Today, June 21 is a national Music Day in France, a country that aims to become a leader in fintech industry of Europe. Needless to say that Paris hosts one the most interesting summer events in cryptosphere, Blockchain & Bitcoin Conference France. But where’s the link between music and blockchain?
Today DLT is not only applied to financial sphere – it is used in the music industry as well. How can technology and art be connected? Take a look at the guide below.
This company is registered in France and deals with all elements of the music industry from the creation of work to organization of concerts and ticket sells. Artists get a possibility to take control over their works themselves and access the industry easily. With the help of smart contracts, the industry gets the lacking transparency and trust. Moreover, the platform unites the separate copywrite issues and ticket sells into one glabal market.
The network works on the Ethereum technology and ensures fair compensations payments to the artists. They are paid automatically when their music is accessed by labels, companies and various applications. DLT allows the open sharing of data and creation of decentralized database with information being secured. Ujo enables musicians to work without being dependent on anyone, keep their data safe and interact with their audience directly.
This Ethereum-based platform streams and distributes music. It helps musicians to connect with their fans and get fair revenues.The most important benefit of using the platform is that performers receive 100% payments and no information is hidden. The musical content is secured: no hacks or fraud takes place. VOISE provides access to music to all art lovers from all parts of the world, making it easy to enjoy musician’s work.