System and process for tokenization of digital media

A method, comprising:

• generating a digital token having a digital media file;
• metadata providing a source of the digital media file, a license associated with the digital media file, and terms of use of the digital media file;
• and a set of stored rules attached to the digital media file, the set of stored rules including a distributed ledger protocol and conditions that define a change in status associated with the digital media file as the digital token is distributed within the electronic distributed ledger, wherein generating comprises a conversion process by which at least a portion of the digital media file is converted and thus incorporated into the digital token associated with the digital media file;
• distributing, by a computer processor, the digital token within the electronic distributed ledger;
• identifying, by a computer processor, an update to a status of the digital media file within the electronic distributed ledger;
• modifying, by the computer processor, the status of the digital token in response to the identified updated status of the digital media file;
• and
• broadcasting by a host server, to the electronic distributed ledger, the modified status of the digital token,
• the electronic distributed ledger having user profiles, wherein each respective user profile is verified by personally identifiable information including a legal name.

A computer program product for hosting an online portal for the tokenization of a digital media file, the computer program product comprising a non-transitory computer readable storage medium having computer readable program code embodied therewith, the computer readable program code being configured, when executed by a computer processor, to:

• generate a digital token having the digital media file;
• metadata providing a source of the digital media file, a license associated with the digital media file, and terms of use of the digital media file;
• and a set of stored rules attached to the digital media file, the set of stored rules including a distributed ledger protocol and conditions that define a change in status associated with the digital media file as the digital token is distributed within the electronic distributed ledger, wherein to generate comprises a conversion process by which at least a portion of the digital media file is converted and thus incorporated into the digital token associated with the digital media file;
• distribute, by a computer processor, the digital token within the electronic distributed ledger;
• identify, by a computer processor, an update to a status of the digital media file within the electronic distributed ledger;
• modify, by the computer processor, the status of the digital token in response to the identified updated status of the digital media file;
• and
• broadcast by a host server, to the electronic distributed ledger, the modified status of the digital token,
• the electronic distributed ledger having user profiles, wherein each respective user profile is verified by personally identifiable information including a legal name.