README.md

Assets, Rights and User interactions

{% hint style="info" %} In This section we will cover the basic building blocks of the protocol (Creations and Licenses), which represent the the "real-world asset" and related "cashflos" respectively, and how they relate to the different Personas and User Roles. {% endhint %}

System Components

Component	Description	Unique Key	Conditions	Who Creates?	Wo Approves
MusicalWork	A Musical Work	ISWC
Sound Recording	A Recording (typically of a Musical Work)	ISRC
Release	A product containing one or more Sound Recordings	UPC
UserDefined	A custom reference to unique intellectual property, media resource or 0x address
RightsRegistered	A single entry in the OW Registry database	Creation+RightType+Territory
Territory	ISO 3166-1, ISO 3166-2
Deal		RightsRegistered
RightShare
RightsCoverage	A type of right to make use of the Creation under a License	A fixed list of rights covered will be maintained by the Foundation
Proof	A validation that a statement about an asset is true.	--
Creation Tokens	Governance tokens allowing the RightsHolders of a	--
Royalty Tokens		--
$OWN Token

Protocol Users

Rights Holders
Copyright Holders
Data Providers
Payment Providers
Validators
Relayers

• Creation
  • release
    • license
      • rights
  • work
    • license
      • rights