Topic: MAESTRO Revolutionizing the Digital Music World (Read 65 times)

Introduction: A Blockchain-based Music Streaming Platform
for Artists and Listeners

Blockchain technology is undeniably changing the face of the digital music industry. However,
existing blockchain music services focus solely on improving established streaming and distribution
structures, and fail to address fundamental problems of the current industry. Future music products
developed with blockchain, unlike their predecessors, must utilize the technology to provide
innovative functions that revolutionize the music industry at its core.
Maestro started with such a need, to solve a problem that plagues the music industry today: namely,
the unfair structure of the industry itself. Third parties, such as labels and agencies, currently reap in
over 80% of generated profits, leaving artists with barely any support and struggling with financial
burdens. Music player companies only exacerbate this inequality through inefficient bureaucracy.
We at Team Maestro believe that for both music and its industry to thrive, we must provide an
environment focused foremost on promoting the creative efforts of artists and guaranteeing their
fair compensation. Therefore, we propose a blockchain-based music platform that acts as a creative
ecosystem established on virtuous cycles of mutual cooperation between creators and consumers.
Music distribution rights are currently monopolized by third parties such as labels and production
companies, who have used their influence to control the resulting profits. The inequality inherent
in such a distribution structure affects not only artists, but also consumers, who become burdened
with unreasonable prices they must pay to enjoy music. Maestro aims to create a transparent
industry through decentralization with blockchain technology. By leaving out the "middlemen" from
the process, consumers will be able to use streaming services at considerably more reasonable
prices.

Website : https://maestroproject.io/?lang=en
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