Introduction
Tokenised Licensing as a Service (TLaaS) is the cornerstone of the Decentralized Licensing Authority. It provides an on‑chain mechanism to issue, manage and audit licenses for people and organisations. TLaaS combines the transparency of blockchain with governance and compliance rules to ensure that licenses are programmable, tradable and enforceable.
Purpose
The purpose of TLaaS is to create a flexible and secure framework for licensing across industries. Its objectives include:
- Empowering issuers to mint and manage licences without intermediaries, reducing costs and delays.
- Providing a tamper‑proof registry of license ownership, renewals and revocations.
- Integrating identity verification via Fingerprint ID so each license corresponds to a verified entity.
- Establishing clear governance rules for disputes and overrides through the override router and DAO.
Scope
TLaaS covers the full lifecycle of a license, from creation and renewal to transfer and revocation. Key components within its scope include:
- Issuance: Licence creation with metadata, rights, expiry dates and tags. Supports multiple licence types (personal, commercial, creative, etc.).
- Renewal: Functions to extend the validity of licences while recalculating fees and updating compliance status.
- Transfer: Secure transfer logic to move licences between accounts, with optional escrow and multi‑sig approvals.
- Revocation: On‑chain revocation triggered by courts, councils or automated compliance checks.
- Governance: Councils and validators vote on overrides, disputes and policy updates via the override router.
- Interoperability: Integration with marketplaces, analytics tools, Fingerprint ID and other CHLOM modules.
Economic Model
Fees collected by TLaaS sustain the Decentralized Licensing Authority and incentivize honest participation. The economic model includes:
- Issuance Fees: Paid by licence creators to mint new licences. These fees support the treasury, validators and enforcement mechanisms.
- Transfer Fees: Micro‑fees collected when licences change hands. They create an ongoing revenue stream for ecosystem maintenance.
- Renewal Fees: Periodic payments to extend licence validity and maintain active status, with tiered pricing based on licence type.
- Staking & Slashing: Validators stake tokens to participate in governance and risk losing them if they behave dishonestly.
- Grants & Subsidies: A portion of the token supply is set aside for grants to early adopters and strategic partners to encourage network growth.
- Royalty Routing: Automatic allocation of fees to treasury, nodes, auditors and enforcement pools according to configurable percentages.
By aligning incentives for issuers, validators, holders and the community, the economic model ensures the sustainability of TLaaS while funding security and innovation.