Colletrix an elixer for intellectual property malpractices

PREAMBLE.

Virtually all aspects of life has been enhanced by the upsurge of science and technology lately, obsolete technology are been outgrown and replaced by the state of the art technology. This development is more glaring in the global financial system as its no longer news that digital currency has taken over availing the world a swift and more secured system of transaction. In this blog I want to present to you a spectacular project Colletrix which is aimed at representing physical properties in digital form. The project will secure intellectual property right and ensure user and creator of intellectual property are well protected and not duplicated. The project will also create a unique token(to NFT) system for the circulation of irrevocable tokens, and will be in charge of keeping superb and unique intellectual property, not withstanding the fact that the owners details will be intact.

Intellectual property so far..

Intellectual property with protection and apt storage has been known to loose potency and economic value over the years, this is due to non verification of identity and dearth of appropriate management system to serve as a watch dog and arrest the situation. I will be discussing some of the challenges encountered by genuine and dedicated participant in the market for trade in property and intellectual rights.

• obsolete and weary verification approaches: the traditional method which is in use is not appropriate, and can't deliver since its authenticity is questionable. many market players pay attention to new digital technologies and try to develop their own rights verification systems.

• Intellectual property value decline: Reducing the value of intellectual property rights and reducing the income of their owners. Modern business models lead to a gradual decrease in value and a decrease in revenue. Objects of law are depreciated due to fakes and other serious vulnerabilities.

-Counterfeit goods and falsification. Luxury or limited edition items are often marketed with a high collection value. Nevertheless, many dishonest intermediaries negatively affect their value, because of which the cost quickly falls.

Colletrix the story changer.

Colletrix will allow owners of assets and intellectual property to store their property into digital assets under the blockchain technology, no doubt blockchain the most secure technology is absolutely superb for such sensitive task. In this way, ownership is securely protected and the owner can always prove his ownership. Buyers can check the information about the acquired assets in the open public blockchain-registry and get all the information and history about the purchased goods. It should be noted all categories of users who can use the Colletrix ecosystem and receive benefits and advantages:

• For collectors. Since NFT tokens and physical items will be limited in quantity, limited supply will cause high competitive demand in the market.

-For owners of CIPX tokens. The owners of this virtual currency can freely participate in the economy of the intellectual property market. The more users are involved in the ecosystem, the more goods and NFT tokens will generate through the platform, attracting all new users and enhancing continuity.

• For sellers. They can sell their unique assets through licensed ownership, registered in the NFT token. Each NFT token can be used a limited number of times and cannot be copied or tampered with.

-For owners of intellectual property. They receive a reward in the form of a fixed percentage of the NFT trading price created by the owner. Trading price is generated as a result of trading on specialized stock exchanges for NFT. This surely will add a feather to caps of talented initiators.

The blockchain registry as adopted by Colletrix is a reliable solution for keeping and recording all transactions within the platforms. This platform is so transparent that it gives users the ability to check information in an open and transparent network. The potency of Colletrix is also visible in the team make up as it is a conglomeration of highly experienced Brian's in both digital currency and global finance hence are absolutely in the best position to handle a state of the art project as this.

End note.

If you are well acquainted with my page you would know I only write about trailblazer projects with gross importance. Surely Colletrix is no exception as it avails a conglomeration of opportunities which not only solves exiting problems of intellectual assets and property protection but is absolutely futuristic against impending challenges in the near future. On amplification of this maxim I recommend Colletrix for everyone as it is a project that excites.

WEBSITE: https://www.colletrix.com/#/
TELEGRAM: https://t.me/colletrix
WHITEPAPER:https://www.colletrix.com/wp/en/Colletrix_whitepaper_20190514_low_2.pdf
ANN THREAD:https://bitcointalk.org/index.php?topic=5138397

FACEBOOK https://www.facebook.com/colletrix.io
TWITTER: https://twitter.com/colletrix
LINKEDIN:https://www.linkedin.com/company/colletrix
YOUTUBE:https://www.youtube.com/channel/UCKFYZ-DLYyBQFpVXBzUN5JQ/

AUTHORSHIP:
MY BITCOINTALK USERNAME: AJORO

MY BITCOINTALK PROFILE LINK:https://bitcointalk.org/index.php?action=profile;u=2517500;sa=summary