Method and system for controlled media sharing in a network

A system of controlled media sharing among a plurality of nodes in a network comprising:

• an administrative node in said plurality of nodes enabled to transmit a location of a source node having an instance of media content to a node requesting said instance of media content, said node in said plurality of nodes;
• said administrative node configured to receive a request for an intermediate encryption key from said source node;
• and
• wherein said administrative node is further configured to transmit said intermediate encryption key to said source node to enable said source node to encrypt an instance of media content into an intermediate encryption for transfer to said node, said source node configured to transmit the encrypted instance of media content to said node, said administrative node obtaining identifying information related to every instance of media content transferred from said source node, said identifying information for identifying each said instance of media content transferred including a previously bootlegged instance of media content and any usage fees associated therewith, and wherein said administrative node is further configured to generate a transaction applicable to said node and associated with said instance of media content in response to receiving an acknowledgement indicator from said node indicating that said instance of media content was successfully received by said node.

A non-transitory computer readable medium for storing computer implemented instructions, said instructions for causing an administrative node in a plurality of nodes in a network to perform a method of controlled media sharing among said plurality of nodes, said method comprising:

• transmitting to a node requesting an instance of media content a location of a source node having said instance of media content, said transmitting in response to receiving a request for said instance of media content from said node;
• sending an intermediate encryption key to said source node to enable said source node to decrypt said instance of media content from an encryption local to said source node and encrypt said instance of media content into an intermediate encryption for transfer to said node;
• transferring the encrypted instance of media content to said node;
• obtaining identifying information related to every instance of media content transferred from said source node, said identifying information for identifying each said instance of media content transferred including a previously bootlegged instance of media content and any usage fees associated therewith;
• and
• receiving an acknowledgement indicator from said node indicating successful receipt of said instance of media content.