About StopTheFakes
We are presenting you StopTheFakes, the world’s first decentralized service to detect counterfeiting and infringement of intellectual property rights, copyright, and relevant rights. Our project aims to bring together right holders and consumers in their fight against piracy products and content. Companies will have the opportunity to detect, localize and document violations of their rights quickly and efficiently, and law-abiding consumers will be rewarded for their assistance in combating piracy.
Our team is on an ambitious mission: to create a global system facilitating the fight against counterfeiting and piracy all over the world. Our goal is to minimize the cost of detecting violations and help brand owners to come into direct contact with consumers. Fighting against violations of intellectual property rights will result in reduced advertising expenses and increased profits for law-abiding companies while hitting organized crime hard.
Our short-term plan is to build a system that will destroy the multi-billion counterfeit market. The Blockchain technology was initially developed to exclude the possibility of counterfeiting, changing or altering information about transactions. Most transactions carried out in the world are related to the sale of goods and services. We want to enforce law and transparency on the global market and strive to provide small companies and private entrepreneurs with the same opportunities to fight counterfeiting that only big brands can afford now.
Features
We took an interest in the problem of intellectual property rights over a year ago. At first glance, this may seem like a boring topic to take an interest in. Someone selling fake Louis Vuitton bags or uploading pirated films onto the Internet…so what? However, this topic is far more interesting and far more important that it may seem at first. Counterfeiting kills hundreds of children in South-East Asia; children get sick with malaria, their families take a long time to find the money to buy expensive medication…and it turns out that the medication is a fake. In fact, one in three medications sold is a copy.
Technical Info
Technical details:
STF tokens are ERC-20 compatible tokens distributed on the Ethereum blockchain pursuant to a related ERC-20 smart contract
The source code: https://github.com/StopTheFakes/crowdsale-token/blob/master/crowdsale-token.sol
StopTheFakes Roadmap
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June 2016
- The Idea of the StopTheFakes Project
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September 2016
- Service concept formation
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December 2016
- Analysis of the issues relating to the protection of intellectual property rights
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April 2017
- Formation of the token sales and blockchain development team