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Do you know any of these Artists? Probably not.. There is a staggering depth of talented musicians all over the world who are making amazing music, but the world lacks a unified distribution platform to enable us to find them. The foundation of such a platform must be a simple independent system for recording ownership, and on top of that foundation, a monetized trading platform using distributed computing technology.

The case for an ‘Open Rights Portal’ for Independent Music.

Or.. why a global Blockchain for music doesn’t need an Exit.

The organizers simply did not understand (or were not willing to honor) the implicit idea behind Blockchains.. Openness, Transparency and the deeper implications of Decentralization.

To understand why the Music Industry is primed for massive disruption, consider all the music it excludes..

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Hmmmm… Really?
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Music is uniquely suited to being packaged as a digital commodity..

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The answer is simple, decentralize control.. and push monetization down to the network

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The Bittunes system currently works something like this.. With each sale, five previous buyers are selected to earn a percentage of the sale revenue, based on an algorithm that rewards loyalty within the system. But the system pivots on the Primary Publisher status of the Artist to authorize the trade.

Solving this problem is crucial for a healthy global music ecosystem..

The role of Bittunes in relation to the open rights portal.

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Written by

Technophile, Bitcoin die-hard, P2P evangelist, MD at Edgelogic Ltd. and bittunes.com, award winning songwriter, left leaning business person, proud father.

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