
VERY HIGH
Likes:
22 668
VERY HIGH
Rating:
4.70
VERY HIGH
Reviews:
14
LOW
Followers:
5 727
HIGH
Tweets:
700
VERY HIGH
Members:
33 036
VERY HIGH
Alexa
Rank:
1 422 434
VERY LOW
Delta:
296 579
Year commits:
1 078
Watchers:
22
Stars:
28
Forks:
7
Open issues:
1

Team

Verified 100%

Photographer Relationships Officer
verified
CMO
verified
CEO
verified
Chief Copywriter
verified

2 ICOs

$5 040 000

Business Development
verified
CTO
verified
Communications
verified
Financial Strategy Manager
verified
Blockchain Evangelist
verified
Sales and Investment Relations
verified
Technology and Software Architecture Analyst
verified
Blockchain Developer
verified

Advisors

Verified 85%

Attention. There is a risk that unverified members are not actually members of the team

2 ICOs

$6 121 236

Blockchain Advisor
unverified
Digital Marketing Advisor
unverified
ICO Advisor
verified

4 ICOs

$37 040 000

Blockchain and Investor Relations Advisor
verified

5 ICOs

$5 040 000

ICO, Investment and Strategy Advisor
verified
ICO Strategy Adviser
verified

2 ICOs

$5 040 000

Security Adviser
verified

3 ICOs

$7 000 100

Crypto Tax & Accounting Adviser
verified
Legal Adviser
verified
Strategy
verified
Assoc. Prof. at Ohio University
verified

17 ICOs

$79 477 495

Stratgey and PR Adviser
verified

2 ICOs

$5 040 000

Adviser
verified

Former members

Blockchain Developer

Photochain Interviews

Fredi Lienhardt
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
As a photography evangelist I am not only building a bridge to the photographer's community, but also make sure, coupled with my photography, technology and digital experience, to shape the product in the right direction. Stock photography and photography licensing, I believe, is ready for disruption. Heavy-weight middle players dictate and dominate the market - something we want to not only change, but also to open up to more photographers by providing a simple, fair and transparent service.
Marcus Schmitt
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
Photochain will use blockchain technology of the COPYTRACK Global Copyright Register in order to proof ownership and licensing - that is a great use case and cooperation and shows that blockchain technology is made for this industry purpose.
Roberto Capodieci
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
Blockchain applications, and decentralized applications in general, require a different architecture compared to centralized applications. Several years of my personal experience in deploying decentralized applications, and with the team at Blockchain Zoo, can offer help in implementing Photochain to be a successful dApp.
Ilya Anikin
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
Investment and Strategy Advisor
Sebastian Schuhl
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
I'm heading the Marketing Strategy of Photochain, making sure the platform is built on strong support of the photographer community.
Stanislav Stolberg
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
I am the CEO and founder of Photochain
Haris Rana
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
As the CMO of Photochain it is my job to lead marketing activities. Currently photostocks do not favour the photographers. With their rigid systems, they make it harder for beginners to make a decent living from their art, which I think is highly unfair. Photochain brings the power back to the photographers so that they can control their own fate in the photography industry much better. We’ve already received a high interest from photographers and I believe we’ll be able to take a good portion of the stock photography market.
Ralf Gerteis
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
I'm very proud to be part of the succcessful Photochain mission since early stage. I am responsible for the area of Business Development and strongly support in all ICO strategy questions as well as international cooperation partners.
I am fully convinced the blockchain-based Photochain peer-to-peer stock photography platform will revolutionize the status quo. I am happy that we have such a strong and dedicated team and board and that we can also publicly present our demo system (on Ethereum Testnet, using IPFS storage tech) on our website.
Jakub Stefański
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
I'm honored to participate in Stock Photography revolution. As a CTO at Photochain, I can combine my passion for software craftsmanship, Blockchain Technology, and Digital Photography to deliver the first fair peer-to-peer stock photography platform.
Dr. Jeannette Heinert
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
I am responsible for communication und partner relations. I am honored to be the part of this great team und to make this venture a great success!
Artur Gugelew
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
I am proud to be a member of the great Photochain Team!
Brian Colwell
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
I am the digital marketing advisor for Photochain and believe that this is not your typical ICO project.
Dylan Sharkey
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
I leverage my experience of building businesses for LinkedIn in Europe and the Middle East to help Photochain scale rapidly. This includes monetization strategy, hiring top talent, building the sales and marketing organisation and investor relations.
Samuel Manzanera
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
My role in the ICO is to do audit, advisotry and development in Photochain smart contract and dApp.

The idea behind Photochain is really great to offer an unique online decentralized photo stock which rewards authors with respect, transparence and honesty.
This project can become very big with a lot of interesting features in the photo world and decentralized applications.

The ICO provide an opportunity for artists to promote their content direct to customers without intermediaries and ensure the security of thoses exchanges.
Peter Lai
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
Photochain will be the biggest photo stock and market on blockchain.
Sven Moeller
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
I am an Advisor! Great Team, great project!
Alexander Sverdlov
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
I am making sure that the Photochain infrastructure and business practices remain secure and vigilant against cyber attacks.
Audrey Baverel
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
My role is to cover the tax and accounting aspects of Photochain project during and post ICO
Photochain is the disruptive solution to restore the fair value to photographers creation
Paulo Renato Dallagnol
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
Photochain is a game-changer in the stock photography industry, by finally tipping the scales in favour of the individual creator and photographer, instead of allowing only the big players to profit.

A lawyer specialised in intellectual property and copyright law, I find that the mechanisms devised by the Photochain team coupled with Blockchain technology make it ideal for claiming and asserting legal copyright and for identifying copyright violations.
Charles Becquet
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
Hi, I'm helping the team on the go-to-market strategy as an expert of the photo licensing market. I worked at Shutterstock in the past and know well this market.
Leveraging the blockchain to discrupt this market is a brilliant idea that will have for sure a lot of traction.
The Photochain team is ready to solve the main pro and cons for buyers and sellers.
They are one of the very few blockchain projects that have already a working demo.
Best, Charles
Chang Liu
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
I'm interested in the technical aspect of the app implementation and user experience.
Jared Polites
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
The team is what first drew me into the project as well as the vision to revolutionize the stock photo industry. As a content creator, myself, I have seen many pain points with the major stock photo platforms and it was exciting to see how blockchain could help revolutionize this.
Alex Fedosseev
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
I participated in early-days planning of Photochain ICO and shared my experience running ICO for my company 1World Online as well as general strategy.
Post-ICO we plan to integrate Photochain and 1World platforms as there is a clear case of using Blockchain powered stock images from Photochain in 1World interactive tools for variety of customers.
Great project overall!

Last News

4.14
positive
5.0 3
ICO Profile Vision Activity Potential Product Team

Photochain Reviews

Samson Owiti
Cryptotrader, Crypto investor, Blockchain business expert

PHOTOCHAIN
Photochain provides an opportunity for artists to come up with their own terms and sell their
photos straight to their customers. It is a decentralized system that uses Smart Contracts
centered on Ethereum block chain to ensure the security of exchanges on the platform. The
integration of block chain into the platform eliminates a centralized authority, an issue that
characterizes traditional stock photography platforms.


PROS
1. Artists are charged extremely low fees; a mere 5 % of the selling price. With 95% of the
amount, the artists are able to offer photos at a cheaper price to woo more customers.
2. When contributors lower prices due to low fees, customers benefit from affordable products.
They can get a lot of photos for an amount they would otherwise purchase just a few.
3. Increased income incentives motive more artists to venture into photography making the
entire industry vibrant.
4. Artists will strengthen their copyright using Photochain Digital Copyright Chain. All their
works are tired of their name and the same will be visible to all users assuring artist’s ownership
of the images.
5. Processes on the platform are reduced to a bare minimum so as to guarantee simplicity
and transparency to both the consumer and the contributor.
6. In addition to revenue for their photos, a contributor can get a commission by acting as a
moderator (and hence resolving an infringement claim on the platform).
7. The platform incorporates a reliable and high-tech system for blocking inappropriate and
pornographic content thus protecting consumers from offensive content.
8. Photochain Buyer Module utilizes Computer Vision Algorithm thus making images
searchable using a broad range of criteria. Buyers, therefore, have an easy time searching for
content.


CONS
1. The platform is only oriented towards photography. Contributors who create various
contents will have to use other platforms alongside Photochain.
2. It does not incorporate affiliate program that would otherwise market the platform a
larger number of users.
3. When five moderators vote in favor of an accuser of copyright infringement the plaintiff’s,
account is closed without an opportunity to appeal.


SUGGESTION
1. Introduce programs that will be used by other related platforms so as to reach out to
other users.
2. Diversify to other types of arts to allow multitalented artists to use the platform for all
their works.
3. For fairness, the platform should give persons accused of infringement claims an
opportunity to appeal the decision of moderators.

Read More
Ian Scarffe
Blockchain ICO Consultant / Advisor. Founder at Crypto Consulting and Investments LTD.
This idea has a lot of potential, it's certainly an area that can benefit greatly from blockchain technology. A strong team and a good set of advisors are leading this
Read More
Simon Cocking
Editor in Chief, Cryptocoin.News

It's a compelling idea, and a good example of a viable blockchain usecase. Team looks well fleshed out, challenge will be to execute faster than others - as they will not be the only people trying to pull this off.

Read More
  • Because there may be time differences in information updates, accurate information about each ICO project should be verified through its official website or other communication channels.
  • This information is not a suggestion or advice on investing in ICO funding. Please thoroughly investigate the relevant information yourself and decide on ICO participation.
  • If you think there are issues or problems to be corrected on this content, or if you would like to submit your own ICO project to be listed, Please email us.
Please read the disclaimer and risk warning. Show disclaimer and risk warning.
Planning an ICO? We can help with a wide range of support for all stages of your ICO