Music Platform Raises $2.5 Million For Blockchain-Based Music Rights Technology
Last week music startup Revelator raised around $2.5 million by offering a new kind of tracking for music rights and for allowing royalties to be more efficiently distributed to the correct owners.
At the heart of their proposed technology is the Blockchain which can be used to effectively record any kind of transaction or event. Similar to other companies, Revelator is finding applications for the Blockchain in other unrelated industries - in this case - music. The drastic efficiency and real-time updating of Blockchain allows Revelator to track the use of digital goods and distribute royalties to their owners when they’re due.
https://cointelegraph.com/news/music-platform-raises-25-million-for-blockchain-based-music-rights-technology
Topic: [2016-09-12] Music Platform Raises $2.5 Million For Blockchain-Based Music (Read 240 times)
September 12, 2016, 09:02:02 AM
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