The Blockchain technology once again invades the cultural scene, this time with the American rapper Mims, who recently announced the promotion of a project based on distributed accounting technology.
The project of the company entitled 'RecordGram' aims to bring the discographic world with the latest advances in the Blockchain, to optimize the payment of royalties.
The new platform will have a system that, in addition, will allow the automatic processing and registration of copyright and then assign royalties for artists, through the use of tokens called "Tunes".
According to the media, Mims will be discussing this project during the "Crypto Influencer" Summit this month, in which he will also perform on stage.
Note that the summit will be part of the events of Blockchain Week in New York, this May 17. In addition, it will be sponsored by the social media platform based on Blockchain 'CrytoInfluence.io' and BOOSTO.
Among the other functions that the RecordGram platform has, you will also find the option to record, listen and share audio pieces with other artists through its mobile application format.
Mims clarifies that the cryptocurrency "Tune", licensed by RecordGram, intends to "solve current problems on the copyright of music composers and transparency in the transactions of royalties in the industry".
Technological advances have encouraged the optimization of previously slow and excessively expensive systems.
A few weeks ago, the Sony company issued a patent in which it proposes the launch of a platform supported in Blockchain to manage digital rights data (DRM).
More and more artists are joining the current financial trends, either in search of progress in a specific area or to raise funds for campaigns. In this sense, the French artist Pascal Boyart, who creates beautiful pieces of urban art related to cryptocurrency and decentralization, recently announced the collection of US $ 1,000 in bitcoins through donations acquired with the QR codes that he places in his street murals.
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