BitShares Out to Make P2P Music Profitable
Bitcoin startup Bitshares is on a quest to make peer-to-peer music sharing profitable. The company intends to do so through the application of the blockchain technology to music file sharing. Peer-to-peer music file sharing is not a new concept. The original iteration of P2P music sharing, Napster changed music forever through its use. BitShares Music extends the ideas pioneered by bitcoin and Napster into issuing trust-free digital assets. These digital assets have the potential of fluctuating in value through sales of the artist's music. They can also be used to fund the artist and....
Related News
As of 10/24/2014, 41 days remain to participate in the Note pre-sale. The BitShares Music Foundation is auctioning 5 million Notes — Notes are a unit that is required to use BitShares Music, a technology ushering in the future of music. The funds will go towards launching the BitShares Music blockchain, ‘the first blockchain to be used by the masses.’ The genesis block will be distributed to BitShares Protoshares (PTS), Angleshares (AGS), pre-sale participants, and the BitShares Foundation. “35% of the Notes are going to the holders of BitShares PTS. 35% of the Notes to those who donated....
Ever consider what the future of the music industry looks like with the advent of blockchain technology? Cédric Cobban certainly has. Co-founder of PeerTracks and member of the BitShares Music Foundation, Cédric seems to have a clear vision when it comes to music's role in the emerging decentralized economy. I recently had the opportunity to speak with Cédric about the PeerTracks P2P music platform and his outlook on the future of music and what it means for both artists and fans. Also read: Bitshares Out to Make P2P Music Profitable. Listen, The Future Of Music. What is PeerTracks and why....
BitShares is envisioning the future of music with the launch of BitShares Music, but just what is BitShares anyways? According to the BitShares wiki:“BitShares looks to extend the innovation of the blockchain to all industries that rely upon the internet to provide their services. Whether its banking, stock exchanges, lotteries, voting, music, auctions or many others, a digital public ledger allows for the creation of distributed autonomous companies (or DACs) that provide better quality services at a fraction of the cost incurred by their more traditional, centralized counterparts.” To....
On July 19th, Bitshares announced that its Hong Kong-based partner DACS Unlimited is launching the first official, live Bitshares X chain. Bitshares X is the stock- and commodities-focused product of Bitshares, which aims to be a multipurpose platform for distributed versions of everything from insurance to music retailing. This makes Bitshares, arguably, the first functional iteration of what's known as a Distributed Autonomous Corporation - essentially, a distributed, centreless system much like the Bitcoin network, but able to execute commands more complicated than 'buy' and 'sell,' and....
The time has come for starving artists to finally make real money from their music. As the Internet disrupted the way record labels make their money, the blockchain is taking this another step by threatening to render them useless. PeerTracks is matching the artist up with the audience and allowing them to both make money, all the while spreading knowledge of the blockchain to the mainstream. I got a chance to speak with Cédric Cobban, the individual who, along with Eddie Corral, is orchestrating the unique Peertracks effort. What is Peertracks? PeerTracks is a music streaming/retail....