18148884. NON-FUNGIBLE TOKEN WATERMARKING MANAGEMENT SYSTEM simplified abstract (eBay Inc.)
Contents
NON-FUNGIBLE TOKEN WATERMARKING MANAGEMENT SYSTEM
Organization Name
Inventor(s)
Tsun Kwan Donald Siu of Fremont CA (US)
NON-FUNGIBLE TOKEN WATERMARKING MANAGEMENT SYSTEM - A simplified explanation of the abstract
This abstract first appeared for US patent application 18148884 titled 'NON-FUNGIBLE TOKEN WATERMARKING MANAGEMENT SYSTEM
The abstract describes methods, systems, and computer storage media for providing a smart-contract-based watermarking service for NFTs. This service involves programming smart contracts to display and remove digital watermarks on digital assets.
- Request to execute a watermark-mining operation on a digital asset is accessed, including digital watermarking request attributes.
- Digital asset and digital watermark are accessed based on the request attributes.
- The digital asset is minted as a non-fungible token associated with the digital watermark and a smart contract controlling the display of the watermark.
- Notification is communicated indicating the watermark-minting operation has been executed.
- Smart contract is used to authorize display of the digital asset without the digital watermark based on specific request attributes.
Potential Applications: - Digital asset protection through watermarking. - Authenticity verification for digital assets. - Intellectual property rights management for digital content.
Problems Solved: - Preventing unauthorized use of digital assets. - Ensuring traceability and ownership of digital content. - Enhancing security and trust in digital transactions.
Benefits: - Improved protection of digital assets. - Streamlined process for adding and removing watermarks. - Enhanced control over the display of digital content.
Commercial Applications: Title: Smart Contract Watermarking Service for NFTs This technology can be utilized by digital content creators, online marketplaces, and intellectual property rights holders to secure and manage their digital assets effectively. It can also be integrated into blockchain platforms to enhance the authenticity and value of NFTs.
Prior Art: Researchers and developers in the fields of blockchain technology, digital rights management, and cryptography may have explored similar concepts related to smart contract-based watermarking services for digital assets.
Frequently Updated Research: Ongoing research in blockchain security, digital asset management, and NFT technology may provide further insights into the optimization and scalability of smart contract-based watermarking services.
Questions about Smart Contract Watermarking Service for NFTs: 1. How does this technology impact the digital art industry? - This technology can revolutionize the digital art industry by providing artists with a secure and transparent way to protect and monetize their creations through NFTs.
2. What are the potential challenges in implementing smart contract-based watermarking services for NFTs? - Challenges may include ensuring compatibility with existing blockchain platforms, addressing scalability issues, and navigating legal considerations surrounding intellectual property rights in the digital space.
Original Abstract Submitted
Methods, systems, and computer storage media for providing a smart-contract-based watermarking service. A smart-contract-based watermarking service includes smart contract programming for displaying and removing digital watermarks on NFTs. In operation, a request to execute a watermark-mining operation on a digital asset is accessed. The request comprises a set of digital watermarking request attributes. Based on the set of digital watermarking request attributes, a digital asset and a digital watermark are accessed. The digital asset is minted as a non-fungible token associated with the digital watermark and a smart contract that controls display of the digital watermark associated with the digital asset. A notification is communicated, the notification indicating that the watermark-minting operation has been executed. Based on a request having a set of digital watermarking request attributes that authorize display of the digital asset, the smart contract is used to authorize display of the digital asset without the digital watermark.
