STOPTHEFAKES - LEVERAGING BLOCKCHAIN SERVICE IN FIGHTING COUNTERFEITING AND COPYRIGHT INFRINGEMENT
In a bid to wholesomely stop the infringement of intellectual property and all forms of counterfeiting, StopTheFakes, a decentralized service that is based on Blockchain, has been created to give complete power back to rights holders. StopTheFakes has the required infrastructure to provide to right owners, a very transparent and trustworthy system that will provide information regarding the infringement of their rights, regardless of geographic location or anything else. Our method involves, retaining as commission fee, part of a customer’s payment to his or her provider, and our token (limited number of tokens) is the only payment means that customers will buy for the purpose of compensation, and Blochchain technology will ensure protection of customers against forgery, and, using our system, industries will be able to minimize their expenditure on protection of copyright and counterfeiting.
CURRENT MARKET AND INDUSTRY CONDITION
Developments in science and technology in the 21st century has seen companies spend more on advertisement than on what they produce. As estimated by marketers, in 2017, $547,370 billion will be spent by companies, on advertisement of goods and services. However, the Organization for Economic Co-operation and Development (OECD) has also predicted that $461 billion counterfeit worth (still a low estimate), will be sold worldwide and a huge part of counterfeits are sold at reduced price which causes rights holders to be affected by competition from violators as well as reduced turnover. Experts also determine the upper threshold of losses to reach $1.7 trillion. Combined income generated from drug, human trafficking, prostitution and illegal gambling do not compare to those generated from counterfeit products sale, infringement of copyright and use of commercial brand names illicitly.
The following is a global estimation of turnover annually, from counterfeit products and intellectual property rights infringement;
Developments in science and technology in the 21st century has seen companies spend more on advertisement than on what they produce. As estimated by marketers, in 2017, $547,370 billion will be spent by companies, on advertisement of goods and services. However, the Organization for Economic Co-operation and Development (OECD) has also predicted that $461 billion counterfeit worth (still a low estimate), will be sold worldwide and a huge part of counterfeits are sold at reduced price which causes rights holders to be affected by competition from violators as well as reduced turnover. Experts also determine the upper threshold of losses to reach $1.7 trillion. Combined income generated from drug, human trafficking, prostitution and illegal gambling do not compare to those generated from counterfeit products sale, infringement of copyright and use of commercial brand names illicitly.
The following is a global estimation of turnover annually, from counterfeit products and intellectual property rights infringement;
• $63billion – Pirated software
• $45billion – Automobile components and spare parts
• $169billion – Electronic devices
• $49billion - Food
• $12.5billion – Music
• $34billion – Toys for Children
• $200billion – Medicine
• $12billion – Footwear
• $12billion – Clothes
• $8.1billion – Videogames
• $8,5billion – Cable TV programs
According to the OECD, the USA with 20% tops the list of countries that record losses from the infringement of intellectual property rights. Others are, Italy -15%, Switzerland – 12%, Finland – 2%, France -%, China – 1%, Great Britain – 4%, Belgium – 2%, Spain – 2%, Japan – 8%, Germany – 8%, Luxembourg – 3%.
The USA is currently playing a role in combating piracy. Moves such as, shutting down 82 websites that counterfeit, on Cyber Monday, by the US Department of Homeland Security, on November 29, 2010, and making amendments to the Intellectual Property Law by the US Congress, which will allow security lockouts to foreign websites that sell counterfeits, are some examples that show the seriousness of their intentions. However, their moves so far have proven ineffective in the fight against piracy as the market is on the rise. Also, on October 1, 2011, Japan and several other countries, including the USA, signed an agreement – the Anti-Counterfeiting Trade Agreement (ACTA), which intends to protect the right of intellectual property.
• $45billion – Automobile components and spare parts
• $169billion – Electronic devices
• $49billion - Food
• $12.5billion – Music
• $34billion – Toys for Children
• $200billion – Medicine
• $12billion – Footwear
• $12billion – Clothes
• $8.1billion – Videogames
• $8,5billion – Cable TV programs
According to the OECD, the USA with 20% tops the list of countries that record losses from the infringement of intellectual property rights. Others are, Italy -15%, Switzerland – 12%, Finland – 2%, France -%, China – 1%, Great Britain – 4%, Belgium – 2%, Spain – 2%, Japan – 8%, Germany – 8%, Luxembourg – 3%.
The USA is currently playing a role in combating piracy. Moves such as, shutting down 82 websites that counterfeit, on Cyber Monday, by the US Department of Homeland Security, on November 29, 2010, and making amendments to the Intellectual Property Law by the US Congress, which will allow security lockouts to foreign websites that sell counterfeits, are some examples that show the seriousness of their intentions. However, their moves so far have proven ineffective in the fight against piracy as the market is on the rise. Also, on October 1, 2011, Japan and several other countries, including the USA, signed an agreement – the Anti-Counterfeiting Trade Agreement (ACTA), which intends to protect the right of intellectual property.
VALUE OF CRYPTOCURRENCY OVER FIAT PAYMENT METHOD
Let us take a look at the benefits of cryptocurrency as a means of payment over fiat currency, since we plan to use our tokens as mean of payment to customers.
• In cryptocurrency transactions, there are no legal or geographical limitations
• Cryptocurrency transactions charge low fees, with an absence of commission or intermediaries
• Cryptocurrency payments can be made, 24 hours, all year long.
Let us take a look at the benefits of cryptocurrency as a means of payment over fiat currency, since we plan to use our tokens as mean of payment to customers.
• In cryptocurrency transactions, there are no legal or geographical limitations
• Cryptocurrency transactions charge low fees, with an absence of commission or intermediaries
• Cryptocurrency payments can be made, 24 hours, all year long.
WHAT WE OFFER
We think the problem of counterfeiting can be reduced to a minimum by offering the following solutions;
• Bringing rights holders and consumers together, thereby creating a reliable system of communication.
• Creating a system that eliminates the chances of tampering results, completely.
• Taking inordinate responsibility from consumers
• Giving intellectual property right holders an opportunity to compensate customers.
We think the problem of counterfeiting can be reduced to a minimum by offering the following solutions;
• Bringing rights holders and consumers together, thereby creating a reliable system of communication.
• Creating a system that eliminates the chances of tampering results, completely.
• Taking inordinate responsibility from consumers
• Giving intellectual property right holders an opportunity to compensate customers.
The benefits of the above points cut across various institutional sectors; Network owners, Franchises, Film studios, Rights holders, Producers and owners of retail brands, Musicians and Record labels, Developers and publishers of computer games, Governments, Consumers, Public organizations, etc. Our services will help decrease rights holder’s expenses and grow their revenues, allow consumers to purchase high quality products and at good prices, and on the flip side, decrease the rate of crime.
Note that our service is accessible to users from any country and there are no limitations, territory-wise.
Note that our service is accessible to users from any country and there are no limitations, territory-wise.
TERMS USED IN STOPTHEFAKES
• STFCoin Token
• Alert
• Request
• Requestor
• Reviewing
• Doer
• STFCoin Token
• Alert
• Request
• Requestor
• Reviewing
• Doer
Note that there is limited number of token and, at this stage, there are no planned additional issuance. Also, our mode of operation involves 4 stages and, potential offenders, as well as criminals will be discouraged from investing in illegal businesses because our services will be made public.
HOW OUR SERVICE WORKS
The quantity, size and name of each file in the system is recorded in the Alert, for additional recording and comparison purposes, and the system configures HS, a hash amount received from the Doer. Additionally, a block containing information from the alert to be sent to Blockchain, is configured by the Doer’s Module. The information includes, Request’s ID, HS entry, Date and time of recording, Date and time of sending, GPS coordinates of infringement, Doer’s ID, etc.
Our StopTheFakes.io system uses Inter Planetary File System (IPFS) network knots to generate a distributed file system for storing large amount of data, and an internal billing system is created to enable Doers and Requestors to create SUB wallets as well as make external payments.
The quantity, size and name of each file in the system is recorded in the Alert, for additional recording and comparison purposes, and the system configures HS, a hash amount received from the Doer. Additionally, a block containing information from the alert to be sent to Blockchain, is configured by the Doer’s Module. The information includes, Request’s ID, HS entry, Date and time of recording, Date and time of sending, GPS coordinates of infringement, Doer’s ID, etc.
Our StopTheFakes.io system uses Inter Planetary File System (IPFS) network knots to generate a distributed file system for storing large amount of data, and an internal billing system is created to enable Doers and Requestors to create SUB wallets as well as make external payments.
OUR TECHNOLOGY, RATINGS, POINTS CREDITING SYSTEM, AND GENERAL PRINCIPLES
Our team is currently developing an app for mobile platforms and a browser extension, and when the ICO is over, we will get others on board the development process, thus expanding our team. We also plan to launch new versions of our app, regularly.
Our rating system will reduce expenses on content reviewing as well as improve the quality of Alerts.
In crediting points, Refusals are awarded zero points for a Аlert notifying of an already known infringement, zero points for unconfirmed infringement, and a 1-point loss if the alert contains data that is inaccurate. A Doers’ account will be deleted without being able to re-register, if they are caught cheating, and where there is a complaint against a Doer, after making a case-by-case investigation, the Administration may blacklist the account.
The principles of our services include,
• Keeping track of Doer’ rating as well as updating it online.
• Doers receiving or loosing points for some actions.
• Doers and requestors being able to view the number of points a Doer has earned the latest modifications, and their rating.
• As a user gains more points, his position and earnings increase commensurately.
• This rating system applies to only Doers.
Our team is currently developing an app for mobile platforms and a browser extension, and when the ICO is over, we will get others on board the development process, thus expanding our team. We also plan to launch new versions of our app, regularly.
Our rating system will reduce expenses on content reviewing as well as improve the quality of Alerts.
In crediting points, Refusals are awarded zero points for a Аlert notifying of an already known infringement, zero points for unconfirmed infringement, and a 1-point loss if the alert contains data that is inaccurate. A Doers’ account will be deleted without being able to re-register, if they are caught cheating, and where there is a complaint against a Doer, after making a case-by-case investigation, the Administration may blacklist the account.
The principles of our services include,
• Keeping track of Doer’ rating as well as updating it online.
• Doers receiving or loosing points for some actions.
• Doers and requestors being able to view the number of points a Doer has earned the latest modifications, and their rating.
• As a user gains more points, his position and earnings increase commensurately.
• This rating system applies to only Doers.
APPLICATION OF BIG DATA
After the launch of our service, 12-16 months later, our software which we are currently developing, will have access to Big Data services.
Users will be allowed by Big Data Analysis to the analysis of the timeline of infractions, and the geographical spread of infractions, as well as compare the activities of offender's’ by brand, region, price range, merchandise, etc.
Big Data Analysis will also allow users to anticipate infractions, conduct marketing research and identify market trends, as well as other functionalities that are yet to be designed.
After the launch of our service, 12-16 months later, our software which we are currently developing, will have access to Big Data services.
Users will be allowed by Big Data Analysis to the analysis of the timeline of infractions, and the geographical spread of infractions, as well as compare the activities of offender's’ by brand, region, price range, merchandise, etc.
Big Data Analysis will also allow users to anticipate infractions, conduct marketing research and identify market trends, as well as other functionalities that are yet to be designed.
OUR TOKEN
Our STF token, exclusively designed for StopTheFakes, will be used on the Ethereum blockchain, and we will be issuing 29 million tokens. Our token will be called STFCoin and we will be exchanging at the rate of 1ETH:520STFCoins. Note that there will be no repeated or added issuance.
Our STF token, exclusively designed for StopTheFakes, will be used on the Ethereum blockchain, and we will be issuing 29 million tokens. Our token will be called STFCoin and we will be exchanging at the rate of 1ETH:520STFCoins. Note that there will be no repeated or added issuance.
OUR TOKEN SALE
Our STFCoins will be sold for ETH (Ethereum) and BTC (Bitcoin), and they will be sold during Pre-ICO’s and ICO’s. There will be no purchase restrictions.
Our STFCoins will be sold for ETH (Ethereum) and BTC (Bitcoin), and they will be sold during Pre-ICO’s and ICO’s. There will be no purchase restrictions.
SPENDING FUNDS COLLECTED AT PRE-ICOs AND ICOs
TOKEN DISTRIBUTION
ICO – 69% (20271000 tokens)
Pre- ICO – 4.5% (1305000 tokens)
Reserve funds - 10% (2900000 tokens)
Bounty + Affiliate programs – 5.6% (1624000 tokens)
Team – 5% (1450000 tokens)
Counselors /Advisors – 5% (1450000 tokens)
ICO – 69% (20271000 tokens)
Pre- ICO – 4.5% (1305000 tokens)
Reserve funds - 10% (2900000 tokens)
Bounty + Affiliate programs – 5.6% (1624000 tokens)
Team – 5% (1450000 tokens)
Counselors /Advisors – 5% (1450000 tokens)
OUR ROADMAP
June 2016 – The idea of StopTheFakes project
September 2016 – Formation of StopTheFakes concept
December 2016 – Analysis of copyright protection
April 2017 - Building token sale and blockchain development team
May 2017 - Negotiating on the service use terms with potential applicants
July 2017 - Development of the ERC-20-based token sales official website
September 2017 - Launching token distribution website
November 2017 - Community development, involving experts, spreading the idea
December 2017 - Launching service prototype
January 2018 - Launching mobile app prototype
-Token sales promotion stage
June 2016 – The idea of StopTheFakes project
September 2016 – Formation of StopTheFakes concept
December 2016 – Analysis of copyright protection
April 2017 - Building token sale and blockchain development team
May 2017 - Negotiating on the service use terms with potential applicants
July 2017 - Development of the ERC-20-based token sales official website
September 2017 - Launching token distribution website
November 2017 - Community development, involving experts, spreading the idea
December 2017 - Launching service prototype
January 2018 - Launching mobile app prototype
-Token sales promotion stage
- Alpha v.0.1 service release, its testing and debugging
March 2018 - Main stage of token sales - Main development stage
April 2018 - Submitting token to the stock exchange listing, initiating bidding - Launching Android app available for download
May 2018 - Launching Google Chrome and Opera extensions - Security audit. Vulnerability scanning
June 2018 - Service launch (hitting first 5,000 copyright violation detections) - Launching IOS app available for download
July 2018 - Launching Mozilla Firefox add-on
August 2018 - Engaging in close collaboration with major producers (agreement signing)
September 2018 - Reaching user count of 850 000 and a total of 40,000 breaches detected
June 2019 - Big Data implementation (expanding the range of services for Applicants)
August 2019 - Audience building (a total of 400,000 copyright infringements detected)
OUR TEAM
Mikhail Krzhanovsky - Co-Founder / Chief Executive Officer
Igor Salikov - Co-Founder / Chief Operating Officer
Aleksandr Suvorov - Chief Business Development Officer
Dmitry Kostachev - Chief Technology Officer
Aleksey Zhunin - Lead Backend, Blockchain Developer
Olga Belyakova - Chief Marketing Officer
Maria Dvoryanchikova- Chief Communications Officer
Svetlana Ustinova - Lead Designer
Maksim Kononenko - Social Media Community Manager
Mikhail Krzhanovsky - Co-Founder / Chief Executive Officer
Igor Salikov - Co-Founder / Chief Operating Officer
Aleksandr Suvorov - Chief Business Development Officer
Dmitry Kostachev - Chief Technology Officer
Aleksey Zhunin - Lead Backend, Blockchain Developer
Olga Belyakova - Chief Marketing Officer
Maria Dvoryanchikova- Chief Communications Officer
Svetlana Ustinova - Lead Designer
Maksim Kononenko - Social Media Community Manager
OUR ADVISERS
Igor Slabykh, Mikhail Gorshkov, Yevgeni Okhotsky, Vladimir Sokolov, and Andrey Zolin.
Igor Slabykh, Mikhail Gorshkov, Yevgeni Okhotsky, Vladimir Sokolov, and Andrey Zolin.
For more information about our company and project and also connect with other participants across the globe, please visit our various links below;
WEBSITE: https://stopthefakes.io/
TELEGRAM: https://t.me/stopthefakes
FACEBOOK: https://www.facebook.com/www.stopthefakes.io/
MEDIUM: https://medium.com/@stopthefakes
TWITTER: https://twitter.com/StopTheFakes_io
WHITEPAPER: https://stopthefakes.io/docs/WP_En.pdf
ANN THREAD: https://bitcointalk.org/index.php?topic=2370534
TELEGRAM: https://t.me/stopthefakes
FACEBOOK: https://www.facebook.com/www.stopthefakes.io/
MEDIUM: https://medium.com/@stopthefakes
TWITTER: https://twitter.com/StopTheFakes_io
WHITEPAPER: https://stopthefakes.io/docs/WP_En.pdf
ANN THREAD: https://bitcointalk.org/index.php?topic=2370534
Author by: thomas_sugiarto
https://bitcointalk.org/index.php?action=profile;u=1350842
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