Multi-Signature Solution
The number of IP tokens for each IP set is determined by its creator, but this can subsequently be changed by the IP token holders by vote. IP tokens linked to IP sets can perform a range of functions, such as optimising the distribution of royalties and copyright agreements, access rights to linked IP sets, ownership sharing, voting rights in project management, access to group membership and currency linked to the IP set.
With IP tokens, the creation of "percentage ownership" allows users to own different IP/IP sets for a share.
IP sets can use IP tokens in the same way that dApps and smart contracts interact with their utility tokens. In addition, they have the magic value of being able to order royalty shares over any IP, opening the door to gratuitous, decentralised cooperation.
Conclusions
We see a unique Invarch project that has a large number of partners, a strong community, a team and an innovative technology. This technology has the potential to completely change the financial sector, I would say turn it upside down by combining cryptocurrency and the real sector, taking the best from them - decentralisation on the one hand and scale of development on the other. It is unbelievable how close we are to a tremendous change, because of it we will enter a new era - the web3 era.
What has already been implemented?
Currently the user functionality for multisig on InvArch is via polkadot{.js}, but soon there will be a well-designed external user interface that will provide the ease of use that is so lacking to massively attract real sector investors. The IP and OCIF technologies are described in more detail in the technical documentation of the project, so I won't waste your time in this article, but they are also already implemented in test mode.
Sign in to leave a comment.