Global copyright infringement is a massive problem. The total counterfeit market is valued at over $461 billion according to the Organisation for Economic Co-operation.
Currently copyright holders and regulatory agencies are required to spend hundreds of millions of dollars in order to detect infringements of IP rights. Unfortunately, despite the huge amounts that are being spent on detection, their efforts have largely been unsuccessful.
The producers of fake products are agile and nimble. They are well organised and and able to rapidly setup new lines of fake goods.
Among that many benefits of the blockchain is the ability to create a transparent and immutable record of ownership. This has obvious potential benefits for helping to fight IP infringement.
StopTheFakes.io is a new blockchain startup which wants to apply blockchain technology to exactly that purpose. If successful it would make it much easier to identify where IP is being violated, no matter where the producer of fake products is located in the world.
StopTheFakes plans to setup and interplanetary file system (IPFS) which will enable the creation of a large database of IP rights in a way which is decentralised and scalable.
In order to make payments to using this platform the STFCoin will be employed. This is a native token to the StopTheFakes platform which has been created on the Ethereum blockchain. The STFCoin will be distributed in a public token sale.
Key Details About The STFCoin Token Sale
Token sale start date: March 21st 2018
Token sale end date: April 21st 2018
Number of tokens being distributed: 20,0271,000
Token exchange rate: 2400 STF = 1 ETH
StopTheFakes Website: https://stopthefakes.io/
StopTheFakes Whitepaper: https://stopthefakes.io/docs/WP_En.pdf
StopTheFakes Twitter: https://twitter.com/StopTheFakes_io
StopTheFakes Facebook: https://www.facebook.com/www.stopthefakes.io/