@ujoteam/contracts-licensing v0.0.1-alpha.2

Licensing

The Licensing Handlers are smart-contracts responsible for handling licensing payments. Payments are input and the funds are disbursed to the appropriate beneficiaries towards a specific license referenced by it’s Content-ID. Similar to the Artist Registry these events are stored in the blockchain via event logs. During a payment, the handlers fetch the USD/ETH price from an Oracle (described in the next section), and notifies a variable amount of addresses of the action. An example of a notified beneficiary is issuing a collectible badge upon payment. The handlers enable proof-of-payments, granting the rights specified in the license to the licensor. An example event looks like this:

LogPayment(
    _cid, _oracle, ethUSD, msg.value, msg.sender, _buyer, _beneficiaries, _amounts
);