How Soundslip Works
The Soundslip coordination layer is designed to combine three different protocols into one tool:
1) Chia Blockchain
The Chia blockchain provides a data and transaction layer through identity and asset tokenization standards. In-app, this will usually have to do with:
- Peer-to-peer trading via Chia offers
- Tagging NFTs with audio metadata and linking to audio files
- Associating NFTs and other assets with a user's identity (DID)
- Providing a secure way to encrypt and decrypt audio files stored on the DIG network
2) DIG Network
The DIG network is a newly developed decentralized storage network built on top of the Chia blockchain. It incentivizes peer node operators to host and deliver files at a low cost. In-app, this will usually have to do with:
- Funding your audio NFT file hosting
- Uploading your audio files
- Providing an address to your audio NFT file in your NFT metadata
3) LIT Protocol (or Matrix Secure P2P Messaging)
The LIT protocol is a decentralized authentication layer built on Ethereum. While not part of the Chia ecosystem, it serves as a proof-of-concept authentication layer and may be replaced by a more decentralized solution in the future. In-app, this will usually have to do with:
- Setting up your audio NFT with a distribution plan (single or multiple IDs, subscription or one-time trade)
- Encrypting your audio file and uploading it to the DIG network
- Providing a file address in your audio NFT metadata
- Enabling users to receive decrypted audio files after completing a Chia offer
Alternative: Using Matrix Instead of a P2P Authentication Protocol
If avoiding a P2P authentication protocol entirely and using Matrix instead, users will:
- Create DIDs with links to their Matrix account
- Share decryption keys directly with users
This approach would require bonding DIDs to a reputation system to prevent fraud.
Research is required to determine if keys can be shared in an automated way to ensure that once a Chia offer is completed, the user is guaranteed to receive the unencrypted file.
What This Enables
By integrating these three protocols, the Soundslip coordination layer allows users to:
- Trade NFTs freely on an open market
- Distribute NFT-associated audio files securely to their fans
- Operate their private creator economy as close to cost as possible