Music rights are fragmented. A single recording can be registered with ASCAP (US), SOCAN (Canada), PRS (UK), and local societies, each holding slightly different split information. When royalties cross borders, these discrepancies create “black boxes” – pools of unpaid money that cannot be matched. Current industry solutions rely on manual reconciliation, which is slow and incomplete.
SMPT is the first cryptographic layer designed specifically to reconcile these registries. By operating a network of independent verification nodes, we create a single source of truth for ISRC/ISWC pairs, split percentages, and ownership history.
Data from CISAC and national PROs suggests that 5–9% of global royalties remain unmatched annually. For a $30 billion industry, that represents $1.4–$2.7 billion lost. Most of these losses occur because:
SMPT nodes pull real‑time JSON feeds from The MLC, SoundExchange, MusicBrainz, and participating PROs. Data is normalized into the SMPT Unified Schema (SUS) – a canonical format that stores ISRC, ISWC, contributor splits, and territorial exclusions.
When two registries report conflicting splits (e.g. ASCAP shows 50/50, BMI shows 60/40), the SMPT network initiates a reconciliation round. Each node votes based on:
The final “accepted” split is the median of the weighted votes, and a high‑risk flag is raised if consensus is weak (standard deviation > 15%).
Every finalised mapping generates a SHA‑384 hash that is stored on the Monad blockchain. The hash commits to:
This creates an immutable, auditable trail that can be presented in court or to collection societies.
The SMPT network is permissionless; anyone can run a verification node. Nodes stake SMPT tokens (not yet launched) to participate in consensus. Rewards are distributed proportionally to participation and correctness (detected by random challenge audits). Genesis node TRAPROYALTIES_PRO_01 anchors the initial state.
We analyse Sybil attacks, collusion, and data‑spoofing. The weighted‑consensus model, combined with economic slashing, makes attack costs prohibitively high. Formal verification of the smart‑contract components is planned for Q3 2026.
SMPT provides the first cryptographic infrastructure to systematically eliminate the black box. By bridging registries and anchoring truth on‑chain, we enable accurate, timely royalty distribution and full transparency for rights holders. Early testnet results show mapping‑gap reduction to below 0.3%.