split payments for digital download

[bish5555]

I have been using tools such as https://www.coinlock.com and http://satoshibox.com/ to sell digital downloads.

As a record label that uses bitcoin it would be useful to have a service that allows you to split the payment for the download between the label and the artist, let's say 50/50.

50% to the label wallet
50% to the artists wallet

This would create a trustless system for artists and labels saving on admin and legal stuff.

A step further would be to allow multiple addresses to be assigned percentages of the payment, providing royalties to all musicians involved.

[flower1024]

I have been using tools such as https://www.coinlock.com and http://satoshibox.com/ to sell digital downloads.

As a record label that uses bitcoin it would be useful to have a service that allows you to split the payment for the download between the label and the artist, let's say 50/50.

50% to the label wallet
50% to the artists wallet

This would create a trustless system for artists and labels saving on admin and legal stuff.

A step further would be to allow multiple addresses to be assigned percentages of the payment, providing royalties to all musicians involved.

sounds like a nice idea for bitpay.
what you can do: use a 2-2 multisig address. so at least no one can spent money without the other party signing it

[bish5555]

thx, i suppose you could have a multi sig wallet that only get signed off when, one party receives a payment..

[bish5555]

another method is a wallet that automatically splits any income to an address into defined percentages and sends it to the assigned addresses.
The percentage splits could be subject to multi-sigs before they are implemented.. 

[Sheldor333]

Looks like great sites. Hope they will be further improved, there is great potential in them.