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Topic: [ANN]Potentiam-The Blockchain Music Platform - page 28. (Read 194705 times)

jr. member
Activity: 238
Merit: 2
Due to the fact that smart contracts appeared and began to develop, there were opportunities to do things that had not been possible before.
This is a revolution, thanks to which contracts have been developed that are carried out only after the fulfillment of the set conditions.
newbie
Activity: 140
Merit: 0
Due to the fact that smart contracts appeared and began to develop, there were opportunities to do things that had not been possible before.
jr. member
Activity: 168
Merit: 2
Music is an important part of our life, without which we no longer represent our existence, because it appears in our lives since our birth.
jr. member
Activity: 238
Merit: 2
If the music service plays the song, the smart contract can automatically transfer the royalty to the rights holders, dividing it according to the specified shares.
Until recently, this was impossible, because we did not have a publicly available financial system that supports programmable transactions.
Now the computer code can initiate payments, and even there is an opinion that smart contracts will become a "killer application" of the crypto-currency world.

That's right, with the help of smart contracts, the copyright owner can control the use of his music by integrating the relevant information into the file.

Using this approach, it would be possible to create music services that work without human interference and disagreement over the terms of the contract.
newbie
Activity: 140
Merit: 0
If the music service plays the song, the smart contract can automatically transfer the royalty to the rights holders, dividing it according to the specified shares.
Until recently, this was impossible, because we did not have a publicly available financial system that supports programmable transactions.
Now the computer code can initiate payments, and even there is an opinion that smart contracts will become a "killer application" of the crypto-currency world.

That's right, with the help of smart contracts, the copyright owner can control the use of his music by integrating the relevant information into the file.
newbie
Activity: 168
Merit: 0
If the music service plays the song, the smart contract can automatically transfer the royalty to the rights holders, dividing it according to the specified shares.
Until recently, this was impossible, because we did not have a publicly available financial system that supports programmable transactions.
Now the computer code can initiate payments, and even there is an opinion that smart contracts will become a "killer application" of the crypto-currency world.
jr. member
Activity: 168
Merit: 2
If the music service plays the song, the smart contract can automatically transfer the royalty to the rights holders, dividing it according to the specified shares.
Until recently, this was impossible, because we did not have a publicly available financial system that supports programmable transactions.
jr. member
Activity: 168
Merit: 2
If the music service plays the song, the smart contract can automatically transfer the royalty to the rights holders, dividing it according to the specified shares.
newbie
Activity: 168
Merit: 0
Millions of microtransactions are performed every day in the music business.

Yes, but it is almost impossible to find out exactly who owns and how much money is owed, which is why payments are delayed or even canceled.
Currently, there is no central database to store all this information.

Today, this information is scattered among many organizations, each of which considers it their property.
jr. member
Activity: 252
Merit: 1
Millions of microtransactions are performed every day in the music business.

Yes, but it is almost impossible to find out exactly who owns and how much money is owed, which is why payments are delayed or even canceled.
Currently, there is no central database to store all this information.
newbie
Activity: 154
Merit: 0
Millions of microtransactions are performed every day in the music business.

Yes, but it is almost impossible to find out exactly who owns and how much money is owed, which is why payments are delayed or even canceled.
newbie
Activity: 154
Merit: 0
Millions of microtransactions are performed every day in the music business.
jr. member
Activity: 168
Merit: 1
Every day we hear artists complaining about a lack of transparency in the music business and unfair compensation for the use of their music in digital services.
newbie
Activity: 168
Merit: 0
Also the Potentiam project can revolutionize the monetization of music.
I agree with you, the infrastructure is based on smart contracts - programs that can be launched through a blockchain of cash in parallel with the payment procedure.

This way a new kind of music services can appear on demand.
Users will be able to select songs and immediately transfer money to copyright holders while listening.
newbie
Activity: 168
Merit: 0
Also the Potentiam project can revolutionize the monetization of music.
I agree with you, the infrastructure is based on smart contracts - programs that can be launched through a blockchain of cash in parallel with the payment procedure.

This way a new kind of music services can appear on demand.
jr. member
Activity: 238
Merit: 2
Also the Potentiam project can revolutionize the monetization of music.
I agree with you, the infrastructure is based on smart contracts - programs that can be launched through a blockchain of cash in parallel with the payment procedure.
newbie
Activity: 112
Merit: 0
Also the Potentiam project can revolutionize the monetization of music.
jr. member
Activity: 154
Merit: 1
With so many conflicts of interest, it seems that no service or business model will be able to organize everything so that everyone is satisfied
Yes, but now, after years of complicated and debilitating relationships with modern technologies, the music industry seems to have found the right direction for development in the use of blockchain - technology
Blockchain attracted the attention of investors and specialists from different areas, and now many signs indicate that in the music industry this technology can help meet the demands of all players.
jr. member
Activity: 168
Merit: 2
With so many conflicts of interest, it seems that no service or business model will be able to organize everything so that everyone is satisfied
Yes, but now, after years of complicated and debilitating relationships with modern technologies, the music industry seems to have found the right direction for development in the use of blockchain - technology
jr. member
Activity: 98
Merit: 1
With so many conflicts of interest, it seems that no service or business model will be able to organize everything so that everyone is satisfied
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