Blockchain ecosystem for music royalty distributions
Overview
Client is seeking $20 million to build a Blockchain ecosystem for music royalty distributions, including:
- Digital platform to capture rights, licenses, and process payments with simpler, better and more efficient technology/workflow
- Greater transparency of from where royalties are being derived, control to copyright owners, handle significant and growing data, and faster payments to owners
- Music companies spend millions on custom application development, and then must rewrite software as the industry changes
- tracking artist rights by spreadsheets and antiquated systems
- significant opportunity to disrupt this market with more efficient technology
- Client has delivered software solutions for global music industry clients for over twenty years
- Client has consistently generated revenue and earnings from its traditional software services platform
