Po.et Coin is the crypto currency of a platform dealing with smart media applications and licensing of digital assets. The developers want to build a platform on which intellectual property such as texts, images, music and graphics can be registered and traded. A marketplace for digital assets is to be created.
Timestamps are supposed to help with the allocation of digital assets. The blockchain architecture is used for this. Po.et Coin is a response to the changes the Internet is bringing to freelancers in creative industries.
Po.et Coin – What is this crypto currency?
The Po.et crypto currency is a token. This means that for the time being the coin has no other purpose than to finance the project. The Po. et Coin development is still in full swing, with the Initial Coin Offering (short: ICO) tokens in the value of 10 million dollars could be sold. The Po.et Coin was generated on the Ethereum blockchain. By selling the tokens, interested stakeholders and editors could be found who would like to participate in the project. You can also attribute symbolic support for the creators to the tokens. However, the Po.et crypto currency should still fulfill various functions later. A wallet has already been developed, indicating that the developers still have something planned with the coin.
The main focus is on the platform. This uses the blockchain to provide intellectual works such as articles with a copyright. The blockchain is the software behind most crypto currencies. It functions as a database and stores transactions and other information. There are more and more interesting projects that use the blockchain as a basis. On the Po.et platform, authors should create a certificate that bundles the work and the copyright in one file. This file is hashed, i.e. cryptographically encrypted, and then stored in the blockchain. This should undoubtedly make it possible to verify that the file originates from the author. The hashtag adds additional metadata and features, creating new commercial applications and making it possible to gain more information about a digital asset.
First, the developers want to create a platform on which authors can secure their values and convert them into digital assets. Further features will follow, which are still under development. The Po.et blockchain then wants to connect to other networks. Content repositories such as Getty Images, Creative Commons and other licensing organizations are to be included using a common metadata framework. Together with the blockchain, these and other organizations are to form a basis for intelligent media applications.
Ultimately, films and images should also be transformed into assets and an open marketplace should be created on the platform. This includes rights management applications and open research marketplaces. Smart contracts are used for this marketplace. Smart contracts scamcontrol are digital contracts that are entered into and processed completely automatically. These should help to track creative works and facilitate the work of publishers, editors and content producers.
In future, the certification of the works should help authors to prove their authorship beyond any doubt. This should also give them a better negotiating position when it comes to offering their works to publishers. Your works should be protected by timestamps, which receive a “proof of existence”, an exact indication of the publication, exactly determined by the time of storage in the block chain.