System for encrypting digital objects

System for encrypting digital objects

System overview:

Collaborative creation: The system supports multiple content creators to jointly create digital works, by uploading their respective digital content and collaboratively editing to generate the final work.

Copyright management: Use blockchain technology to cast non-fungible tokens (NFTs) containing digital object references, and manage the distribution of author identity shares of digital objects through smart contracts to ensure copyright ownership and rights distribution.

Monetization mechanism: Through online auction of NFTs and smart contracts to manage royalties, digital objects can be monetized, and authors can extract income according to their contribution ratio.

Technical implementation:

Blockchain application: The system uses the immutability and transparency of blockchain to record the ownership and transaction history of digital objects to ensure copyright security.

Smart contracts: Smart contracts automatically execute rules such as copyright distribution and income extraction, reduce arbitration and execution costs, and improve transaction efficiency.

Animated digital frames: Associate digital objects with dynamically updated animated digital frames to enhance user experience and increase the viewing and attractiveness of digital objects.

Operation process:

Upload and association: Content creators upload digital content and associate it with a unique project identifier. The system stores this content and allows creators to edit it collaboratively.

Minting NFTs: After completing a digital work, the system casts an NFT containing a reference to the digital object and records it on the blockchain.

Smart contract creation: Based on the author's identity share allocation, a smart contract is created to specify partial ownership of the digital object and manage related revenue.

Auction and transfer: NFTs are sold through online auctions, ownership transfers are recorded on the blockchain, and revenue is distributed according to smart contract rules.

Features:

Geo-NFTs: NFTs issued based on the user's geographic location, increasing interactivity and scarcity.

Mystery NFTs: NFTs whose content is kept secret until unlocked at a specific time or under certain conditions, increasing expectations and mystery.

Popularity updates: Animated digital frames are updated based on the popularity of digital objects, such as the number of views or likes, to enhance user experience.

System architecture:

Distributed computer system: including project management logic, digital creation logic and data storage logic, processing the upload, editing and storage of digital content.

Blockchain network: the main blockchain and side blockchain are used for different transaction costs and requirements respectively to ensure transaction efficiency and system scalability.

Third-party database: such as InterPlanetary File System (IPFS), used to store digital objects and metadata to ensure data security and accessibility.

Economic benefits:

Initial payment and royalties: the author can extract revenue from the initial auction and subsequent resale of NFT, and the platform charges a certain percentage of commission.

Automated revenue distribution: smart contracts automatically distribute revenue according to preset rules, reducing manual intervention and disputes.

Application prospects:

Wide applicability: the system can be applied to the creation and trading of various digital content, such as audio and video, music, digital images, etc.

Innovative business model: through NFT and smart contract technology, provide digital content creators with new business models and profit channels

Short answer question summary:

What is the main purpose of the system?

The main purpose of the system is to support the collaborative creation, copyright management and monetization of digital content, ensure copyright security, transparently distribute revenue through blockchain and smart contract technology, and provide new business models for digital content creators.

What is the role of non-fungible tokens (NFTs) in the system?

NFTs serve as unique identifiers for digital objects in the system, recording the ownership and transaction history of digital objects. By casting NFTs containing references to digital objects, the system achieves copyright protection and ownership transfer of digital objects.

What role do smart contracts play in the system?

Smart contracts automatically execute rules such as copyright distribution and revenue extraction in the system, reducing arbitration and execution costs and improving transaction efficiency. It allocates partial ownership of designated digital objects based on author identity shares and manages related revenue.

What are the special features of animated digital frames in the system?

Animated digital frames are associated with digital objects and can be dynamically updated based on the popularity of digital objects, such as the number of views or likes, to increase the viewing and attractiveness of digital objects. This feature improves user experience and increases the interactivity of digital objects.

How does the system handle the copyright ownership and revenue distribution of digital content?

The system records the ownership and transaction history of digital objects through blockchain to ensure the transparency and security of copyright ownership. Smart contracts automatically distribute the revenue of digital objects according to the author identity share distribution rules, reducing manual intervention and disputes.

What are Geo-NFT and Mystery NFT in the system?

Geo-NFT is an NFT issued based on the user's geographic location, which increases interactivity and scarcity; Mystery NFT is an NFT whose content is kept confidential before being unlocked at a specific time or condition, which increases the sense of anticipation and mystery. These two NFTs add fun and appeal to the system.

What are the main components of the system architecture?

The system architecture includes a distributed computer system (including project management logic, digital creation logic, and data storage logic), a blockchain network (main blockchain and side blockchain), and a third-party database (such as the interstellar archive system IPFS). These components work together to handle the uploading, editing, storage, copyright management, and trading of digital content.