Blockchain Crypto Asset Allocation Tracking System
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Solution Overview
Problem
Current blockchain-enabled crypto asset systems lack effective mechanisms for users to control advertiser access to personal data, compensate users for social amplification, and track asset allocation efficiently, particularly in the music and entertainment industry, where industry rights management and compliance monitoring are critical.
Innovation Solution
A blockchain-enabled crypto asset system that allows users to control personal data access, provides compensation for social amplification, and tracks asset allocation through a remote computer-based service system, client devices, and non-transitory applications, enabling users to interact with a user blockchain for data management, advertisement targeting, and compliance monitoring.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Measurement precision
If blockchain technology is implemented for tracking crypto asset allocation, then transparency and traceability of asset distribution are improved, but system complexity and computational requirements increase
Solution Approach 1:
The patent segments the blockchain system into distinct functional modules: a song list generation algorithm that creates ordered lists of media content hashes, a blockchain-enabled smart contract that receives and validates these lists, and a transaction ledger that records asset allocations. This segmentation allows each component to be optimized independently while maintaining overall system transparency for asset tracking.
2Productivity
If smart contracts are used to automate compliance monitoring and rights management, then operational efficiency and compliance accuracy are improved, but implementation complexity and development costs increase
Solution Approach 1:
The patent implements self-service through automated smart contracts that autonomously monitor compliance and manage rights without requiring manual intervention. The song list generation algorithm automatically creates content references, the smart contract automatically validates these against compliance rules, and the transaction ledger automatically records all asset allocations. This automation significantly improves compliance monitoring efficiency while the modular design keeps implementation complexity manageable.
3Reliability
If user data control mechanisms are implemented allowing users to manage personal data access, then user privacy and data security are improved, but system architecture complexity and data access overhead increase
Solution Approach 1:
The patent introduces an intermediary layer between users and advertisers through the blockchain system. Users maintain control of their personal data through the transaction ledger, which records all data access transactions immutably. Advertisers must go through the smart contract intermediary to request and access user data according to predefined compliance rules. This intermediary mechanism enhances user data security while the automated validation processes minimize additional system complexity.
4Productivity
If crypto asset compensation systems are implemented for social amplification, then user engagement and content promotion are improved, but transaction processing complexity and network overhead increase
Solution Approach 1:
The patent applies preliminary action by pre-generating ordered song lists with content hashes and references before actual asset distribution occurs. The song list generation algorithm creates these reference structures in advance, allowing the smart contract to quickly validate and process compensation transactions without complex real-time computations. This preliminary preparation significantly improves content amplification efficiency while reducing transaction processing complexity during actual crypto asset distribution.
Data Source
AI summary
Blockchain-enabled crypto asset systems allow a user to control how advertisers access the user's personal data; allow crypto asset compensation in exchange for social amplification; and track asset allocation. Asset allocation tracking is made the focus of these specifications. Payments made via blockchain tracking, and the distribution of any revenues derived from cost savings provided to terrestrial, satellite or digital radio broadcasters back to music rights holders and other related groups are provided. These rights holders typically like to incentivize consumers, and by using the crypto assets or tokens created by the present invention, a reward for listening/consuming may be provided. Further, payments for industry services to the rights holder are contemplated to include, but not be limited to any Performance Rights Organizations (PROs), Record Labels, Publishing Companies—Administrators, Managers, Agents or any fractional rights holders or owners who would hold claim against any such revenues.