EBay Inc. (20240221000). NON-FUNGIBLE TOKEN WATERMARKING MANAGEMENT SYSTEM simplified abstract
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 20240221000 titled 'NON-FUNGIBLE TOKEN WATERMARKING MANAGEMENT SYSTEM
The abstract describes methods, systems, and computer storage media for providing a smart-contract-based watermarking service, specifically for non-fungible tokens (NFTs). The service involves programming smart contracts to display and remove digital watermarks on NFTs.
- Request to execute a watermark-mining operation on a digital asset is accessed, containing digital watermarking request attributes.
- Based on the request attributes, a digital asset and a digital watermark are accessed.
- The digital asset is minted as an NFT associated with the digital watermark and a smart contract controlling the display of the watermark.
- Notification is communicated once the watermark-minting operation is executed.
- The smart contract authorizes the display of the digital asset without the watermark based on specific request attributes.
Potential Applications: - Digital asset protection and authentication in the NFT marketplace. - Copyright protection for digital content creators. - Anti-counterfeiting measures for luxury goods and collectibles.
Problems Solved: - Ensuring the authenticity and ownership of digital assets. - Preventing unauthorized use and distribution of digital content. - Providing a secure and transparent method for watermarking digital assets.
Benefits: - Enhanced security and protection for digital assets. - Increased trust and confidence in the NFT ecosystem. - Streamlined process for adding and removing digital watermarks.
Commercial Applications: Title: Smart Contract Watermarking Service for NFTs This technology can be utilized by NFT platforms, digital content creators, art marketplaces, and luxury brands to enhance the security and authenticity of digital assets. It can also cater to industries where copyright protection and provenance tracking are crucial.
Questions about Smart Contract Watermarking Service for NFTs: 1. How does this technology impact the NFT market in terms of security and authenticity? 2. What are the potential challenges in implementing smart-contract-based watermarking services for NFTs?
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.
