Blockchains (smart contracts, distributed ledgers) and rights management broadly construed are the themes of today's Spotlight Patents. Assigned to Theta Labs, the first patent addresses techniques for Non-fungible token (NFT) based digital rights management in a decentralized data delivery network. Assigned to Camelot UK Bidco (UK), the second patent addresses techniques for facilitating secure intellectual property transactions.
11,075,891, "Non-fungible token (NFT) based digital rights management in a decentralized data delivery network," assigned to Theta Labs, Inc.
Methods and systems are described for implementing decentralized digital rights management (DRM) within a decentralized network, satisfying an important need of content owners. First, the method implemented by a source cacher node includes broadcasting, to one or more viewer peer nodes in the decentralized network, a notification of the source cacher node's intent to transmit a data stream. Then, recording a smart contract on a blockchain associated with the decentralized network, the smart contract associated with the data stream and allowing the authentication of a viewer peer node through the smart contract by an ownership of a non-fungible token (NFT) in order to receive a data key to decrypt the data stream. Next, receiving a request from an authenticated viewer peer node for receiving the data stream. Finally, generating an encrypted data stream based on the data stream and the data key to decrypt the data stream, and transmitting the encrypted data stream and the data key to the authenticated viewer peer node.
11,074,663, "System and method of facilitating intellectual property transactions," assigned to Camelot UK Bidco Limited (GB).
A system and method is provided for the facilitation of secure intellectual property transactions. The system may receive intellectual property information from system users. The system may match system users based on the provided intellectual property information to facilitate the initiation of an intellectual property transaction. The system may further provide a secure audit trail of all activity that occurs surrounding the intellectual property transaction, thereby increasing levels of trust between the involved parties.