Colletrix - How to protect your intellectual property rights with the blockchain

yousufatik (33)in #ico • 5 years ago

The Colletrix project represents the crypto community one of the most unusual tokens in the world, which aims to represent the physical properties of physical objects in a digital infrastructure. The project combines operations with intellectual property rights, the use of blockchain-registry and physical objects. The goal of the developers is to create a fundamentally new market for trading and collecting things by digitizing the properties of things by writing to ERC-721 tokens. This is the main task, with the implementation of which all users of the ecosystem will be able to get certain advantages and opportunities for themselves.

One part of the project includes the development of a non-fungible token (to NFT) system for the circulation of irreplaceable tokens, which will store unique intellectual property rights, as well as contain records about the owners of items. Another part of the project involves the development of an economic model using CIPX tokens, which will have free circulation in the ecosystem and be used for other needs, which we will consider next.

Problem

When intellectual property is sold on a free market, usually its original creator loses both in legal and economic terms. Buyers and collectors must always verify the authenticity and history of the item or intellectual property they are buying before they make a purchase. Legal practice, unfortunately, knows many negative examples of when a buyer fails to obtain complete information about acquired rights. The following are the main problems faced by participants in the market for trade in intellectual rights and property rights:

Lack of effective verification methods. Traditional methods do not provide complete guarantees of authenticity; therefore, many market players pay attention to new digital technologies and try to develop their own rights verification systems.
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.

Solution

Colletrix allows the authors of intellectual property and owners of collection items to convert their property into digital assets, which allows them to fix their rights to possession in a distributed blockchain-registry, the reliability of which everyone knows. 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 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
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 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.

Colletrix developers have begun to take advantage of technological advances today. Blockchain-registry is a reliable solution for recording all operations within the platform. He also protects the intellectual rights of content authors, owners of rare and collectible items and unique luxury items. Any user is always free to check the necessary information in an open and transparent network.

Project Team

Project Roadmap

Conclusion

With the help of the Collectrix platform , developers will be able to create a new economic model for creating and maintaining value not only for intellectual property and collectibles, but also tokenize any item by writing its properties and characteristics to a digital token located in a secure network. With the introduction of NFT tokens, the project will be able to unite the physical and virtual world, showing that both of them can successfully and work together. The platform will create a dynamic interest among collectors, giving them easy access to a protected market and opening up new business opportunities, such as creating franchises.