OwnSound

Videos

Description

🌟 Key Features

🔒 Private Playlists: Fully Homomorphic Encryption (FHE) ensures your listening habits stay yours.
💰 Flexible Ownership: Buy or rent Non-Fungible Sounds (NFS) - the choice is yours!
🎨 Creator Control: Artists set their terms, prices, and royalties.
🌐 Secondary Market: Creators benefit from every resale and rental.
🕵️ Transparent Provenance: Clear ownership history on the blockchain.

💡 How It Works

Content Creation: Artists upload their audio content, creating Non-Fungible Sounds (NFS).
Ownership: Users can purchase NFS outright or rent them for a fraction of the cost.
Royalties: Smart contracts automatically distribute royalties to creators for sales and rentals.
Private Playlists: Users create encrypted playlists, ensuring privacy even from the platform.
Secondary Market: NFS can be traded on the built-in marketplace, with creators receiving a cut of each sale.

🔐 Security Features

Fully Homomorphic Encryption for playlist privacy
Blockchain-based ownership verification
Multi-signature wallets for high-value transactions
Regular smart contract audits

Progress During Hackathon

Our team made significant progress during the hackathon in the following steps: Ideation: We brainstormed and finalized the concept of OwnSound, focusing on decentralized music ownership using NFS. Architecture: Designed the system architecture with AES encryption, IPFS storage, and FHE for privacy. Development: Built smart contracts on Polygon for royalty distribution and deployed the platform on EDU Chain. Testing: Integrated and tested the functionality with real musicians. Feedback: Gathered user feedback to improve UI/UX and scalability.