CreativeCoin

Creativechain registers content with a system that is capable of issuing “smart contracts” to make work assignment agreements. A smart contract acts as an informatic program that facilitates, secures, enforces and executes agreements between individuals and organizations. These contracts are signed cryptographically between the parties and are intended to provide greater security than traditional contract law and reduce transaction costs along the process of contracting. Creativechain’s smart contracts mean a huge saving of time and money for artists, producers, institutions, organizations or galleries working in the culture sector.

Contracts can be public or encrypted and guarantee that the two parties accept the conditions. With the smart contracts of Creativechain any person can make sure that the purchaser of the assignment of rights has enough money to be unlocked at the time of the signing and registration.