What is the practical use of your project?
Music industry has a long history plagued with ownership and copyrights issues. In addition, many artists, especially the new comers, find it extremely difficult to monetize their work with current social media ecosystems. It is so, because most of these platforms operate in such a way that the income generated from artists work is retained by these platforms while leaving little or no income for the content creators. Furthermore, there are many frictions between artists and the other stakeholders in the music industry such as media organizations, event management companies, talent agencies, studio producers, etc. as they are often found to be functioning in silos. As a result, the artists are faced with many difficulties including managing their content, organizing events and engaging with their fans.
Blocform SOLVES these problems through an innovative mobile app-based platform and an entire ecosystem built around it. The platform makes use of the blockchain technology that allows artists to fully own and manage their intellectual property without any third party involved. Ecosystem also provide several benefits such as e-commerce(tickets, merchandise etc.) and eases cooperation with fans.
