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April 01, 2018, 03:56:04 AM |
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Photochain, found online at Photochain.io, uses blockchain technology “to reinvent photostocks around the buyers and the sellers,” explains the official website.
The goal is to pay photographers more for their work than they currently earn on centralized stock photography platforms. The Photochain website claims that many popular stock photography platforms pay photographers just 23% of the final price for their work. In comparison, Photochain wants to pay photographers 95%.
Photochain also emphasizes a fast verification period and fast payment times. Plus, photographers will be able to set their own prices.
Photochain is being developed by an Estonia-based team. The token sale for the platform’s PHOTON tokens, or PHTs, will be held in April 2018.
How Does Photochain Work?
Photochain is built as a native blockchain decentralized app (dApp) on the Ethereum network. The app uses InterPlanetary File System (IPFS) to secure data across the network.
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