The W3RDS (Web3 Royalty Distribution Software) is an innovative software tool that seamlessly bridges the traditional web2 environment with the decentralized power of blockchain technology, as a Solidity contract on Ethereum network.
The system is designed to handle complex royalty allocations of royalties to various authors based on their input to a particular digital asset. The contract will accurately calculate and allocate the royalties for each dependency, ensuring fair compensation for all involved.
W3RDS’s integration with Prestashop brings the benefits of blockchain to the e-commerce realm, providing a straightforward interface for managing digital assets. This integration allows for the efficient distribution of royalties within an e-commerce framework, making it easier for online retailers to adopt and benefit from blockchain technology.
The software also empowers different user roles within its ecosystem. Administrators, for example, have specific privileges to manage smart contracts and oversee the royalty distribution process. On the other hand, authors can easily tokenize their digital assets in the form of “Skills”, and track their royalty earnings, and interact with the system to manage their contributions effectively.
The tool also facilitates donations, allowing supporters to contribute directly to specific digital assets. The smart contracts handle these donations by distributing the funds according to predefined allocation percentages, ensuring that all contributors, including those with dependencies, receive their fair share.
Looking ahead, W3RDS has ambitious plans to expand its integration capabilities. Future versions aim to incorporate interfaces into various development environments and package managers such as NPM, MVN, Gradle, and GIT hooks. These expansions will further enhance the tracking and distribution of royalties, making the system even more versatile and comprehensive.