Imagol block chain based photo sale, social networking DApps advertising market. Imagol changes the traditional stock photography library structure. This revolutionary platform creates a sustainable ecosystem for users, photographers. Using block chains improves IP protection and photographers retain all rights Pay the low fee, set the selling price to the contents In the free market.
Imagol mission is to inspire creativity by connecting artists with users in a fair and thriving community of original contents exchanges.
Imagol are building an ecosystem that enables secure and convenient access to digital stock images using blockchain technology that allow photographers to be in control of the pricing and rights to their creations. We believe anyone can be a photographer and strive to ensure that photographers are motivated in the creation of original work.
A number of technologies are available in detecting use of photos on Internet. Watermarking takes a photo that hasn’t been released, adding words or graphics to it (either visible or invisible) and then detecting that watermark as the photo is transformed. Fingerprinting takes photo, runs an algorithm over it, then detecting similar photos to it through web crawlers. Fingerprinting is the technology used by PicScout , Tineye while Digimarc, ImageRights and Pixsy use watermarking.
There has not been any major breakthrough in the technology used and they tend to be too expensive and are often out of reach for photographers.
Contracting and rights management
Copyright laws are vague, complicated, universally misunderstood, fine print in rights management contracts can be tough to comprehend. Copyright protection are also difficult to negotiate, and transfer of ownerships and rights can be stressful and cumbersome.
Many of these negotiations may require an Intellectual Property professional or a lawyer. Many photographers may choose to skip such complicated process and inadvertently exposing themselves to potential losses.
Buying an image from any stock library can be complicated. There are Right-Managed (RM) and Royalty-Free (RF) copyright license types. Right-Managed allows a one-time use of the photo as specified by the license.15 If the user wants to use the photo for other uses, he has to purchase an additional license. Royalty-free allows the right to use copyright material without the need to pay royalties or license fees for each use, per copy or volume sold or time period of use or sales.
It may sound simple but buyers are often confused by these two types of licensing. Thrown into the mix, ‘Editorial Used Image’ which depicts real life situation where a photograph cannot be used for commercial advertising purposes.
Imagol’s blockchain digital stock library
Imagol is a platform that facilitates the trading of digital images between photographers and buyers – without third party to keep low operation cost and better compensate participants in ecosystem. With encrypted digital ledgers, photographers can license their work to better manage their intellectual property.
Anyone can be a photographer
Digital photos are vital to the entertainment, print, media, marketing and advertisement for use online and offline as well as in non-commercial environments for research and education. With the advancement of camera technologies on smartphones and the shifting demand towards more timely and relevant photos for online audiences, the quality of photo taken with smartphones are usually good enough to be used online.
Imagol proposes the creation of new ecosystem that make stock photos affordable, reduces piracy, promotes greater transparency in usage of digital property, simplifies paperwork, better management of intellectual property. For buyers, they pay fair price for a licensed image. Participants in ecosystem will earn token by getting involved. In the end, everyone involved fairly compensated. Anyone can be a photographer now and many talents and hidden talents can now benefit from their work with many existing barriers removed.
Fair priced and community oriented
A community driven platform of stock photos is needed to support and nurture photographers, providing users of stock photos with an affordable price while giving better financial reward to the photographers.
Contracting and rights management
A simple solution to record transactions and manage the transfers of “rights” is through image verification, crawler searches the web, detects unlicensed media, and reports to the owner. A user who uses unlicensed media will then be encouraged to license the used media.
Features of Imagol
Everyone is a photographer. Anyone can use a mobile phone to snap and sell on Imagol. Low barrier of entry will attract millions of professional and amateur photographers worldwide to the platform. With a wide range of competitive digital images, buyers can choose what they need, and buy based on their budget. With an open market, we believe the price of digital images will be competitive and affordable.
In blockchain, contracts can be self-executing, converted to computer code, stored and replicated on the system and supervised by the network of computers. Model releases and property releases can be easily executed using smart contract. It simplifies complicated releases, ensuring the profit of photographers, models and property owners are rightfully and timely compensated, creating a win-win situation for all.
Trust, Secure, Transparent
When any photographer uploads a work, it will be cross-referenced against other works to avoid duplicative registration. Once approved, the photographer’s uploaded digital image is time-stamped and recorded on blockchain. With blockchain technology, a software runs across multiple computers, and creates a tamper-proof, indelible record of an image. Record will be secured and decentralized, encrypted on a shared ledger. The recordings can be used as evidence in court in an ownership dispute.
Working with third-party image search companies such as ascribe, web crawler will search the entire Internet to find out who’s using a photographer’s image and where it is being used online. With blockchain, a network of computers will vouch for the provenance and authenticity of an image – making it harder for one to upload stolen images.
The ability to track an image will empower photographers on Imagol to regain control in the management of their image rights.
By creating the IMA Tokens, Imagol facilitates the trading of digital images between photographers and buyers – without third party to keep low cost of operation and better compensate participants in the ecosystem. The diagrams below demonstrate the trading process between a photographer and a buyer on Imagol.
The existing digital stock image library industry relies on a middleman model that is essentially ‘creaming off’ a high profit. Creators of digital images are not fairly compensated, and buyers are overpaying. Imagol intends to introduce blockchain and smart contracts technology to a build a platform to serve the following reasons:
To sell digital images direct without the need of a third party
To offers a wider selections of digital stock images
Better control and protect one’s intellectual property
Better manage digital images licensing with blockchain
Using smart contract to simplify the complication of a model released
Licensed images remain affordable
Create a fair market
Imagol will issue IMAGOL tokens or “IMA” which will be used as a medium of exchange for images and related services between participants within the ecosystem. Everything circulates around the IMA token. IMA will also be used to incentivise participants for sharing and contributing to the system. Third-party image management companies can offer their products and services in exchange for IMA in the ecosystem.
Advantages of using Imagoltokens
Tokens are of ERC20 standards, can be used across any number of different jurisdictions.
A better way to manage, incentivise and benefit participants.
A digital token is secure and it cannot be counterfeited.
It prevents unauthorized transactions.
Using blockchain-based tokens allow settlements within an automated, self-executional smart contract.
Using a unique and solitary token shields our ecosystem from external issues and considerations that can make cryptocurrencies volatile.
This article is writing on 26 June 2020 based on information available online & news portal. If you feel it’s outdated or incorrect, please write here to update it. Mail us: [email protected] Or Whatsapp Us- +13098896258
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