Project approach
The music industry is a massive global ecosystem. It’s a multi-billion dollar market that is growing each year, with the potential to generate trillions of dollars in revenue for artists and rights-holders in coming decades. We are building a platform for musicians, songwriters, composers and rights-holders to get paid when their music is used across services like YouTube, SoundCloud and Spotify. A blockchain-led distributed ledger can solve several problems within the music industry today, including high royalty rates, slow transaction times and poor transparency into how rights are tracked.