ConsenSys Anticipates Moving Ujo Music Blockchain Rights Management Offering to Beta

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.....

From creating a music library for film and television to licensing blockchain-native content, projects are bringing music to the blockchain. While critics use the bear market as an opportunity to pounce on crypto and belittle its value, some projects take this chance to develop and launch industry-disrupting platforms on the blockchain. In July, firms launched or revealed their intentions to construct blockchain-based music licensing platforms that aim to change the way songs are licensed by reducing costs, removing intermediaries and bringing all of blockchain’s inherent benefits to the....

Colu, a platform using Bitcoin blockchain technology, today announced that it has beta launched its platform for developers. Individual developers and companies are now welcome to build on the Colu platform. In addition, Colu has announced Revelator as its first partner. Revelator is a cloud-based provider of sales and marketing intelligence for independent music businesses. Colu has developed a platform based on Bitcoin blockchain technology, which for the first time can be used by developers and consumers with little to no bitcoin knowledge to build and exchange digital assets for....

Last week music startup Revelator raised around $2.5 million by offering a new kind of tracking for music rights and for allowing royalties to be more efficiently distributed to the correct owners. At the heart of their proposed technology is the Blockchain which can be used to effectively record any kind of transaction or event. Similar to other companies, Revelator is finding applications for the Blockchain in other unrelated industries - in this case - music. The drastic efficiency and real-time updating of Blockchain allows Revelator to track the use of digital goods and distribute....

Revelator, a cloud-based provider of sales and marketing intelligence for independent music businesses, has raised $2.5 million this week in its recent Series A funding round led by Exigent Capital. Revelator promises to efficiently track music rights and distribute royalties to rights owners. It issues copyright registrations as digital assets secured by multi-signature authentication and enforces multi-party terms and jurisdiction compliance rules. Exigent was joined by Digital Currency Group, which invests in Bitcoin and blockchain companies. “If you have data every day, why can’t we....