Design principle DP3: Smart-contract stablecoin royalty enforcement
The system should algorithmically enforce royalty payout via stablecoin through a smart contract, enabling efficient and transparent payouts.
Source paper
This design principle is proposed by Blockchain-based digital rights management systems: Design principles for the music industry (Raffaele Fabio Ciriello, Alexandra Cecilie Gjol Torbensen, Magnus Rotvit Perlt Hansen, Christoph Mueller-Bloch, 2023).
Addresses
Implemented by
- Design feature DF3: Fiat-pegged stablecoin payout
- Design feature DF4: Collectively designed smart contract
Citations
[1] Raffaele Fabio Ciriello, Alexandra Cecilie Gjol Torbensen, Magnus Rotvit Perlt Hansen, Christoph Mueller-Bloch. Blockchain-based digital rights management systems: Design principles for the music industry. Electronic Markets 33:5 (2023). https://doi.org/10.1007/s12525-023-00628-5 (opens in a new tab) [2] Source document: Blockchain-based digital rights management systems.pdf