Home / Crypto News / Describe the characteristics and future of cryptocurrency INK! Exchange · chart summary

Describe the characteristics and future of cryptocurrency INK! Exchange · chart summary

In this article, I will introduce a Japanese project called Ink (ink).

Ink provides solutions for solving problems such as unequal industrial allocation and irrationality in the creative industry (creative industry).

This Ink project is characterized by adopting a proprietary mechanism using consortium block chains and cross chain protocols as well as public chains.

Ink (ink) overview

Overview of INK (ink)

Issues confronting the content industry considered by Ink (ink)

Due to the spread of the Internet, creative content such as music, movies and games became more familiar. However, at the same time it created the following problems.

  • Industry structure where money does not reach the producer side
    – An incomplete revenue sharing structure resulted in inhibiting not only the quality of the content but also the creators’ motivation.
  • Monopoly of distribution channels, opportunities inequality
    – It is not always appreciated for the quality of the content, and it is difficult to find a competent newcomer
  • Lack of copyright protection measures
    – While there is an environment where it is easily copied, there is no easy way to prove and protect copyright

Ink challenges these problems by using block chains.

Ink (derived) derived mechanism and solution

Ink thought that the root of the problem mentioned above was a system of unreasonable compensation allocation and an irrational think that I thought that this can be solved by establishing a fair compensation allocation and a rational system It was.

Use of block chain and its reason

Prior to the block chain we had to go through all the rules on a single protocol to use the application.

However, when trying to run its own application in the block chain, the protocol is not a fixed one, but it can connect and use only the protocol selected by itself (eg cross-chain protocol).

Ink thought about the freedom of this protocol and thought that it could increase constraints by using different consortium block chains rather than public chains.

On the other hand, by building a platform that combines cross chain and multiple public chains ,

  • Response to different laws and cultures depending on the region
  • Special attention to industry and business
  • Maximize governance by cooperating with multiple bases
  • Information processing capacity and latency period necessary for productivity improvement
  • Accessibility
  • Safety and anonymity
  • Recovery from system adjustment and trouble

You can achieve such as. We will explain the mechanism of Ink’s block chain that realizes these in the next section.

Structure / structure of Ink (ink)

As in the image, INK adopts a model that connects multiple consortium block chains and public chains.

Consortium Block Chain
It is not a block chain that anyone can use like a public chain, but a block chain that only participants to the consortium can use. Consensus formation mainly adopts BFT (Tendemint) and PBFT.

The Ink consortium block chain manages works by content creators who are the main players in the content industry .

It is the reason why this management is not done on the public chain, but it is probably because there is no need for third parties to provide remuneration in processes such as work management and approval , form consensus within the consortium Speeding up the speed of approval, and the point that each consortium can have appropriate restrictions quickly while giving different constraints (eg , for each country’s law) .

On the public chain side, you can choose whether to use Bitcoin protocol, Qtum, or Ethernet, you can tokenize your work and give it liquidity .

Furthermore, the cross-chain protocol guarantees the connection (interoperability) between each consortium block chain and the public chain .

As mentioned above, the integration of the consortium block chain, the public chain, and the cross chain protocol is the structure of INK’s platform to provide,

Product description of Ink (ink)

INK aims to provide infrastructure in the non-centralized content industry.

First of all, copyright protection service that registers contents in block chains, INK timestamp. Just drag and drop files on creator’s actions. In just 30 seconds the file is registered on the Ink block chain. License will be issued as proof of registration.

The one that provides the structure introduced in the previous section as a service to the user side becomes this BaaS (Blockchain-as-a-Service) , which is called INKstone (beta version).

INKstone is now beta version, but you can use various services using the INK consortium chain based on Hyperledger Fabric 1.0 within this product.

  • INK SDK (Software Development Kit)

INK’s software development kit provides block chain resources required by ledgers and accounts, contracts, transactions and other developers.

  • INK account / asset issue

INKstone offers account and token issuing modules.

There are a lot of applications in the content industry, such as value movement, content distribution, compensation for intellectual property rights, and so on in an extremely efficient manner.

Features of INKstone

Users can do these base level operations in INKStone in just a few clicks .

In other words, you can build your own work by building and deploying your own block chain network, setting up block chains and smart contracts on the token side , making visualization of the ledger and monitoring / confirming the network only by clicking It is a service that can do.

Ink (Ink) token and its uses

INK token information

network Qtum
standard QRC 20
Token usage Intellectual property registration and confirmation
INK application and service usage fee
Total issue number 1,000,000,000 INK

Of the total 1 billion tokens issued, 500 million, which is 50%, will be issued for the purpose of raising funds.

This fund is used for further development of INK such as technology development, market expansion, legal advice, intellectual property investment.

Ink road map

Ink road map

season Contents
February 2018 -INK official wallet release
March, 2018 -INKubator Cloud Funding Platform
Beta release
April 2018 -INK Closed test of cross-chain protocol
-INKubator Cloud Funding Platform
Beta version started operation
May 2018 -INKubator Trading platform beta version operation started
– INKchain main league chain assembled Tendermint consensus
June 2018 – INK chain Distributed DApp – INKwork β version operation started
– Start operation of INKDappstore
July 2018 -INKubator Cloud Funding Platform
Completed initial IP cloud funding
August 2018 – Trading IPToken trading in INKubator trading platform
future – Try to develop new applications

Ink (Ink) Summary

In this article, I introduced about INK, which solves the problems of the creative industry with a unique approach using block chains.

INK is Tokenizing Intellectual Property Rights by its own process and working on solving various problems by using multiple consortium block chains.

If you would like to know more about this project, you may want to read the white paper from the official site and try using the beta version of the service.

Author: Shota 【Coin Desk News】 – Source Post: https://crypto-times.jp/ink_intro/

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