Digital Asset Registry for E-Used Media Resale
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Solution Overview
Problem
The market for digital media lacks a secondary or tertiary revenue stream for publishers and consumers, as existing systems do not facilitate the resale or lending of digital assets, and accurately tracking and insuring valuable media collections is difficult, especially for frequently changing items like music and movies.
Innovation Solution
A comprehensive e-commerce system and registry infrastructure that enables the resale and lending of digital assets, allowing publishers to control the e-used market, track transactions, and provide insurance for digital media collections, with mechanisms for accurate appraisal and replacement of lost or stolen items.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Productivity
If a comprehensive e-commerce system enables resale and lending of digital assets, then additional revenue streams are created for publishers and consumers, but the system complexity increases significantly
Solution Approach 1:
The patent introduces a registry system as an intermediary that manages the complexity of digital asset tracking, ownership verification, and transaction coordination. This centralized registry acts as a mediator between publishers, consumers, and e-tailers, enabling resale and lending functions without requiring each participant to manage the entire system complexity independently.
Solution Approach 2:
The system segments the complex e-commerce platform into distinct functional modules: a registry for tracking and verification, an appraisal system for valuation, an insurance mechanism for protection, and multiple e-tailer storefronts for transactions. This segmentation allows each component to handle specific tasks independently, reducing overall system complexity while enabling diverse revenue streams.
2Measurement precision
If accurate tracking of digital media collections is implemented, then insurance and appraisal accuracy improve, but the difficulty of registration and updating increases
Solution Approach 1:
The registry system enables consumers to self-register and self-update their digital media collections by simply interacting with their existing e-tailer accounts. When consumers purchase digital assets through participating e-tailers, the system automatically tracks and records these acquisitions without requiring manual registration or updating by the consumer, making the process seamless and effortless.
Solution Approach 2:
The patent merges the tracking function with the existing e-tailer purchase and licensing systems. The registry integrates with e-tailer storefronts to automatically capture transaction data, device information, and asset details, eliminating the need for separate manual tracking processes. This integration combines multiple functions (purchase, tracking, valuation, insurance) into a unified system that operates automatically in the background.
3Productivity
If a registry system tracks all digital asset transactions, then post-acquisition revenue opportunities are enabled, but the measurement and detection complexity increases
Solution Approach 1:
The registry system implements feedback mechanisms that automatically detect and record digital asset transactions through integrated e-tailer systems. When a consumer purchases or resells digital assets, the system receives feedback data from the e-tailer's licensing and transaction systems, automatically updating the consumer's asset registry without requiring active monitoring or manual detection by the consumer or publisher.
Data Source
AI summary
A computing system including a communication layer, including client web services managing communication with client computers, including a message parser, a message validator, and a message authenticator, and a computing engine layer, including a registrar that (i) registers purchase of a digital asset by a first consumer, (ii) generates a dated record of title to the first consumer for the digital asset, (iii) receives a resale permission message for the digital asset from the first consumer, via the client web services, whereby the permission message is parsed, validated, and authenticated by the client web services, (iv) further registers purchase of the digital asset by a second consumer, and (v) further generates an updated record of title for the digital asset to the second consumer.