BUBUKA LLC, a blockchain-powered music rights management service, has received its first patent application publication relating to a payment system for digital rights management.
BUBUKA's platform monitors the playback of media content, including copyrighted items and derivative works, based on the use of the media content by an operator server and the provisioning of the content to users. Using a database connecting the media to the owner, content metadata and user data is sent to the operating server and analyzes each user's interaction with a piece of content. By performing a comparison of metadata, the system is able to determine if the use of a given piece of media content has been authorized.
If the use was authorized, the rights holder receives payment in the form of cryptocurrency in an amount specified by a smart contract. BUBUKA's platform enables rights holders to create cryptocurrency wallets and register their smart contracts on the platform using a decentralized blockchain virtual machine.
This is BUBUKA's first published patent application in the Cryptocurrency sector. Founded in 2012, BUBUKA is competing against the likes of IBM, Huawei, and Intertrust in the "Digital Rights" area of the Cryptocurrency sector.
