Marketers estimate that companies will spend about $600,000 billion on advertising goods and services in the last year. These expenses are not cost-efficient, though. According to the Organization for Economic Co-operation and Development (OECD, http://www.oecd.org/), counterfeits worth $461 billion will be sold in the world, and this is only a low estimate. Havocscope, a project specialized in the study of the black market, reports that the volume of counterfeit medicines alone amounts to some $200 billion.
Some experts evaluate the upper threshold of losses at $1.7 trillion.
The sale of counterfeit products, copyright infringement and illicit use of commercial brand names is the primary source of income for organized crime.
Specialists at the OECD estimate that up to 2.5% of all goods carried by water, air, railway and automobile transport are fakes. These figures go up to 5% in EU countries. Click here to view the full report of the OECD on counterfeiting.
Not only right holders, but also consumers suffer from violations of intellectual property rights. No perpetrator will invest into the production of fake goods and the subsequent quality control as much money as the originator.
The situation can be improved by bringing together consumers and right holders. There is no way criminals could oppose such a union. However, the following problems need to be dealt with in order to carry out this plan:
Provide both consumers and right holders with a reliable communication system Protect the consumer and absolve him or her from excessive responsibility Give right holders an opportunity to reward and incite consumers Create a system that would completely rule out the possibility of playing around with the results
Taking into consideration the above-mentioned facts and using potential offered by Blockchain technology, we want to create a project that would provide answers to all of the above questions.
We want to create not only an operating system, but a new market sector that would take the protection of intellectual property rights to a whole new level. The final outcome of our work is, in our view, a radical change in the situation resulting in new patterns of relations, in which the right holders’ expenses decrease and revenues grow, while crime rates decrease and consumers purchase more high- quality products at an affordable price.
Requestors can purchase tokens on cryptocurrency stock exchanges. CPS tokens are used to pay for all the services of the project, ranging from commission fees for alerts to the generation of a complaint, provision of data obtained after data analysis, etc.
The more requests the Project will process, the higher the commission fee will be, the number of tokens in circulation will go down and demand for them will increase. This will result in the rise of CPS against fiat money and other cryptocurrencies.
The stronger the token will be, the more people will be willing to purchase the CPS token gradually causing its deficit which will consequently lead to an increase in its rate.
The Project’s Administration reserves the right to modify the maximum and minimum amount of the remuneration payable to the Executor depending on the exchange rate of the token to fiat currencies. The aim is to stimulate demand from right holders by keeping the cost of services within a specific framework.
Ethereum-based tokens are being created to ensure full functionality of the service. We intend to use the existing Ethereum blockchain; there are no plans to create our own blockchain. Smart contracts protect the service from unauthorized access, fraud and other illegal interventions.
CPS is a functional token specifically designed for use on the CPS platform. In other words, it allows users in the CPS platform to receive and send signals informing of infringements.
Token name: CPS token
Token symbol: CPS
Token type: Utility token, ERC-20, Ethereum
Total Max supply: 32'000'000 CPS
Rate of exchange: 1 Ethereum = 2500 CPS tokens
The distribution of issued tokens and raised funds is shown in charts below.
|June 2018||The Idea of the CPS
Copyright protection analysis
|April 2019||Building blockchain development team|
|May 2019||Launching token distribution website|
|June 2019||Launching mobile Android app prototype
Launching service prototype
|August 2019||Betta service release.
Testing and debugging
|September 2019||Main development stage
Submitting token to the stock exchange listing.
|October 2019||Launching Android app available for download
Launching Google Chrome and Opera extensions
|December 2019||Service launch!
Hitting first 1,000 copyright violation detections
|January 2020||Launching IOS app available for download
Launching Mozilla Firefox add-on
|Q1 2020||Engaging in close collaboration with major producers|
|Q2 2020||Expanding the range of services for Applicants|
|Q3 2020||Аudience building
A total of 400,000 copyright infringements detected
Allen coordinates the general management of the team, comes up with new ideas and is responsible for team building.
Tanya is responsible for CPS company’s public relations, communication in social networks and other media. She has seven years of experience in PR and public communications.
Jason is responsible for technical side of the project in CPS team. He has over 9 years of working experience as a software developer and three years of experience working with Blockchain.
Daniel is responsible for Blockchain development and implementation. He was involved in developing backend solutions for many blockchain projects.
All other trademarks or registered trademarks are the property of their respective owners.