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Creativechain
Blockchain platform for multimedia registration and distribution that indelibly certifies the intellectual properties and their distribution licenses of digital art
Type of content:
Assets
Type of asset:
Portal
Big data potential
Yes
Policy domains:
Education, Youth, Culture & Sport
Phase in the policy cycle:
Policy Implementation
TRL
8
Implementation/customisation cost
Low
Open license availability
Yes
Ease of use
High
Tags:
Privacy
Privacy by Design
Addresses:
| SWOT Analysis for Creativechain |
||
|---|---|---|
| Helpful | Harmful | |
Internal |
Strengths• Blockchain platform for multimedia registration and distribution that indelibly certifies the intellectual properties and their distribution licenses of digital art • Offer a public and transparent alternative to intellectual property registration making an intelligent use of the revolutionary and distributed blockchain technology. • The platform applies the power of attorney of the revolutionary Blockchain technology in the process of registering content to create incorruptible proof of existence (POE) that certify the authorship of any digital work. • Creativechain incorporates multiple peer to peer content distribution systems with Creativecoin (CREA), the official cryptocurrency of the platform. • Apply smart multisig contracts to close agreements on your publications. |
Weaknesses• The role of Creativechain could be played by a competent Counterparty or Ethereum project, eliminating its novelty. On the same note, Factom could simply expand to do everything Creativechain intends to do. • Creativechain uses a Scrypt proof-of-work mining algorithm. Many altcoins experience periods where, right after a large mining outfit disconnects from the network, no one remaining has the hash power to mine another block for hours until the difficulty drops. Creativechain should be aware of this hazard and implement smarter difficulty adjustment algorithms as a result, since accessibility of the content and payment rails is of the utmost importance. • Much of the communications seem to be based in the Spanish language. |
External |
Opportunities• Aims at all artists, musicians, designers, writers and professionals in the audio-visual sector who produce digital content and use the Internet to sell or distribute their creations among their fans and followers. • A decentralised social network without censorship, where you can freely share your creations in an economic system managed by the community itself. • Creativechain incorporates multiple peer to peer content distribution systems with Creativecoin (CREA), the official cryptocurrency of the platform. |
Threats• The role of Creativechain could be played by a competent Counterparty or Ethereum project, eliminating its novelty. On the same note, Factom could simply expand to do everything Creativechain intends to do. • Creativechain uses a Scrypt proof-of-work mining algorithm. Many altcoins experience periods where, right after a large mining outfit disconnects from the network, no one remaining has the hash power to mine another block for hours until the difficulty drops. Creativechain should be aware of this hazard and implement smarter difficulty adjustment algorithms as a result, since accessibility of the content and payment rails is of the utmost importance. • Hacker attack |
