Genesis Protocol
  • Genesis Protocol
  • Overview
    • Summary of Genesis Protocol
    • Metrics and Market Traction
    • Role of the GPTL Token
      • Core Functions:
      • Future Expansion:
    • FAQ
  • Partners
    • Featured Partnerships:
    • Ecosystem
      • Producerbazaar
      • GubVibe
      • Mellowplex Metaverse
      • The Learning App by EduDeck
  • Genesis Protocol SDK
    • Overview
    • Register Digital Assets
    • Mint & Assign License Terms
    • Automate Royalty Distribution
    • Resolve Disputes Efficiently
    • Set Permissions & Access Controls
    • Organize Groups & Collaborations
    • Use Cases
      • Decentralized Applications (dApps)
      • Enterprise Integration
      • Custom Blockchain Services
  • Key Definitions
    • Genesis Protocol IP Access Agreement
      • 1. DEFINITIONS
      • 2. GRANT
      • 3. GRANT PARAMETERS
      • 4. GRANT FEES, REVENUE SHARE, AND REVENUE CEILING
      • 5. YOUR DERIVATIVE ACCESSIBLE IPS
      • 6. RETAINED RIGHTS
      • 7. TRANSFER
      • 8. ALTERNATIVE DISPUTE RESOLUTION
      • 9. REPRESENTATIONS AND WARRANTIES
      • 10. RESTRICTIONS
      • 11. DISCLAIMERS, LIMITATIONS OF LIABILITY, AND INDEMNIFICATION
      • 12. ADDITIONAL PROVISIONS
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  1. Genesis Protocol SDK

Automate Royalty Distribution

Automated Royalty Distribution

Genesis Protocol introduces a decentralized and transparent royalty distribution system that ensures creators and rights holders receive fair compensation for their digital assets. By leveraging smart contracts, the system automates payment distribution, enforces revenue-sharing agreements, and provides a seamless claim process. This eliminates intermediaries, ensuring efficiency and accuracy in payouts.

Royalty Management Module

Core Functions:

  1. Initiate Royalty Payments

Method: processRoyaltyPayment

  • Enables automated payment transfers between digital assets, ensuring rightful compensation for creators, licensors, and rights holders.

  • Supports third-party transactions for licensing and asset utilization.

  • Ensures secure, immutable transactions recorded on-chain.

  • Allows multi-party revenue splitting for collaborative projects.

  1. Revenue Tracking & Claim Verification

Method: getClaimableRevenue

  • Calculates the royalty earnings available for a token holder at a specific moment in time.

  • Guarantees accuracy in revenue tracking by using verifiable blockchain snapshots.

  • Protects against miscalculations and fraudulent claims.

  • Provides real-time insight into pending royalty payments.

  1. Bulk Claim & Payout Execution

Method: claimAllRoyalties

  • Allows token holders to claim accumulated earnings from multiple recorded snapshots.

  • Automates royalty withdrawals, reducing manual intervention.

  • Supports batch processing to lower transaction fees and simplify claims.

  • Ensures quick and efficient royalty distribution with minimal delays.

  1. Secure Royalty Fund Management

Method: getRoyaltyVault

  • Retrieves the smart contract address where all royalty earnings are stored and distributed.

  • Ensures transparency and security in fund management.

  • Enables streamlined financial tracking and auditing.

  • Integrates seamlessly with external financial tools for enhanced reporting and analytics.

This system empowers creators and digital rights holders by automating royalty processes while maintaining transparency and efficiency on the blockchain.

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Last updated 1 month ago