With technologies like blockchain fostering digital innovation at an unprecedented rate, many industry experts predict that the creative domain will continue to evolve as society at large keeps progressing. However, this rapid advancement within the area of Intellectual Property (IP) has brought along with it many challenges pertaining to outdated infrastructure, information asymmetry and archaic centralized governance models.
Ink is an all-new decentralized solution that brings together the best aspects of the Consortium Blockchain and merges them with other public networks. In addition to this, Ink offers a high degree of cross-chain Interoperability that allows creativity to flourish.
The platform uses a decentralized content production system that is highly intuitive as well as quite user-friendly. Additionally, all internal transactions and processes are governed by a native token that ensures Ink can be scaled and operated at any level, from a small business to a large industrial setting.
In terms of its functionality, this platform aims to redefine roles, content, and behavior within the industry, so as to create a transparent ecosystem where a vast array of dApps can be created and correlated with each other. Since the entire setup is based on a credible and stable public blockchain, Ink will offer customers an Intellectual Property Asset Exchange that will serve as a trusted corridor for content-to-liquid-asset conversion and token issuance.
Overview of Ink
- Offers users an integrated platform that incorporates cross-chain protocols for better overall functionality
- Serves as an Intellectual Property Asset Exchange
- Highly scalable design that can be used with a wide array of applications
- Comes with a blockchain copyright registration module that assists in the distribution of digital cultural assets in a regulated and fair manner
- Provides users with a developed and polished ecosystem
Ink provides users a whole range of blockchain solutions that can help facilitate and foster digital creative exchange in a streamlined manner. The platform also seeks to rectify many of the problems that exist within the creative industry today by implementing pertinent technological solutions.
Overview of the Ink Ecosystem (courtesy of the official whitepaper)
Some of the key functional aspects of this service include:
- Fast IP rights verification
- Free and hassle-free trading of cultural assets
- Unrestricted communication of specific data-values and technical information
- Creation of an ecosystem that supports the global cultural industry
Intellectual Property (IP) exchange model employed by Ink
Additionally, the implementation of a sovereign consortium chain allows Ink to help specific cultural industries, and in turn facilitates the creation of:
- A stable IP assets trading platform
- A commercialized monetary protocol
- A token management system
Lastly, owing to the use of cross-chain interaction modules, Ink is able to assist in the free exchange of essential data sets between public chains and the consortium chain.
How does Ink work?
Ink’s Sovereign Consortium Blockchain is essentially a collection of high-performance permissioned blockchain solutions. In terms of its digital architecture, the underlying framework employs standards that are maintained by the Hyperledger project.
Overview of the working model used by the platform (courtesy of the official whitepaper)
To cater to generic application scenarios, Ink comes with a host of customization and enhancement modules that allow it to meld and change according to the needs of the user. The consortium blockchain used by this platform implements a digital certificate mechanism that assists in the regulation of issues such as:
- Identification verification
- Permission control
Additionally, the CA node within this structure serves as the PKI service enabler. As a result, Ink is able to issue identity certificates in advance to various corresponding entities in real time. Lastly, the native blockchain is able to simultaneously control the access levels of multiple entities and even manage resource allocation using a fine-grained embedded policy structure.
Who is behind this project?
With the immense commercial interest that Ink has been generating in the past couple of months, it can be beneficial for readers to have a look at the people behind this venture.
The founder and CEO of this project is Walter Komarek. Walter has been in the digital domain for nearly two decades and is also the president and managing partner of Forbesfone, the largest telco provider in the nation of Malta. Additionally, he is the CEO of a company called Angel Investment that is based out of Europe.
Yukikawa Yuu is the cofounder of Ink. He has been in the blockchain sector for over 8 years and has been involved with crypto startups like Zaif since their inception. Yuu holds double degrees in law from Waseda University and international relations from Peking University. Lastly, he has played an active part in the Japanese television industry and has hosted shows such as:
- Up and Up, Young Man!
- Day Day Up
Since its launch back in November 2017, INK tokens have remained relatively stable in value.
INK token lifetime performance history (courtesy of Coinmarketcap)
When it was launched, the price of a single token was around US$0.28. The currency hit a high on December 20 when the price of a single coin scaled up to an impressive US$0.949. However, since then its value has dropped quite significantly, and the price stands at around US$0.16 as of March 5.
With Ink promising to deliver a platform that can help change the way IP exchange is done in certain contexts, it would not be surprising to see this technology start to gain more traction internationally, especially within more developed nations across Europe.
However, as with all investments, users should do a bit of research by themselves before they put money into this currency.
If you would like to invest in INK, trading pairs are offered on Bitz, LBank, CoinEgg, and elsewhere.