Are We Seeing A New Level Of Blockchain With The Music Industry

I know I usually post beats but this time I'm doing a blog for exciting news that's come out real recent with cryptocurrency and music!

First I would like to tell you all about my experience with using cryptocurrency for my music! It's been very useful for money management. I would take my money from music and put it into interest, and made cryptocurrency from streaming.

I've been doing research into the blockchain involving the music industry for the most I've seen is that they use blockchain technology to bring payments to rightful owners which is an outstanding accomplishment already. It's used through nodes and code which isn't indifferent from how cryptocurrency is used for many other reasons just in case few didn't know. In all respect we all know what cryptocurrency is if you're here I'm not the one who knows everything with coding and using nodes but in the center of everything are these two things. The new technology to help people get paid is solid as for streaming and earning from cryptocurrency is a different story.

Here is a piece of an artical from www.recordoftheday.com I have no part in writing these next 6 paragraphs

20 October 2020 - Press release

Verifi Media (Verifi), a media-tech innovator of dynamic music data management solutions, is expandingits ground-breaking solutions and launching the recorded music industry’s first blockchain-anchored data engine and registration service for musical works with inaugural partner Unison Rights, S.L. (Unison), a Barcelona-based EU IME (Independent Management Entity) dedicated to collective management of copyrights.

Verifi’s breakthrough data engine is the missing link, empowering the entire recorded music supply chain with an unprecedented, game-changing technology solution to historic, complex problems resulting from incompatible data, and ever-changing rights owners and distributors. It offers a newfound level of capabilities to bolster and propel the individual approaches being used in the industry to register and manage both copyrighted works and recordings data, as well as media assets.

Unison is integrating Verifi’s data engine for rights management organisations to supercharge its modern, transparent, and efficient global administration platform. The IME currently manages 740,000 copyrights for over 120 clients, including leading songwriters, producers, music publishers, and other international CMOs. Through the partnership, Unison is the world’s first music rights management organisation to work with blockchain technology from inception.

“We are thrilled to be working with Verifi in such a ground-breaking project. After years of hard work and innovation, the music works ownership data management platform that we dreamed of is now a reality. We believe that Verifi’s data engine will help bring more transparency into the global music data ecosystem, which will decisively enable a fairer and faster distributions,” said Jordi Puy, Chief Executive Officer of Unison. “Now more than ever we need to apply technology to support creators and contribute to improve music copyright usage identification, collection, and distribution. We hope that every stakeholder, from writers to independent and major publishers, as well as to rights management organisations, will join this revolution for the benefit of all."

In partnership with many media companies, Verifi’s music, tech, and finance experts developed and tested the multiparty, interoperable data engine over four years and cracked the code. With a completely reinvented approach to determining who owns and administers the rights to a song, the solution leverages the most advanced technologies, including enterprise blockchain, AI, data scoring, and audio watermarking. Fostering collaboration and communication, the data engine streamlines complex metadata and media asset management with a significantly better way to manage changes in both internal and external data.

In June, Verifi launched its first commercial service for recordings to support product and asset data management by digital distributors, major and indie labels, artists, DSPs, and other stakeholders. FUGA, an industry-leading music distribution company, was the first to make Verifi tools available to their clients who can opt-in through FUGA’s platform. With Verifi's blockchain data engine and registration service now available for both recordings and copyrighted works, the company is currently in new development to align industry verticals within the same data hub environment to share data. This will allow Verifi clients to take advantage of better dynamic data for their businesses.

I've seen many other articals about this type of thing now that I've stumbled onto this information I had to blog about it on Hive because a lot of this information isn't too much popular not to the world but to artists, like me. Music business was very different 10 years ago A lot of money wasn't being paid out like it should've been. This had a lot to do with greed and at most a system that couldn't send every transaction to where it should've been sent to. There were indeed record companies that had checks and money that they would've sent out but had no idea to whom it was going to.

This led to even recently a huge wall for artists who didn't really get all and when I say AAAALLLL THE MONEY THEY DESERVED FROM THEIR PRODUCT!! I am someone who believes that if anyone works for anything they've done they should be paid for it, if someone does something for me that's monetary they should enjoy it too. It's the way I am it's even a part of my business. If someone gets me paid they should be paid as well. I have found a great way to use this strategy and it's called references!

If someone out there knows anyone who is looking for beats, mixing services, marketing services, and contract reviews who will pay then my references get money, plain and simple there is no bull jive behind it and there is no problem!

So now that things have changed I'm looking forward to hearing more information to come out and to implement these things myself I'm excited for whats to come!

I hope you enjoyed my blog please leave a comment of your opinion with Blockchain music!

Feel free to listen to my beats on soundcloud!!

https://soundcloud.com/user-937829779-87064922

If you or anyone you know is into music and in need of services feel free to get at me on my gmail [email protected]