The digital image and licensing industry is growing rapidly along with the development of high quality digital cameras. As a result, high quality photographic inflows are now in various untapped markets.
The market for digital images has some bottlenecks that still have to be overcome. Commercial landscape makes photo acquisition costly for buyers. In addition, the process is less transparent and unfavorable for artists.
The industry is controlled by only a few players who save up to 70% of revenues and leave rights holders with little compensation.
Blockchain is an annoying technology that has the potential to solve many problems in the rights management industry: identification, usage tracking, and management of digital content; smart contract payment to rights holders; as well as the transfer or sale of rights in part or in whole.
The native token (CPY) will fuel the contracts that interact with a decentralized registrar. Due to the large number of hashes that can exist to identify digital tents, a new chain will be launched.
Digital Contact Content Key Challenge
While most professional photography is locked into stock photography services and comes with watermarks, there are more and more photos that are easily accessible on websites, social media and blogs without any information about available licenses.
This leads to a free online mentality for everyone with an estimated 85% of images online being used without a valid license. Photos and images are copied and distributed without the knowledge or consent of the rights holder. This poses a serious problem for artists and industrialists who suffer huge financial losses due to undetected copyright infringement.
COPYTRACK - Existing Business with Extreme Growth
In a very short time frame, COPYTRACK has grown to become a leader in the highly automated copyright enforcement market worldwide. Starting in Berlin and being present in New York and Tokyo has enabled us to engage directly with artists and their networks around the world, and has helped us to quickly increase our customer base. Lack of an incoming hurdle ensures high conversion on all our process steps.
The Future of Global Copyright Registration
COPYTRACK's core is the creation of a global decentralized copyright listing for digital content, which authenticates users and connects digital intellectual property. This registry will generate a unique ecosystem for rights holders, thus providing a new e-client market. With its cutting edge technology and processes, it is perfect to address major challenges in the industry globally and to be open to the public.
The concept of using the Bitcoin block chain to record a notary by issuing a data hash in a Bitcoin transaction is nothing new. Thus, it is easy to see that the core model of a decentralized registrar is to create a database for storing up-to-date and historical information about digital content: its hash identifier, past owner and owner's public keys, and payment history to rights holders by anyone using registered digital content . Smart contracts are used to modify the sta-te of digital content.
Current & Future Business Model COPYTRACK
Transparency for Digital Content Ownership and Licensing
Currently, COPYTRACK services are geared to search for our customers' image across the web. If there is a successful match, we then move forward with enforcement and permissions. However, we will expand our services to include images through blockchain and provide new markets for artists and buyers.
COPYTRACK will set precedents for a global, transparent and decentralized list for digital content copyright. At the same time, COPYTRACK will implement the first use case for a decentralized ledger: the Global Copyright Catalog for Images, followed by a transparent Image Marketplace.
Allocation of Token
Roadmap
Creating Value Based on a Successful History
Website: https://copytrack.io
Whitepaper: https://copytrack.io/pdf/Copytrack_ICO_Technical_Whitepaper.pdf
Facebook: https://www.facebook.com/copytrack/
Twitter: https://twitter.com/copytrackhq/
Telegram: https://t.me/copytrackhq
Bitcointalk (ardibimbim): https://bitcointalk.org/index.php?action=profile;u=1446175
ETH: 0xcE84a75540510467B4915692B6ebD1e1b9E3aa93
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