Consensus Systems (ConsenSys), the New York City-based blockchain venture production studio, plans to motility its Ujo Music rights management in addition to royalty payments platform into unopen beta vogue during 1Q 2017, according to Jesse Grushack, a ConsenSys Director in addition to Ujo production lead.
The Ujo Music “open music” platform is designed to concentrate artists’ identities in addition to businesses inside artist-owned websites, where their content is marketed, royalty shares apace distributed via digital currency — in addition to traditional manufacture entanglements avoided.
Grushack made it clear that he sees Ujo Music equally the ConsenSys stake-in-the-ground for engineering scientific discipline innovation, related investment in addition to collaboration, in addition to inwards entrepreneurship tied to industries producing creative content.
Grushack told Bitcoin Magazine that the unopen beta is probable to acknowledge entirely digital-music producers, initially. Ujo is instantly at proof of concept stage.
Roughly half-dozen months ago, Grushack said, he in addition to his colleagues began a serial of "deep dives into the music industry."
When they came upwards for air, they realized that spell it would last tough to remedy music manufacture problems that upshot from power-jockeying, regulatory in addition to policy impediments, in addition to other factors, they had at to the lowest degree 1 gear upwards clean shot on goal: "We realized nosotros could take away the bulk of the administrative burden behind a lot of this stuff, shorten the payments process, in addition to gear upwards music to a greater extent than opened upwards in addition to licensable."
Grushack said he no longer thinks mainly of "disrupting" the music manufacture because he realizes "a lot of times music labels yet receive got an of import purpose to play, equally inwards creative individual management.”
Equally important, he said, is achieving "a fragile repose spell trying to but shift the music industry," in addition to awaken labels in addition to others to ways blockchain infrastructure in addition to tools tin assist them dramatically expand the numbers of artists they tin accomplish internationally, in addition to to sources of revenue beyond radio in addition to television.
Veterans of the USA industry, inwards particular, are probable to last galvanized when they sense how Bitcoin in addition to blockchain permit them, for example, to accomplish out to other parties inwards Commonwealth of Australia in addition to "absolutely trust their access," he added.
"All of this is yet basically actually young, in addition to I intend nosotros actually receive got a lot of learning in addition to a lot of testing to come across what actually industrial plant inwards this space," he emphasized. As was truthful inwards the early on days of the internet, he said, at that topographic point are yet many tools to last built.
Nonetheless, he said it’s practiced to hold inwards heed that the Ethereum platform, upon which ConsenSys is builtis yet real young, although its progress over the by xviii months has been fierce.
The steady catamenia of novel offerings propose blockchain-adoption momentum is growing inwards the music sector, he said, citing equally an event the recent annunciation of the Berlin-based blockchain-enabled collaborative called Resonate, a stream-to-own entry.
Moreover, he said, it was exactly a twelvemonth agone that the Ujo squad employed its then-prototype platform to back upwards U.K.-based singer-songwriter, Imogen Heap, inwards the discover of her single, Tiny Humans, on the Ethereum blockchain. Users bought licenses to download, stream, remix in addition to sync the song. Payments were automatically dissever on the blockchain in addition to sent straight to all who collaborated amongst Heap.
Through its tech studio operation, ConsenSys builds decentralized applications in addition to developer in addition to halt user components deemed essential for services in addition to employment organisation models that are destined for the blockchain. In its venture role, the fellowship aims to serve equally a “hub” organization. Its roadmap features 13 “spoke” pathways or domains, inside which it creates, acquires, invests inwards in addition to otherwise collaborates for evolution in addition to advancement of related blockchain initiatives.
ConsenSys announced on Nov 1 that SingularDTV has adopted its uPort application, which features a self-sovereign identity in addition to key management scheme built on the Ethereum blockchain in addition to includes a mobile app, Ethereum smart contracts in addition to opened upwards root libraries.
The gear upwards "Ujo" is derived from an esperanto aspect for "container," in addition to was chosen to propose the infrastructure, assets in addition to safety of the blockchain-based offering, Grushack explained.
Blokur
A twelvemonth ago, Bitcoin Magazine listed PeerTracks in addition to Bittunes, equally good equally Ujo, equally blockchain startups intent on enabling performing artists in addition to others to receive got a freer manus inwards safeguarding in addition to commercializing their assets, spell speeding upwards payments to all who receive got rights to proceeds.
That same even out included comments from founding Ujo squad member, Phil Barry, a legacy manufacture veteran who played an instrumental purpose inwards advancing Ujo Music to prototype, but in addition to thence exited that squad early on this year.
Barry afterward established Blokur, headquartered inwards the London area.
Reached for comment today, Barry said Blokur remains to a greater extent than ofttimes than non inwards “stealth” vogue in addition to is non probable to last to a greater extent than visible until 2017. The Blokur domain was created inwards February, according to WhoIs.
Barry explained he began working on the Blokur employment organisation inwards earnest a few months ago. He said his squad includes legacy manufacture veterans in addition to exterior advisors. The advisors include, for example, a onetime Performing Rights Organization (PRO) executive, he confirmed.
“We are working at the instant amongst exactly about of the big music companies in addition to big music services on airplane pilot projects,” he said.
He characterized his early on operate on Ujo equally yielding “a real useful tool to acquire feedback from the the music manufacture nigh what blockchain powerfulness await like” inwards the music context.
Asked his persuasion of the legacy music industry’s posture regarding blockchain adoption in addition to novel employment organisation in addition to operating models, Barry said he sees “growing appreciation that this engineering scientific discipline could solve existent problems inwards the music manufacture in addition to that those problems are universally understood to last big plenty to invest in” to do remedies.
Barry noted that many individuals inside the legacy manufacture are personally real interested inwards blockchain, but are also extremely cautious non to associate publicly their employers’ brands amongst their personal exploration of the matter.
“It’s fair to enjoin that, at this stage, many people don't receive got a deep agreement of how blockchain engineering scientific discipline industrial plant in addition to how it volition supply the value.” So, he said, the task is to “prove to them that it has value, rather than talking to them nigh blockchain technology, which, at the halt of the day, is exactly a tool, exactly a technology.”
The postal service ConsenSys Anticipates Moving Ujo Music Blockchain Rights Management Offering to Beta appeared commencement on Bitcoin Magazine.
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