PLAN CHAIN PLATFORM FEATURES.
The PlanChain platform will consist of the following features:
Proof of Authorship Engine.
This engine creates an unchangeable record of the authorship and ownership of an IP asset on the VechainThor Blockchain.
🔗 A user uploads one or more files associated with IP asset.
🔗 The user then provides PLAN utility tokens or fiat or other digital assets which will be converted to PLAN tokens.
🔗 PlanChain platform uses an SHA-256 algorithm to generate one or more hashes.
🔗 PlanChain then initiates a transaction to generate an unchangeable record on the VechainThor Blockchain of the ownership and authorship of the IP asset, including a timestamp.
🔗 There can be an optional use fee delegation or atomic swamps to pay for VerchainThor blockchain gas.
🔗 The Planchain platform then generates a blockchain certificate for the user to document the ownership and authorship.
🔗 A user has the option to create a Non-Fungible Token of their IP asset.
Upon the issuing of the blockchain certificate, a user may add an NFT of their IP asset to the IP vault for more secure storage or to the IP marketplace to monetise their IP assets. As a part of the PlanChain’s future innovations, the team is currently building a partner network of IP professionals all around the globe. As a result, users will then be able to work with one of the Planchain platform’s IP professionals if they want to register their IP in one or more official government offices.
IP VAULT.
Planchain platform will have an IP vault which allows the users to store their files associated with their IP assets, blockchain certificates, NFTs, draft documents, contracts, among others in a completely secure manner.
THORM.
THORM is the Planchain platform’s IP asset marketplace which allows users of the platform to monetise their IP assets. The marketplace can use NFTs that represent IP assets and the metadata associated with the IP assets. A user on the platform can be able to create their profile on THORM and IP portfolios which are linked to their profiles to list, showcase and monetise all of their IP assets.
SNAP BLOCK.
The Planchain ecosystem will also include a mobile application for managing IP assets which are referred to as Snap block. Snap block will integrate majority or all of the features of the Proof of Authorship Engine, IP vault and THORM.
All of the transactions on the Planchain platform will be powered by the PLAN utility tokens. This includes those transactions that will be carried out using the mobile application. The PLAN utility token in conjunction with the VechainThor blockchain and use fee delegations such as MPP for VTHO or atomic swaps will all be used to power transactions on the Snap block mobile application.
CONCLUSION.
Planchain will be the ultimate solution to the management of IP assets where users will get to enjoy all the benefits that come with blockchain technology. One will be able to manage their IP assets by the help of Snap block as well as monetise their IP assets on the THORM marketplace. Security on Planchain will also be at an all-time high thanks to VechainThor blockchain guaranteeing users of convenience and efficiency all through their operations on the Planchain platform.
Links:
🔗 Telegram: https://t.me/Planchain
🔗 Telegram: https://t.me/Planchainannouncements
🔗 Website: https://planchain.io/
🔗 Reddit: https://www.reddit.com/r/Planchain/
🔗 Medium: https://medium.com/@PLANCHAIN
🔗 Twitter: https://twitter.com/Planchainio
★ Author: jamesndungu1
★ BitcoinTalk Profile: https://bitcointalk.org/index.php?action=profile;u=1856049
★ All Images credited to PLANCHAIN WEBSITE
