Blockchain Platform for Creative Project Management and Residual Tracking
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Solution Overview
Problem
Small creative producers outside of the traditional studio system face challenges in accessing comprehensive organizational software for film and media production, as existing solutions are inadequate, non-scalable, and fail to integrate financial and legal aspects with decentralized ledgers, leading to issues with intellectual property rights and residual payments.
Innovation Solution
A computerized method and platform that provides a mobile and web application for managing creative projects, including team collaboration, contract management, scheduling, budgeting, and payment execution, using a decentralized ledger to record smart contracts and ensure fair residuals for creators, eliminating the need for intermediaries and protecting intellectual property rights.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Adaptability or versatility
If traditional studio systems control distribution through exclusive contracts, then major studios maintain market dominance, but smaller producers are shut out from distribution channels
Solution Approach 1:
The patent introduces blockchain technology as a neutral intermediary that enables direct peer-to-peer transactions between creators and distributors, eliminating the need for traditional studio intermediaries. Smart contracts automatically enforce distribution agreements on the blockchain, allowing smaller producers to access distribution channels without relying on exclusive studio contracts.
Solution Approach 2:
The patent extracts the distribution function from traditional studio systems and places it on a decentralized blockchain platform. By taking out the intermediary role of studios and replacing it with automated smart contracts, the system enables direct access to distribution channels for independent creators while maintaining market stability through transparent, immutable agreement enforcement.
2Adaptability or versatility
If piecemeal services are offered by different websites, then specific functions are available, but comprehensive project management is inadequate
Solution Approach 1:
The patent merges multiple previously separate services (project management, contract management, payment processing, and distribution) into a single integrated blockchain-based platform. All these functions are combined into unified smart contracts that automatically coordinate across the entire production and distribution workflow, eliminating the need for creators to use multiple separate tools.
Solution Approach 2:
The patent creates a universal platform that performs multiple functions through a single blockchain infrastructure. The same smart contract system that manages project agreements also handles payments, tracks distribution, and enforces intellectual property rights, providing comprehensive project management capabilities across diverse creative industries.
3Reliability
If contracts are agreed upon before project initiation, then intellectual property rights are established, but disputes and fraudulent profiteering still occur
Solution Approach 1:
The patent implements continuous verification of contract terms throughout the entire project lifecycle using blockchain technology. Rather than relying solely on pre-project agreements, smart contracts continuously monitor and verify that all actions (payments, deliveries, rights transfers) comply with the agreed terms, providing ongoing enforcement and transparency.
Solution Approach 2:
The patent introduces automated feedback mechanisms where smart contracts continuously monitor project progress and automatically enforce agreement terms. The blockchain provides real-time feedback on whether contractual obligations are being met, and automatically triggers consequences (such as payment releases or rights transfers) when conditions are satisfied, eliminating the need for manual verification.
4Productivity
If digital masters are distributed without encoded contract information, then distribution is simple, but fraudulent profiteering and residual payment issues arise
Solution Approach 1:
The patent embeds contract information and payment terms directly within the digital master file itself, creating a nested structure where the contractual agreement is contained inside the media file. This allows the distribution system to automatically extract and enforce payment terms from the file metadata, ensuring that residual payments are accurately tracked and distributed without requiring separate contract management.
Data Source
AI summary
This system provides platforms to manage both the creation and distribution of creative content through a distributed ledger that encodes both the unique creative asset on a blockchain and the contracts of the creators and shareholders for said product. The platform allows creators to make and join projects, manage the production aspects of the project, organize the legal documents and permissions, and conclude the project with payments and a finished product. The apparatus additionally allows for creators and investors to accrue capital in the company through an allocation system that encourages the capitalization of creators. The management system allows creators to work on projects and track ownership to receive residuals on subsequent sales. All creative content whether individual or group, physical or digital, live recorded performance or any other artistic creation can associate the work with a code to create an original or authorized copy to distribute.