A licensing system and related methods are described utilizing aspects of distributed ledger technologies to facilitate trusted and verifiable licensing transactions for creative works. A client device can include an asset editing tool for incorporating an asset selected from a plurality of licensable assets into a new creative work. The selected asset can be downloaded for incorporation into the new creative work. The new creative work incorporating the selected asset can be analyzed to determine an amount that the selected asset contributed to the new creative work, or an amount that the new creative work is attributable to the selected asset. Based on the analysis, a smart contract associated with the new creative work can be generated to include license fees for licensing the new creative work, receive payment transactions for licensing the new creative work, and fairly disperse calculated portions of received payment transactions to a licensor of the new creative work and to another licensor of the incorporated selected asset.