VERASITY LIMITED S.R.L. (20240289879). SYSTEM AND METHOD FOR CONTENT STAKE VIA BLOCKCHAIN simplified abstract
Contents
SYSTEM AND METHOD FOR CONTENT STAKE VIA BLOCKCHAIN
Organization Name
Inventor(s)
Robert James Mark Hain of Gibraltar (GI)
SYSTEM AND METHOD FOR CONTENT STAKE VIA BLOCKCHAIN - A simplified explanation of the abstract
This abstract first appeared for US patent application 20240289879 titled 'SYSTEM AND METHOD FOR CONTENT STAKE VIA BLOCKCHAIN
The abstract describes a content stake offering system that involves determining the value of content, generating a stake offering based on that value, and updating the content's value. This process includes transferring data between computing devices, recording content data in a database chunk, hashing the database chunk, and appending it to a blockchain.
- Content stake offering system disclosed in the patent application
- Includes a module with computer-executable code, a processor, and multiple computing devices
- Receives requests to sell a stake of content, determines content value, generates stake offerings, and updates content value
- Determines content value by transferring data, recording content data, hashing database chunks, and appending them to a blockchain
Potential Applications: - Digital content marketplace platforms - Tokenization of digital assets - Content monetization strategies
Problems Solved: - Establishing transparent and secure transactions for content sales - Providing a method to determine the value of digital content accurately
Benefits: - Increased transparency in content transactions - Efficient valuation of digital assets - Enhanced security through blockchain technology
Commercial Applications: Title: "Digital Content Valuation System for Stake Offerings" This technology can be used in digital content marketplaces, blockchain-based platforms, and online content monetization services. It has implications for the digital asset economy and can streamline the process of buying and selling content stakes.
Questions about the technology: 1. How does the content stake offering system ensure the security of transactions? 2. What are the potential challenges in implementing this technology on a large scale?
Frequently Updated Research: Stay updated on advancements in blockchain technology, digital asset valuation methods, and content monetization strategies to enhance the efficiency and effectiveness of the content stake offering system.
Original Abstract Submitted
a content stake offering system is disclosed. the content stake offering system includes a content stake offering module, comprising computer-executable code stored in non volatile memory, a processor, and a plurality of computing devices. the content stake offering module, the processor, and the plurality of computing devices are configured to receive a request to sell a stake of content, determine a value of the content, generate a stake offering based on the value of the content, and update the value of the content. determining the value of the content includes transferring data of a piece of content between the plurality of computing devices, recording a content data, which corresponds to the transferred data of the piece of content, in a database chunk, hashing the database chunk into a hashed database chunk, and appending the hashed database chunk to a block on a blockchain.
