NFT Based Patent Licensing
Next generation intellectual property management via blockchain technology
Smart Contract Enabled Licensing
CargoQuoter’s patent portfolio is being prepared for NFT-based licensing, enabling:
Automated Royalties
Programmable revenue sharing
How it works: Smart contracts automatically distribute royalty payments (e.g., 10%) to patent holders whenever licensed technology is resold or sublicensed, eliminating manual tracking.
Carbon Credit Tracking
Built-in emissions accounting
How it works: Each shipment license NFT can accumulate carbon credits based on verified emission reductions. These tokenized credits can be traded or retired on carbon markets.
Transparent IP Management
Immutable license records
How it works: All license terms, ownership history, and usage rights are permanently recorded on the blockchain, reducing disputes and audit costs.
// Simplified ERC-721 Smart Contract Structure
contract CargoQuoterLicenseNFT {
// Core NFT functionality
function mintLicense(address licensee) external onlyOwner {
// Creates unique NFT representing license rights
}
// Royalty management
function _transfer(address from, address to, uint256 tokenId) internal override {
// Automatically deducts 10% royalty on transfers
uint256 royalty = (msg.value * 10) / 100;
payable(owner()).transfer(royalty);
}
// Carbon credit tracking
mapping(uint256 => uint256) public carbonCredits;
function addCarbonCredits(uint256 tokenId, uint256 amount) external onlyOwner {
carbonCredits[tokenId] += amount;
}
// Custom terms can be added per negotiation
}
Note: Final contract terms are negotiable based on licensee requirements.
Current licensing available through traditional contracts with blockchain integration roadmap.