My discourse today will be centred on a project called Colletrix, a fascinating and result-oriented infrastructure represents about the most unusual token globally, which aims to represent the substantial properties of physical objects in digital infrastructure. Basically, the colletrix initiative combines operations with intellectual property rights, the use of blockchain-registry and physical objects. The cardinal objective of the initiators of this infrastructure is to create a fundamentally new marketplace for the purpose of trading and collecting things by digitizing properties of things via writing to ERC-721 tokens. This is the goal, with the implementation of which all users aboard the ecosystem shall be able to get certain advantages and opportunities for themselves.
Furthermore, a cursory look shows that an element of the project includes the seamless creation 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 item patency. Basically, another aspect of this innovative project spans the creation of an economic model using the CIPX tokens, with the capability of free circulation internally and be used for other needs, which we will consider next.
PROBLEMS
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 IPI they are buying before they make a purchase. Legal practice, unfortunately, knows many negative examples of when a buyer fails to obtain complete insight 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 IP 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 allows the authors of IP 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, the proprietorship is securely protected and the owner can always prove his proprietorship. Buyers can check the statistics about the acquired assets in the open public blockchain-registry and get all the data knowledge and history about the purchased goods. It should be noted all categories of users who can utilize the prevailing colletrix environment and receive rewards benefits and advantages:
• For the aspect of the custodians of IP: They receive a reward in the form of a fixed percentage of the NFT trading price created by the owner. Invariably the trading price is generated as a result of trading on specialized stock exchanges for NFT
• On the aspect of sellers: Basically, they can seamlessly trade their unique assets through licensed proprietorship, registered in the NFT token. Each NFT token can be used in a limited amount of times and cannot be copied or tampered with.
• For collector:. Considering that the NFT tokens and physical items will be limited in quantity, a 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 IP 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 infrastructure. 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.
CONCLUSION AND TEAM
With the assistance of the infrastructure of colletrix, developers now have the ability to create fresh economic model crucial 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. Basically, via the NFT token introduction, this result-oriented initiative will be able to unite the physical and virtual world, showing that both can successfully work together. The platform shall make possible, a dynamic concern among collectors, providing a seamless way through to a protected marketplace and opening up a fresh prospect of business, such as creating franchises.
For more insight, please click on the links below:
Website: https://www.colletrix.com
Ann Thread: https://bitcointalk.org/index.php?topic=5138397.0
WhitePaper: https://www.colletrix.com/wp/en/ColletrixWhitepaper.pdf
Twitter: https://twitter.com/colletrix
Linkedin: https://www.linkedin.com/company/colletrix
Facebook: https://www.facebook.com/colletrix.io/
Telegram: https://t.me/colletrix
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2089872