MIT Solve

Solution Overview

Solution Name:

Reality Code Platform

One-line solution summary:

Distributed Ledger Platform to register and manage digital assets, for efficient and secure IP protection, authentication and tracking

Pitch your solution.

The digital asset economy is enormous, and impacts every industry and billions of people. According to IBM: 90% of digital data was created in the last 2 years, new digital information will expand 44x by 2020, and Digital Asset Management was the fastest growing tech in 2018. At the same time 80%+ of digital content today is unstructured and creators still struggle to protect and track their Digital Assets’ value over time. Accelerated by COVID19 the economy is going more digital creating the right environment for our solution.

Film your elevator pitch.

What specific problem are you solving?

For far too long, the value of digital assets to their creators has been severely constrained by institutional (often monopolistic) barriers, and a lack of tools and accessible markets to help level the field.

Now however, advances in blockchain technology are running smack into a rapidly evolving media landscape and creating a unique opportunity and environment to enable and energize a true digital asset economy.

What is your solution?

Reality Code Public Benefit Corporation has brought together a selected and leading, in their own fields, group of innovative creators and companies to create a global alliance (the “Reality Code Alliance”) to support the development of an efficient, decentralized and secure, distributed ledger platform (the “Reality Code Platform”) to tokenize digital assets for their protection, management and trading. We are developing the world’s first trustable industry platform secured, scalable, with key digital actors ecosystem input and participation, and only now possible with recent advances in distributed ledger technologies technology. The goal of the Reality Code Platform is to be the definitive digital asset economy Distributed Ledger, offering specific features designed to facilitate:

Digital Asset Management: To let digital actors transform content and projects into tokenized assets, registered in an unalterable industry ledger. Total control and protection over their IP while clearly documenting the ownership, royalties and agreements associated with each asset/project.
Contract Management: To simplify, clearly document and manage the agreements and relations between actors through smart contracts.
Business Management: To provide clear and automatic tokenized mechanisms that instantly distribute payments and royalties as defined in the business rules, managed by a private wallet and a performance dashboard.

Who does your solution serve, and in what ways will the solution impact their lives?

The Reality Code Platform is targeted to support anyone in today's -and more than ever- digital world by providing a path to help independent creators and developers secure, fund, and trade (sell, license) in their digital assets and creations. People that in the past wouldn't have access to fund their projects or had to offer a big cut when they trade or sell them, will have now the opportunity of exposing themselves and their creations to a global community in a secure and reliable way, protecting their intellectual property forever in an immutable

Reality Code is emerging as a company with expanded relevance in the times and urgency to deploy its Platform. The Reality Code Platform - already on path to help independent creators and developers secure, fund, and trade (sell, license) in their digital assets – is now also a model of the kind of transparent, decentralized ecosystems that can help spread economic opportunity and resilience wider, and to more diverse communities.

Which dimension of the Challenge does your solution most closely address?

Enable small and new businesses, especially in untapped communities, to prosper and create good jobs through access to capital, networks, and technology

Explain how the problem, your solution, and your solution’s target population relate to the Challenge and your selected dimension.

The Reality Code Platform is targeted to support anyone in today's -and more than ever- digital world by providing a path to help them developers secure, fund, and trade (sell, license) in their digital assets and creations. People that in the past wouldn't have access to fund their projects or had to offer a big cut when they trade or sell them, will have now the opportunity of exposing themselves and their creations to a global community in a secure and reliable way, protecting their intellectual property forever in an immutable way.

In what city, town, or region is your solution team headquartered?

Los Angeles, CA, USA

What is your solution’s stage of development?

Pilot: An organization deploying a tested product, service, or business model in at least one community

Who is the primary delegate for your solution?

Facundo Diaz