News : Giving Musicians What They Deserve w/ Ethereum Blockchain
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#1
z Ethereum 
Quote:Harmonizing the data

The first step to making sure musicians and publishers are paid out appropriately is reconciling information, so that a consistent set of data can be added to the ethereum blockchain.

According to Martin-Lopez:

"Reconciling all these different data sources, we're using smart algorithms to resolve inconsistencies in the data automatically, and we're capturing the data and writing a state on the blockchain for each individual's music rights."

If that sounds complex, that's because it is. Every record company, publisher, musician, music rights non-profit has its own internal record of the people, bands, song titles and purchases. But many times those records can be wrong, with misspelled names or incorrect spacing or erroneous capitalization in band names – all discrepancies that can lead to right holders not getting paid.

Blokur is using machine learning software to help the company catch these mistakes, and then fixing them on a new aggregated list that can be added to the blockchain. According to Martin-Lopez, that system makes music rights management as much as 70 percent more efficient.

In addition to removing inconsistencies, Blokur also tracks the percentage stake each right holder has in a specific piece of music, paying them out directly with cryptocurrency.

And that process, Martin-Lopez estimates, earns each counterparty 4.4 percent more income on average.

Growing the platform

With music and other arts in the U.S. alone contributing $704 billion to the economy in 2016, the space has piqued the interest of plenty of blockchain entrepreneurs, which will mean strong competition for Blokur.

And even with its experienced team, others in the market have founders and advisers with equally strong backgrounds. For instance, Imogen Heap is developing a blockchain-based platform for music called Ujo, and Slovenia-based Viberate has snagged two high-profile advisers: bitcoin entrepreneur Charlie Shrem and Pinterest chief scientist Dr. Jure Leskovec.

However, Blokur contends it will launch a commercial product soon, after releasing its first product for helping music publishers manage composition rights in beta earlier this year.

Currently, the company is engaged in negotiations "with several large publishers, performing rights societies and artists," and has been collecting data from early adopters on how to improve the platform.

Source : Coindesk

As a musician myself, I think this could be a really great project. The guy already works with Radiohead, will.i.am and Imogen Heap, and over 10,000 songwriters.

Just another great reason to buy more ethers! Big Grin Big Grin

What do you think about this development?
hodling till Im odling
Ethereum, IOTA, Lisk, OmiseGo, Blackmoon Crypto
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#2
Hey I play too ! Mostly drums but I've been trying to pickup guitar .

this is one of many applications that block chain can help solve ! thanks for the Twitter btw !
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#3
(11-20-2017, 06:46 PM)Decentralized Investor Wrote: Hey I play too ! Mostly drums but I've been trying to pickup guitar .

this is one of many applications that block chain can help solve ! thanks for the Twitter btw !

Rox and I actually jam together - we could use a drummer if you're in the Boston area!  Tongue

This is some.more great news for Ethereum.. musicians have been getting the shaft for way too long.
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#4
(11-20-2017, 08:35 PM)EtherWin Wrote:
(11-20-2017, 06:46 PM)Decentralized Investor Wrote: Hey I play too ! Mostly drums but I've been trying to pickup guitar .

this is one of many applications that block chain can help solve ! thanks for the Twitter btw !

Rox and I actually jam together - we could use a drummer if you're in the Boston area!  Tongue

This is some.more great news for Ethereum.. musicians have been getting the shaft for way too long.

ah man I'd love to jam with some fellows cryptos but I'm on the other side of the rock . 

you're right though , I only play for fun but I have a few friends here - probably people you may have heard of -  but they really don't get paid that much from the actual music sales . fortunately there are other avenues of income for them and their stardom helps, but I also know plenty of people that make great music somewhat successfully and still have full-time carriers outside of music just to pay the bills .
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#5
(11-20-2017, 08:59 PM)Decentralized Investor Wrote:
(11-20-2017, 08:35 PM)EtherWin Wrote:
(11-20-2017, 06:46 PM)Decentralized Investor Wrote: Hey I play too ! Mostly drums but I've been trying to pickup guitar .

this is one of many applications that block chain can help solve ! thanks for the Twitter btw !

Rox and I actually jam together - we could use a drummer if you're in the Boston area!  Tongue

This is some.more great news for Ethereum.. musicians have been getting the shaft for way too long.

ah man I'd love to jam with some fellows cryptos but I'm on the other side of the rock . 

you're right though , I only play for fun but I have a few friends here - probably people you may have heard of -  but they really don't get paid that much from the actual music sales . fortunately there are other avenues of income for them and their stardom helps, but I also know plenty of people that make great music somewhat successfully and still have full-time carriers outside of music just to pay the bills .

rock on !  Big Grin Big Grin Cool Cool
hodling till Im odling
Ethereum, IOTA, Lisk, OmiseGo, Blackmoon Crypto
Reply
#6
https://www.blokur.com/ is a dead link,

this is all I found for these guys,

https://angel.co/blokur

Looks like a small team, I wish them luck! If they do this right it would be a very good thing.

I found another company using blockchain to cut out the middleman, Voise
http://allcoinsnews.com/2017/11/21/block...-alliance/
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