Mango Digital Technology Applies for Patent on "Accounting Method for Revenue Sharing," Enhancing Credibility and Transparency

Mango Digital Technology Applies for Patent on "Accounting Method for Revenue Sharing," Enhancing Credibility and TransparencyOn December 21, 2024, the State Intellectual Property Office of China revealed that Hunan Mango Digital Art Technology Co., Ltd

Mango Digital Technology Applies for Patent on "Accounting Method for Revenue Sharing," Enhancing Credibility and Transparency

On December 21, 2024, the State Intellectual Property Office of China revealed that Hunan Mango Digital Art Technology Co., Ltd. (hereinafter referred to as "Mango Digital") applied for an invention patent titled "A Method, Platform, Product, Device, and Storage Medium for Revenue Sharing," with publication number CN119151666A and an application date of November 2024. This patent application aims to improve the revenue sharing accounting process, enhancing its credibility and transparency. This holds significant application value for industries with complex revenue-sharing mechanisms, such as digital content distribution and e-commerce platform commission allocation.

The patent abstract details the core mechanism of this innovative technology. It cleverly integrates blockchain technology, using the collaborative work of preset target accounting contracts and preset target distribution contracts to achieve precise collection and secure storage of distribution results. The entire process is transparent and highly traceable, effectively addressing numerous issues potentially present in traditional revenue-sharing models, such as information asymmetry and unclear accounts.

Specifically, the patented accounting method for revenue sharing comprises the following steps: First, upon a revenue-sharing request, the preset target accounting contract sends key informationincluding revenue-sharing details, the first address identifier of the preset target accounting contract, and the project identifierthrough a preset interface to the bank's blockchain. This step ensures information reliability and integrity, preventing alteration or loss during transmission.

Second, the preset target distribution contract in the bank's blockchain identifies the corresponding revenue-sharing request based on the received first address identifier and sends the second address identifier of the preset target distribution contract to the preset target accounting contract. This step achieves precise matching and information transfer between contracts, ensuring accurate disbursement of revenue-sharing funds.

Next, based on the received revenue-sharing information, the preset target distribution contract executes the distribution operation and sends the final distribution results back to the preset target accounting contract through a preset interface. The security of this step is ensured by blockchain technology, guaranteeing the authenticity and accuracy of the distribution results.

Finally, the preset target accounting contract stores the final distribution results, project identifier, and second address identifier in the user's blockchain. This step not only achieves permanent storage of the distribution results but also provides revenue recipients with convenient access for queries. Revenue recipients can check the revenue recipient list and revenue amount list at any time to fully understand the details of the revenue sharing.

The innovation of this patent lies in its full utilization of blockchain technology's immutability and transparency to effectively address the pain points of traditional revenue-sharing models. Traditional methods often rely on centralized institutions for account management and fund settlement, which can easily lead to information asymmetry, unclear accounts, and even manipulation, harming the interests of participants. Mango Digital's patented technology, by introducing blockchain technology, builds a decentralized and trustworthy revenue-sharing accounting system, significantly improving the credibility and transparency of the revenue-sharing process.

This technology has broad application prospects. In the digital content distribution field, it can effectively resolve revenue settlement issues between copyright holders, platforms, and creators, ensuring that each participant receives their due. In e-commerce platforms, it can be used for commission allocation, improving trust between merchants and platforms. Furthermore, this technology also has extensive application potential in other industries with complex revenue-sharing mechanisms, such as advertising distribution and financial services.

Mango Digital's patent application reflects its innovative capabilities in blockchain technology, its deep understanding of technology applications, and its keen grasp of industry pain points. The application of this technology is expected to significantly improve the efficiency, transparency, and security of the revenue-sharing process, bringing positive impacts to related industries.

In conclusion, Mango Digital's patented "Method, Platform, Product, Device, and Storage Medium for Revenue Sharing" is an innovative and valuable technological invention. By cleverly integrating blockchain technology and the collaborative work of preset target accounting and distribution contracts, it achieves precise collection and secure storage of distribution results, effectively enhancing the credibility and transparency of the revenue-sharing process. This technology has broad application prospects and is expected to be widely adopted across multiple industries, driving their development and progress. Its emergence indicates that blockchain technology will play an increasingly important role in future revenue settlement, providing strong support for building a fairer, more transparent, and efficient revenue-sharing ecosystem. Mango Digital's innovative attempt sets a benchmark for the industry and provides new insights into future technological development directions. As the technology matures and improves, it is expected to leverage its unique advantages in more fields, creating greater value for society.