How does our smart contract work?
Our smart contract makes every royalty report redundant.
A smart contract is a computer protocol which consist of the contractual data. So, when making a contract with a licensor there is at least one party which gets a revenue share. When having multiple contracts you can combine everything within the smart contract, like the platform you use to sell the products, licensor, affiliate, producer etc. With our solution, every payment made with our STARAMBA.Token automatically divides the amount of token in the previously defined shares – Every licensor, affiliate, seller, and other party gets a share for this transaction. The whole process runs automatically and nearly real-time. This way every party benefits from a more efficient process and reduced fees by cutting out expensive third-parties.