Colletrix: putting an end to theft of intellectual properties
Blockchain can be argued to be one of the best thing that has happened to man in recent times, in the past decade there have been cautious efforts to improve every sphere of man's life especially as it relates to universal business approach. Truth be said, lots of success have been achieved in those areas but I believe there is a lot more that cryptocurrency can yield for mankind than it has done so far.
A recent addition to the many achievements of blockchain is the invention of the colletrix platform. A platform designed to further enhance and preserve the IP ( intellectual property) industry. This platform is one with the world's first non-fungible token (NFT), with this they aim to provide some level of protection and life long value for owners of intellectual properties through tokenization. It also enables consumers and merchandisers to trust the authenticity of whatever product they purchase.
What is Colletrix
Colletrix is a project that is supported by some set of awesome team around the world, they came together with the singular purpose of restructuring the Intellectual property (IP) industry and giving a new meaning to it. The four major companies currently associated with colletrix includes Undone, animoca brand, future arena and bitwork accelerator. Undone will integrate many core ideology that will be beneficial to merchandise and his products and also bring to their notice the benefits of the blockchain technology.
Animoca on the other hand will bring to the front burner it's numerous network and cliques of intellectual property owners coupled with blockchain and gamificatiin technologies. Future arena will focus on the aspect of sports and entertainment related intellectual properties, all in a bid to create an ecosystem that will be rewarding to all and sundry.
How colletrix works
The reason Colletrix chose to use the blockchain technology is to enable them protect and provide incentives for intellectual property owners and verify the authenticity of products bought and redistributed by merchandisers. Usually, before now IP owners lose out completely when their intellectual properties get illegally stolen and resold, but all this have become a thing of the last with colletrix.
The colletrix platform gives IP owners the right to issue licenses to consumers of the intellectual properties, thereby making them to earn each time their intellectual property is being used. Going forward people with talents will have no fear in exploring them knowing fully well that they will be duly rewarded for it.
CIPX token details
The official token of the colletrix platform has the ticker CIPX, it's an ethereum based token that will be used as payment for most transactions on the CIPx platform, the total supply of the token is set at 10 billion. The estimated price of each token at the IEO expected to take place at the end of this month is roughly 0.01 dollar per token.
Summary
Colletrix is going to disrupt the IP industry and make amends for all the shortcomings associated with previous ones. This project is really one to look out for in the nearest future.
The following links could be helpful:
Website: https://www.colletrix.com/#
Whitepaper: https://www.colletrix.com/Colletrix_whitepaper_20190430_1.pdf
ANN: https://bitcointalk.org/index.php?topic=5138397.0
Facebook: https://www.facebook.com/colletrix.io/
Twitter: https://twitter.com/colletrix
Telegram: https://t.me/colletrix
Linkedin: https://www.linkedin.com/company/colletrix
Author: Dimkpakpa
My Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2433138;sa=summary