MPEG131 Press Release: Index
Call for Proposals on Technologies for MPEG-21 Contracts to Smart Contracts Conversion
In the last few years, WG11 (MPEG) has developed a number of standardized ontologies catering to the needs of the music and media industry with respect to codification of Intellectual Property Rights (IPR) information toward the fair trade of music and media. MPEG IPR ontologies and contract expression languages have been developed under the MPEG-21 Multimedia Framework (ISO/IEC 21000) family of standards. MPEG IPR ontologies and contracts can be used by music and media value chain stakeholders to share and exchange in an interoperable way all metadata and contractual information. However, a challenge has been identified, that is, how MPEG IPR ontologies and contracts can be converted to smart contracts that can be executed on existing blockchain environments and, thus, enriching blockchain environments with inference and reasoning capabilities inherently associated with ontologies? By addressing this challenge in a standard way for several smart contract languages would also ensure that MPEG IPR ontologies and contracts prevail as the interlingua for transferring verified contractual data from one blockchain to another.
At its 131st meeting, MPEG issued a Call for Proposals (CfP) on technologies for MPEG-21 IPR contracts to smart contracts conversion. All parties that believe they have relevant technologies are invited to submit proposals for consideration by MPEG. These parties do not necessarily have to be MPEG members. The review of the submissions is planned in the context of the 132nd MPEG meeting. Please contact Jörn Ostermann (email@example.com) for details on attending this meeting if you are not an MPEG delegate.