Blockchain Innovator Launches Music Management Platform
Bitcoin innovation company Colu has utilized blockchain to create a music management platform for Revelator, a cloud-based music marketing company. The API, as stated in the Colu's recent press release, would help artists and music companies settle creative and distribution rights in a comparatively transparent ecosystem. The presence of the blockchain would further ensure a proper mechanism to grant rightful fees and royalties to artists in the form of digital assets, such as Bitcoin. Appearing as a relief to an infrastructural inefficient music copyrights system, the Colu-Revelator....
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Israel-based colored coins startup Colu has launched the beta version of its developer platform. Based on bitcoin's blockchain technology, the platform will enable developers and individuals to register and exchange digital assets. Additionally, Colu announced its integration with Revelator, a music business management platform. Amos Meiri, Colu CEO and co-founder, said in a statement: "The Colu team has been working closely with various companies to finally leverage blockchain technology in a consumer-friendly way. We're excited to launch this beta more broadly so solutions and services....
Consensus Systems (ConsenSys), the New York City-based blockchain venture production studio, plans to move its Ujo Music rights management and royalty payments platform into closed beta mode during 1Q 2017, according to Jesse Grushack, a ConsenSys Director and Ujo product lead. The Ujo Music “open music” platform is designed to concentrate artists’ identities and businesses within artist-owned websites, where their content is marketed, royalty shares quickly distributed via digital currency — and traditional industry entanglements avoided. Grushack made it clear that he sees Ujo Music as....
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....
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....
In an interview with Forbes, Union Square Ventures' Andy Weissman shared how blockchain technology could be applied to the music industry. Apart from tracking intellectual property rights on music streaming, it could also serve as a better model and means for profit-sharing among artists and producers. Blockchain is the public ledger of bitcoin transactions, which is updated and verified by a network of computers solving complex algorithms. As such, it is considered an immutable and irreversible record, yielding several practical applications in record-keeping and database management.....