Po.et Coin is a cryptocurrency operating on the Ethereum platform. It is designed to facilitate content development and incentivize earnings. Po.et, defined as an open, universal ledger, records fixed and timestamped information about creative content. It utilizes open protocols that work in accordance with existing standards in the media and publishing sectors.
Po.et (POE) is a decentralized, open, universal ledger designed to record metadata and ownership information for digital creative assets. By creating a platform on the Bitcoin blockchain, it aims to establish a globally verifiable record of digital media assets. This record is referred to as a framework for creating smart, interactive media applications using a shared, standardized, and extensible metadata format.
Po.et is described as a decentralized protocol utilizing Bitcoin and IPFS, allowing anyone to make claims on Po.et and have them verified. The Po.et team also facilitates the use of different software packages to facilitate interaction with the Po.et Protocol.
Po.et benefits from the proven, secure, and immutable nature of the Bitcoin blockchain. The Po.et network collects transactions, significantly reducing transaction costs.
Furthermore, potential applications that can be built using the Po.et Protocol include creating search engine ranking systems by selecting reliable curators using high-quality content, verifying the originality of content creators’ work to help them earn more money, ensuring brands’ logos are only used for approved content pieces, facilitating communication with initiatives to protect intellectual property from being claimed by others, and establishing a verifiable chain of oversight in academic articles.