Transaction-enabled systems and methods for smart contracts

A method, comprising:

• accessing a distributed ledger comprising a plurality of intellectual property (IP) assets comprising an aggregate stack of IP, and IP licensing terms corresponding to the plurality of IP assets;
• interpreting an IP description value and an IP addition request;
• adding an apportionment of royalties to the IP licensing terms;
• wherein at least one of the plurality of IP assets comprises at least one instruction set stored on the distributed ledger, and the at least one instruction set includes instructions for operating a downstream production tool;
• tokenizing the at least one instruction set on the distributed ledger;
• performing an operation on the distributed ledger to commit a party to a contract term via an IP transaction wrapper of the distributed ledger, wherein the operation provides provable access to the at least one instruction set;
• providing the provable access by commanding the downstream production tool using the tokenized at least one instruction set;
• recording the provable access to the at least one instruction set on the distributed ledger;
• and
• apportioning royalties to a plurality of owning entities corresponding to the aggregate stack of IP in response to the IP licensing terms.

A transaction-enabling system comprising:

• a processing system including one or more processors and a non-transitory computer readable storage medium storing instructions that when executed by the one or more processors comprise:
• a smart contract wrapper, wherein the smart contract wrapper is configured to:
• access a distributed ledger comprising a plurality of intellectual property (IP) licensing terms corresponding to a plurality of IP assets, wherein the IP licensing terms comprise an apportionment of royalties among a plurality of owning entities in the distributed ledger, wherein at least one of the plurality of IP assets comprises an instruction set, and the instruction set includes instructions for operating a downstream production tool;
• tokenize the instruction set;
• interpret an IP description value and an IP addition request;
• in response to the IP addition request and the IP description value, to add the apportionment of royalties corresponding to the IP description value;
• provide an operation on the distributed ledger to commit a party to a contract term via an IP transaction wrapper of the distributed ledger;
• provide provable access to the instruction set by commanding the downstream production tool using the tokenized instruction set;
• and
• record the provable access to the instruction set on the distributed ledger;
• and
• a royalty apportionment wrapper structured to apportion royalties from at least one royalty generating element to the plurality of owning entities in response to IP licensing terms corresponding to a plurality of IP assets.