Is the IP project revolution coming? How does the Story Protocol solve the bottleneck of blockchain in IP management?

In the world of blockchain technology, various projects emerge like mushrooms after rain. However, most blockchain projects are focused on the financial sector or digital currencies, with little attention given to the complex yet highly potential industry of intellectual property (IP). Recently, Story Protocol has attracted wide attention in the industry. It has built a blockchain architecture that focuses on IP management, breaking the limitations of traditional blockchain in IP management through a layered modular design and a multi-core execution environment. Today, let's talk about why Story Protocol can bring revolutionary changes in this field.

Why is IP management an urgent problem to be solved?

The complexity of intellectual property management has been troubling creators and developers worldwide. Cross-platform IP transactions and multi-party rights allocation often result in inadequate protection of the interests of creators. Especially for small creators, traditional IP management systems have significant flaws in legal framework, benefit distribution, dynamic adjustment, and more.
1. High cost of rights: In cross-platform, cross-media IP management, small creators often bear disproportionate costs, while platforms obtain the majority of the revenue.
2. Value capture imbalance: The actual contributions of creators often do not match the share they receive. In most cases, creators can only obtain 15%-30% of the revenue.
3. Dynamic Adjustment of Missing: The dynamic adjustment mechanism in the IP market is very lacking, and the authorization terms and revenue distribution of IP cannot flexibly respond to market changes.

The innovation of Story Protocol

Story Protocol is committed to solving these problems through blockchain technology, providing a transparent and decentralized solution.

1. Multilayer modular design

Story Protocol adopts a layered modular design to ensure the flexibility and scalability of the system. By modularizing different aspects of the IP lifecycle, it can more efficiently manage various aspects of intellectual property and avoid performance bottlenecks that may occur in traditional blockchain systems in high-concurrency, high-complexity IP management scenarios.

2. Multi-core Execution Environment

Compared with traditional blockchain, Story Protocol uses a multi-core execution environment, greatly improving its processing power. IP management involves multiple operations such as file storage, copyright transactions, and revenue distribution, which require efficient parallel computing. This multi-core processing mode can significantly reduce transaction latency and improve processing efficiency.

3. Efficient IP registration and revenue distribution

Story Protocol solves IP authorization, revenue sharing, and copyright dispute issues by introducing decentralized smart contracts and automated tax systems. It provides a new mechanism to record all contributions of creators using blockchain technology and calculate their share of earnings based on this. For example, every time a creator modifies a work or adds new content, the system automatically records the modification history and updates the revenue distribution.

4. Dynamic Yield Mechanism

Story Protocol also adopts the ERC-7641 standard, which can automatically achieve 'royalties according to the law', that is, the revenue will be automatically allocated every time the creation is updated. For every 10,000 increase in click volume, the creator can automatically get a higher proportion of revenue. This innovation allows creators to continuously receive fair rewards without relying on platform and other intermediaries for distribution.

5. Global Collaboration Network

To further promote the openness and globalization of the IP industry, Story Protocol also plans to build a developer collaboration network. Developers can access the system through API interfaces to create and manage their own IP ecosystems. This mechanism will help creators build an open global intellectual property market and promote the cultural development of creation and sharing.

Why is this crucial for both creators and investors?

The emergence of Story Protocol will bring a more fair and transparent income distribution system for creators. With the decentralized nature of blockchain, the rights of creators will no longer be restricted by platforms or intermediaries, and all transactions and modifications can be automatically recorded and traced, thus avoiding fraud and unfairness in traditional IP management.

For investors, Story Protocol not only provides a new profit model for creators, but also opens up a new investment opportunity for investors. As the IP ecosystem continues to grow, blockchain-based intellectual property rights will become a potentially huge market. In the future, the trend of IP assetization and tokenization will bring more diversified choices for investors.
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Conclusion: How will the IP blockchain develop in the future?

Story Protocol is not just a technical platform, its emergence represents the enormous potential of blockchain technology in intellectual property management. As more and more creators and investors focus on this area, the future of the IP market may undergo earth-shaking changes. With the continuous advancement of technology, the integration of blockchain and IP will become a key driving force for the future digital economy.

How do you view the application of blockchain in the field of intellectual property rights? Is it possible to become mainstream in the future? Feel free to share your views and discuss in the comments section!

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