Trusted transaction system for digital asset licensing

A computer-implemented method for licensing digital assets incorporated into creative works, comprising:

• generating, by a computing device, a new asset that includes at least a portion of a licensable asset selected from a plurality of licensable assets provided by a remote server;
• communicating, by the computing device, the generated new asset to the remote server, wherein the remote server is configured to generate a first smart contract associated with the new asset for storage on a distributed ledger, the generated first smart contract defining at least a first license fee that is calculated based on a ratio of contribution determined based on comparing the new asset and the licensable asset using hashes generated for each of the new asset to the licensable asset, and a second license fee defined in a generated second smart contract stored on the distributed ledger and associated with the licensable asset;
• and
• providing for display, by the computing device, a generated notification that includes the first license fee based on a determination that the generated first smart contract is stored on the distributed ledger.

A non-transitory computer storage medium storing computer-useable instructions that, when used by at least one computing device, cause the at least one computing device to perform operations comprising:

• generating a smart contract corresponding to a new asset, the generated first smart contract defining at least a first license fee that is calculated based on a ratio of contribution determined based on comparing the new asset and a licensable asset using hashes generated for the new asset and the licensable asset, and a second license fee defined in a second smart contract stored on a distributed ledger and associated with the licensable asset, wherein the new asset comprises at least a portion of the licensable asset;
• communicating the smart contract to a node maintaining an instance of the distributed ledger;
• and
• providing for display a generated notification that includes the first license fee in response to a determination that the smart contract is stored on the distributed ledger.