Photochain is revolutionizing the stock photography industry - a $4 billion annual revenue industry that is in dire need of a restructuring.

Photochain is revolutionizing the stock photography industry - a $4 billion annual revenue industry that is in dire need of a restructuring.Currently the industry is very centralized around 4 main players, and these guys have shareholder pressure to increase their returns. This however has meant that have raised fees on their customers (i.e. photographers) to an average of 77%. 77%! Photographers have become very disgruntled with being charged a ridiculous fee and they want somewhere else to sell photography.Enter Photochain - revolutionizing the status quo in the blockchain. Photochain solves all of the pain points that photographers feel from the industry:They are able to set their own pricing, their own licensing and their terms of sales - the current industry doesn't allow this Digital Copyright Chain means that copyright detection is automatic and more secure - current methods are done manually by lots of people (hence expensive cost base) Photographers only pay 5-15% of their selling price as fees - far less than the current fee models Transactions processed in seconds - this is due to blockchain, but users don't need to understand blockchain as we are building an internal fiat currency to our blockchain token exchange (so we accept fiat payment processing) And many more...https://ift.tt/2vTttoC via /r/icocrypto https://ift.tt/2JD1qvL