Fractional Cryptographic Object Data Blocks for Rights of Publicity Management
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Solution Overview
Problem
The existing rights of publicity (RoP) regime is inflexible and lacks transparent valuation methods, making it difficult for individuals to manage and monetize their intangible personal rights, especially in the digital economy, where traditional methods are cumbersome and fail to adapt to changing online media landscapes.
Innovation Solution
A digital system and exchange that utilizes fractional cryptographic object data blocks, linked via cryptographic hashes and recorded on a private or semi-centralized ledger, allowing for secure and verifiable transfer and valuation of RoP, enabling efficient listing, trading, and monetization of RoP through tokens with unique identifiers and adjustable values based on attributes.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Reliability
If traditional sponsorship contracts are used to license RoP, then legal protection is provided, but flexibility and adaptability to market changes are lost
Solution Approach 1:
The patent segments RoP into fractional cryptographic data blocks that can be independently traded and managed. This allows the rights to be divided into smaller units that can be licensed through smart contracts with predefined terms, providing both legal protection through cryptographic verification and flexibility through granular control over different portions of the rights.
Solution Approach 2:
The patent implements dynamic RoP management through a digital exchange platform where licensing terms, durations, and values can be adjusted in real-time based on market conditions. Smart contracts automatically update licensing agreements without requiring cumbersome renegotiation, maintaining legal protection while adapting to market changes.
2Duration of action of moving object
If long term contracts are used for RoP licensing, then stable revenue is provided, but ability to adjust for brand growth is lost
Solution Approach 1:
The patent enables dynamic adjustment of RoP licensing terms through programmable smart contracts on the digital exchange. Contracts can be structured with built-in mechanisms for value fluctuation and term extension based on predefined performance metrics or market conditions, allowing both long-term stability and adaptability to brand growth.
Solution Approach 2:
The system incorporates feedback mechanisms where RoP value is continuously evaluated based on market determinations, social media metrics, and brand performance data. This feedback loops into automatic contract adjustments, ensuring long-term contracts remain aligned with current brand value without requiring manual renegotiation.
3Device complexity
If traditional RoP valuation methods are used, then simplicity is maintained, but transparent value evaluation is lacking
Solution Approach 1:
The patent introduces a digital exchange platform as an intermediary that provides automated, transparent valuation of RoP using standardized algorithms and market data. This intermediary layer handles the complexity of valuation transparently while presenting simplified interfaces to users, resolving the contradiction between system complexity and evaluation transparency.
Solution Approach 2:
The patent replaces traditional manual RoP valuation methods with automated cryptographic and algorithmic valuation systems. Smart contracts and oracle mechanisms automatically determine RoP value based on objective market data, eliminating subjective assessment while maintaining system simplicity through automated processes.
4Ease of operation
If RoP are managed through centralized systems, then ease of operation is provided, but security and authenticity validation are weakened
Solution Approach 1:
The patent employs a hybrid architecture where a centralized digital exchange interface provides ease of operation for users, while cryptographic ledgers and blockchain technology provide decentralized security validation. The exchange acts as an intermediary that simplifies user interaction while relying on cryptographic protocols for authentic ownership validation.
Solution Approach 2:
The system implements different quality characteristics in different layers: the user interface layer provides centralized ease of operation, while the data validation layer provides decentralized cryptographic security. Each layer is optimized for its specific function, resolving the contradiction between operational simplicity and security reliability.
Data Source
AI summary
A system and digital exchange for managing intangible personal rights includes at least a first and second object each including at least one object identifier, at least a first and second group of fractional cryptographic object data blocks each associated with the first and second objects, and a digital exchange. The fractional data blocks contain a value as well as a unique identifier and key associating the object data block with its respective object. Each data block is linked with a plurality of data blocks via cryptographic hashes. The digital exchange comprises a first user associated with at least one fractional object data block, a first table including at least one object and fractional object data blocks, and a second user. The first user authorizes the transfer of at least one fractional object data block to the second user and an exchange transaction is created to verify and authenticate the transfer.