How These Guys From Geneva Will Change The Visual Content Industry? IPStock

The modern world is dynamically changing from day to day. New technologies are emerging regularly and old ones are rapidly developing, improving and adding convenient functions. Furthermore changes have not bypassed such an important area, as the visual content industry. Today, lots of designers and professional photographers experience great difficulties with licenses and copyrights when using imperfect functions of photo- and videostocks.

Let’s consider a number of problems that users and content producers face while using such the exchanges:

1. The main problem is the lack of proper protection of the producers’ copyright. Today it is really difficult to prove the authenticity of the content produced by you, especially when you use multiple exchanges. This causes a lot of negative reviews about photoshoots and does not make it possible to use them as a full-fledged source of income due to huge risks. In addition, now there is no possibility to watch the history of licenses on none of the exchanges. In order to do this you have to contact one of the agencies that are extremely reluctant to share any private information.
2. The next problem is the huge amounts of royalties paid by content producers to the middlemen. This also make a great influence on the prices of such content and often discourages potential buyers.
3. Another important point is that now there is no possibility to store all the content produced by you in one place. That is, in order to get appropriate network distribution, content creators have to register on all exchanges and have dozens of profiles. That not only takes a huge amount of time, but that is also an extremely unreliable and inconvenient system in general.

Despite a large number of problems experienced by the producers of visual content, the market already has an excellent solution, offered by the Geneva-based company IPStock.

IPStock is a team of professional designers with a wide experience of working with all kinds of visual content. They use photo and video stocks in their work on a regular basis and they no longer wish to accept the disadvantages offered by the exchanges, which those stocks do not suppose to eliminate at all. Why? The answer is simple: it is completely unprofitable for the middlemen organizations to lose their income.

IPStock team is going to change the entire visual content market radically with the help of blockchain technology and they have already begun to do that! In just two years the company is going to completely transform the modern work experience with the stock exchanges of visual content and make it more convenient, simpler and much more reliable.

As early as 2018, IPStock is going to solve the most important problem, which is related to copyrights. The team has already developed a single register based on blockchain technology, which will track copyrights. The presence of such a register completely eliminates any problems that arise with copyright in the future!

In the second half of 2018, IPStock will simplify and optimize the interaction between the content buyer and its supplier. There will no longer be a need to pay a 70% royalties to a middleman, because all interactions will be carried out with the help of reliable smart contracts on a single license marketplace.

In 2019, the company will launch a unified platform that combines several exchanges of visual content, thereby greatly simplifying the interaction between the supplier and the seller.

By 2020, IPStock will connect most of the world’s agencies and create a single API to have an open base for all users. In addition, in 2020, IPStock is going to add AR/VR content for sale and purchase!

IPStock is a unique company that has no analogues on the visual content market. It sets itself extremely ambitious, but it has already practically realized the ideas that can completely change the industry, making it easier and more convenient and better for both buyers and content producers!

Learn More About IPStock!

Read The WhitePaper!

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How VeChain Passed a Cryptocurrency Disaster Recovery Plan

In an unprecedented yet revolutionizing move, VeChain, a blockchain service provider, attempted and passed the first-ever cryptocurrency disaster recovery plan (CDRP) by PwC.

This marked the first time that any blockchain based entity attempted to demonstrate its prowess with an industry level CDRP that was approved by no less than the incomparable PwC itself.

The first of its kind CDRP was designed by VeChain Foundation. It aimed to ensure the effective management of operations and implementation of security protocols in case of unforeseen events.

The CDRP is an enterprise-level protocol that was designed with higher future adoption in mind. With the plan, VeChain had segregated possible scenarios into the following categories:

1) Low risk – Adverse event

The plan described this section is about scenarios that do not directly compromise the security of confidential data such as digital wallets or private keys.

Examples of such events were explained as system crashes on machines with financial information, detection of virus or malware on the company’s network, or identification of external cyber-attacks on systems that do not contain digital wallets or private keys.

2) Medium risk – security incident

This section comprised of events that could have a direct effect on the security of digital wallets and private keys.

Examples of such events were defined as the unauthorized use of the system, virus or malware affecting devices with digital wallets, and damage to hardware containing sensitive keystore files.

3) High risk – private key compromise

This section was related to suspected or actual compromise of private keys or keystore files.

Examples of this were events resulting from a natural or human-made disaster, or a widely spread cyberattack.

Drill Results

A drill comprising of all possible scenarios was held on January 19. VeChain’s staff including its CEO Sunny Lu were in attendance, along with PwC representatives. As per VeChain’s official statement, the drill was run for around 6 hours and covered all digital wallets owned by VeChain.

The staff went through simulated scenarios and applied a wide range of procedures to find practical solutions for the posed issues.

VeChain termed the CDRP drill to be “a great success.”  

Why is this a significant move?

With more and more large businesses looking to depend onto blockchain technology in the future, such enterprise-level protocols will be required. While blockchain technology remains to be the securest method to share information, for now, the threats against it will only evolve.

That is why, by ensuring that such plans are in place, corporations can make sure that their operations are not affected and that their data along with their customers’ information can remain secure, even in the event of an unforeseen situation.

What Is VeChain?

VeChain is an enterprise blockchain solutions provider that offers blockchain as a service through its platform. By collaborating with organizations all over the world, it has been able to deploy blockchain based programs to multiple clients so far, including an importing corporation in China and PwC itself (for its third-party services).

VeChain has been making waves with its unique approach to establish blockchain corporations as enterprise level entities. This particular stance towards employing first-ever initiatives has only worked in its favor, as it has recently seen a noticeable increase in both the level of interest in its operations and its native token VEN, which raised in value over the past few days.

VEN is currently being traded on multiple exchanges including Binance and HitBTC.

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