BlockRoyalty: Royalties Management Using Blockchain and Smart Contracts

Abstract

In the digital era, managing royalties for creative works remains a major challenge. Existing systems are often outdated and lack the transparency and efficiency required to meet the growing demands of digital content distribution. This paper presents BlockRoyalty, an application based on blockchain and smart contract technologies, designed to modernize royalty management for digital books. The system automates the registration of authors, publishers and buyers. It manages book publication, applies dynamic pricing based on sales trends and ensures real-time royalty distribution. All transactions are securely and recorded in a verifiable manner on the blockchain, fostering trust among stakeholders.