#SC Smart Contracts: Automated royalty distribution based on predefined terms #KC or #CK #1 #ez

###KeyFeatures of Impula Network* Sylvia Poll

- Smart Contracts: Automated royalty distribution based on predefined terms

- Transparent Record-Keeping: Immutable ledger of transactions and ownership

- Global Reach: Ability to manage rights across multiple jurisdictions

- Adaptive Framework: Flexibility to incorporate new technologies and legal developments

```python

# Example code for Impula Network's royalty distribution system

class RoyaltyDistribution:

??def init(self, artist Estate, work):

????self.artist_estate = artist_estate

????self.work = work

????self.royalty_rate = self.calculate_royalty_rate()

?????

??def calculate_royalty_rate(self):

????# Complex calculation based on various factors including usage type and jurisdiction

????base_rate = 0.15?# 15% royalty rate

????adjustments = self.get_jurisdictional_adjustments()

????return base_rate * adjustments

?????

??def distribute_royalties(self, revenue):

????amount = revenue * self.royalty_rate

????self.artist_estate.receive_royalties(amount)

?????

??def get_jurisdictional_adjustments(self):

????# Fetch adjustments based on current legal framework

????return 1.0?# Default adjustment

?????

class ArtistEstate:

??def init(self, beneficiaries):

????self.beneficiaries = beneficiaries

????self.balance = 0

?????

??def receive_royalties(self, amount):

????self.balance += amount

????self.distribute_to_beneficiaries()

?????

??def distribute_to_beneficiaries(self):

????share = self.balance / len(self.beneficiaries)

????for beneficiary in self.beneficiaries:

??????beneficiary.receive_share(share)

???????

class Beneficiary:

??def init(self, name):

????self.name = name

????self.shares_received = 0

?????

??def receive_share(self, amount):

????self.shares_received += amount

```

#Conclusion = #C = #K = LLL? #anythoughts

The tradition of granting royalty rights to artists' children reflects important values about supporting creativity and ensuring fair compensation.

However, as technology continues to transform how artistic works are created, distributed, and valued, these systems must evolve through a process of adaptation similar to natural selection.

By embracing new technologies and reimagining royalty structures, we can create a more resilient system that honours artistic contributions while remaining viable in today's complex IP landscape. ??

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https://www.youtube.com/shorts/bGBjesL4brM