Media Codec Containers With Embedded Crypto Payment Execution
Find Innovative SolutionsGenerate Solutions
Solution Overview
Problem
The existing systems for media distribution fail to provide a unified and timely method for payment to various parties with monetary claims to intellectual property rights, especially in the context of digital streaming, leading to inefficiencies for creators and rights holders.
Innovation Solution
Integration of Turing-complete bytecode language-based instructions into media codecs and containers to execute contractually agreed financial transactions using cryptocurrencies via cryptoeconomic state machines, ensuring real-time payment to relevant parties.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Speed
If digital streaming is used for media distribution, then consumers benefit from instantaneous consumption and ease of sharing, but creators and rights holders face delays and inefficiencies in receiving payment
Solution Approach 1:
The patent combines media delivery and payment processing into a single integrated transaction. The smart contract embedded in the media file executes both the delivery of media content and the transfer of cryptocurrency payments simultaneously, eliminating the temporal separation between consumption and compensation that plagues traditional streaming systems.
Solution Approach 2:
The system enables self-executing payment transactions through smart contracts that automatically process compensation to rights holders without requiring manual intervention. The contract code embedded in the media file autonomously identifies rightful recipients and executes payment distribution based on pre-established terms, removing administrative overhead and delays.
2Ease of operation
If traditional payment systems are used for media distribution, then payment can be processed through centralized systems, but there is no unified and timely system for distributing payments to multiple parties with monetary claims
Solution Approach 1:
The patent introduces smart contracts as intermediary code that mediates between media delivery and payment distribution. This contract layer automatically manages the complexity of identifying multiple rights holders, calculating their respective shares, and executing payments, thereby simplifying the user experience while handling the underlying computational complexity.
Solution Approach 2:
The smart contract system serves multiple functions simultaneously: it acts as a payment processor, a rights holder registry, a distribution algorithm executor, and a transaction ledger. This multi-functionality consolidates what would otherwise require multiple separate systems into a single unified mechanism.
3Reliability
If contractual restrictions are enforced through external systems, then payment terms can be monitored, but the system requires separate infrastructure for contract execution
Solution Approach 1:
The patent merges contract execution logic directly into the media file structure. The smart contract code is embedded within the media container format, combining the media delivery mechanism and the contract enforcement system into a single integrated unit, thereby reducing infrastructure complexity while maintaining reliable enforcement.
Solution Approach 2:
The system performs preliminary encoding of smart contract instructions into the media file during creation. This advance preparation embeds the enforcement logic beforehand, so that when the media is streamed, the contract terms are already prepared and ready for automatic execution without requiring external contract management infrastructure.
Data Source
AI summary
Systems and methods for enabling and enforcing cryptocurrency transactions associated with at least a portion of data are provided. Systems and methods may include a cryptocurrency transaction service, the cryptocurrency transaction service including one or more transaction servers and one or more ledger processing devices. At least one streaming server configured to associate at least a portion of data with a cryptocurrency transaction and to transmit the at least a portion of data may be provided. A client device may be provided, the client device being configured to receive the at least a portion of data from the streaming server, wherein at least one of the client device and at least one streaming server are configured to initiate a cryptocurrency transaction with the cryptocurrency transaction server based at least in part on the association between the at least a portion of data, the cryptocurrency transaction, and the cryptocurrency transaction service.