Kanye West's Daughter North Will Have Friends on Tracks for Her Album

North West takes after her dad more than we thought -- 'cause one of his best friends says she's knee-deep in production for her album ... and it'll apparently be kid-friendly, literally.

We ran into Justin LaBoy Tuesday at LAX -- and he gave us some insight into how the "Elementary School Dropout" is shaping up after North announced her own project at a recent Kanye West listening event. As it turns out ... Papa Bear is guiding this whole journey.

Justin tells us Kanye is putting all his chips in on his daughter's rap career, and everyone in his camp -- including Justin, who's very much so in Ye's inner circle -- is super excited to see what she can do.

Considering she already has a verse on one of Kanye's latest hits ('Talking/Once Again') ... the feeling is, she can churn out more all by herself. Justin tells us that while Kanye is helping North, she's actually the one steering the ship in terms of creative ... which is wild.

He says North is doing beat selection, and is even picking the engineer she wants to work with. Also, she's apparently dropping a ton of freestyles on the regular these days -- so, sounds like she's gonna be doing some real rapping here for whole songs.

Not just that, but Justin goes on to tell us that North has actually had some of her friends in the studio with her already, and there's gonna be some tracks with a bunch of kids on there.

From what Justin says he's heard so far ... 'ESD' is shaping up to be a classic record.

While some might've rolled their eyes upon hearing that North was dropping her own album -- 'cause, y'know, she's a little kid and everything -- Justin says Ye and co. are very much so taking this seriously ... and based on what we're hearing, they think she can be a legit MC.

As Justin says himself ... she comes from Kanye's bloodline, and if anyone can do it ... it'd be her. Pretty exciting stuff -- guess we'll just have to wait and see what North's got.