[ANN][ICO LIVE] 📷Photochain : Photography back in your control 📷

[photochain]

Is this truly decentralized?

Please answer.

Depends on what you mean by "truly decentralized".

Like is bitcoin truly decentralized? If you must use centralized exchanges to trade / convert / buy or sell, then no it is not truly decentralized. Photochain is of the same ilk. To put all features on the blockchain makes no sense. What is decentralized is the storage, copyright ownership and accounting (i.e. trading of both tokens and of images).

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[photochain]

Would this have any serious competitors? Who are they?

Seems like there is a lot of competition from traditional stock photography sites, but I don't see how they can compete when it comes to prices which makes me think it's only a matter of time til they're rendered irrelevant.

Can anyone elaborate on how Photochain will eventually surpass these traditional sites? How are you guys planning on getting people to switch?

In short, as this has been answered several times before:

For sellers, by having a platform that better serves their interests (lets them set their own prices; decentralized ledger of ownership; keep ownership of images; decentralized storage etc (please see our WP for all)) then they naturally want to move to sell photography on our platform. We have had hundreds of conversations with photographers who don't use stock photography sites as 1. get ripped off on their own works 2. have restrictions on their ownership of their own works 3. find them too complicated and many other reasons.

As for buyers, the biggest incentive to use Photochain is that the photos will be here. If the sellers have joined us, the buyers will naturally follow - just like how eBay started. Of course we will market ourselves to buyers, offer them an easier to use platform than stock platforms, and the benefits of blockchain / crypto - but by large they follow where the photography is. We have spoken to photography agencies and other buyers, and on this they agree that they only follow the photos.

[photochain]

Can owners make their own watermarks?

This is a point for debate, most likely no however as a watermark added by a user will be detected by our Computer Vision (copyright algorithm) as an altered image.

To keep the integrity of unmanipulated images it would be best not to allow personal watermarks.

[photochain]

This is really cool news. Will this be available to watch on social media?

Photochain Invited to Speak at Photo Industry’s Most Prestigious Event

“Can Blockchain Be Applied to the Photo Industry?”


Thanks to Photochain, and others working in this space, the industry is excited about the unique potential of blockchain technology on the photo industry. Photochain are recognized as one of the chief innovators in the industry, so we are delighted to have been invited to speak at CEPIC, on Wednesday 30th May.

Joining us on stage will be the CEO behind KodakCoin, so you can expect a heated debate!

See the full story here: https://medium.com/photochain/photochain-invited-to-speak-at-photo-industrys-most-prestigious-event-93a187d24612

Later yes, and we will follow up with a write up of all the news from the event.

[Dreaming]

Is the sale at about the pace that was expected?

Ideally, as you can imagine, we'd like to be sold out of course (as would everybody). However, as far as utility tokens are selling now after the 'great dip of early 2018' the whole ICO market for utility tokens has slowed.

We have larger investors watching us, who want to commit depending on technical and business development. Therefore, we are now developing our product's beta version and working on some other business development deals (partnerships, buyers, sellers etc.).

We are still very confident of reaching our hardcap though as in the long term this will all be beneficial to the project.

I have noticed the big slow down. Difference is, you guys are actually providing a useful service in the very near future. Most people just have vague promises. Keep working hard and it will fall into place I'm sure.

[bananafana]

Any estimates on a time-frame for turning the platform profitable?

Our revenue projections can be found in the WP under section 6.3

How did you come up with these estimates? Based on similar projects adoption rates?

[Crypto_Man1212]

Is this truly decentralized?

Please answer.

Depends on what you mean by "truly decentralized".

Like is bitcoin truly decentralized? If you must use centralized exchanges to trade / convert / buy or sell, then no it is not truly decentralized. Photochain is of the same ilk. To put all features on the blockchain makes no sense. What is decentralized is the storage, copyright ownership and accounting (i.e. trading of both tokens and of images).

I think bitcoin is. You can get it from decentralized exchanges, or any number of individuals on localbitcoins.

[joblessminer]

How much of the funds raised will go to marketing the new platform?

You can see the breakdown of how funds raised will be used here at: https://photochain.io/#token
30% will be used for marketing

Thanks. Seems reasonable. What if a need arises to spend more on the marketing, would this be possible?

[photochain]

How much of the funds raised will go to marketing the new platform?

You can see the breakdown of how funds raised will be used here at: https://photochain.io/#token
30% will be used for marketing

Thanks. Seems reasonable. What if a need arises to spend more on the marketing, would this be possible?

Yes, we think we would and should. But attracting photographers also isn't as expensive as thought thanks to social media like Instagram and EyeEm.

[photochain]

Are you guys actively approaching people for potential partnerships?

Of course! Please see our current partnerships: https://medium.com/photochain/photochains-partners-who-are-they-and-why-are-they-important-for-us-69f0b9b60119

Of these, the key ones are Copytrack (for copyright protection on the platform) and Blockchain Zoo (top class consultancy in blockchain technical matters).

That's awesome news. Thanks for your response. I appreciate the link and I'm impressed that you guys are partnered with Blockchain Zoo and I like what you are doing with Copytrack. It is great to see that you guys are considering the issues with copyright and plan to address them. Are you guys confident you can handle all of the issues with copyright protection?

Yes we are confident that we can offer the best possible copyright protection that exists. Copytrack are undoubtedly a leader in the field - the only company who deals with copyright issues on a global scale and the only that have made use of blockchain too  to deepen their service quality.

[photochain]

Congrats to our first week of our photo competition @izzynoel with his beautiful image which perfectly captures the week's theme of concrete jungle. The competition continues. Check out the winning images and how to take part in this weeks competition on Steemit:

https://steemit.com/photography/@runicar/4qeawz-photochain-photography-contest

[notottinoparty]

Sounds like a great idea For photographers which will help them to get fair price for their work and and customer will get their favourite staff in fair price. It will inspire people more to take photography as profession
Wish you all the best for your project photochain team.

[cryptohype]

what is the reason for the ico not selling any tokens now?... Is it lack of marketing? Or what? The product is great, there should have been at least half he token supply sold already...

[termion]

hello will the uploaded photos be protected with a watermark? how long till we can contribute? have a ton of hq stock photos waiting for upload

Dvelopers continued to work on the development and are doing now everything to deliver the beta within 3-4 weeks! They will keep you updated

[Fabsquire]

Exactly I think they are in negotiation with another big investor that wants more security by seeing a working product before they take the step to invest. I think it's a great step for Photochain to postphone the ICO, concentrate on the product and continue from thereafter with more funding, this will help the company a lot in the future moving forward and delivering the promises and product to the investors and the public.

[tarolog]

when i place ICO early before, the ICO progress is not so good. Hope that you guys can restart asap and start the business operation asap.

[kusumadewi]

when i place ICO early before, the ICO progress is not so good. Hope that you guys can restart asap and start the business operation asap.

 even when not all ICO targets are reached now, developers have softcap and decided to move with (business)development and operational transformation.
Running ICO was really time and effort consuming, so they did not had a chance to develop.
Now developers want to concentrate on it as their main task and to deliver at the same time an achieved milestone to the community.

[liamclark]

Photochain revolutionizes the status quo of photography trading.

[icosiren]

Photochain has received a good rating on https://icosiren.com/ico/photochain/

[sirJihan]

the project is interesting, how much minimun investment?