Will Blockchain revolutionize the Music Industry? VOISE believes it will!

Most people who have been in crypto for long time immediately realize there’s something wrong in the distribution model of digital goods. This is very clear when talking about music, but the same flaws affect the whole digital market, from mainstream books to scientific publications, digital artworks and artistic photos. Once you’ve experimented for years the possibilities offered by the p2p technology it is hard to accept a model where a central distributor keeps a larger share of profit for itself not just only for offering a service but rather for taking advantage of its dominant position on the market. This is a fact, the huge level of profit in this industry speaks for itself.

To be clear, all the p2p discussion you’ve followed in these years and that led the rise of the Pirate Party in the far 2006 is not about piracy. It is about fixing a broken system. Who does a work has to be compensated, it is a right and there are no doubts about that. What it is hard to understand, and often makes people mad, is… why we should use a system that brings advantage to a few when the technology allows different options?

VOISE recently presented its plan to change the music distribution model and comes out with the revolutionary idea of distributing 100% of the revenue to the artists. Can this model work? I believe it possibly can. The business model is focused on monetizing the extra services offered to both artists and consumers and not on taking advantage of a right of distribution. It makes sense, and a model that makes sense can work. Probably there’s enough money in the collateral services to make a more than fair profit. Time will say, but so far it appears to be one of the most innovative ideas on the scene today.

According to their roadmap, the development team is focused on creating an easy-to-use platform targeting the mainstream user, not just the crypto skilled people, making the platform usable to anyone. This makes the platform a bridge between two worlds and potentially opens a window on the power of blockchain technology to the vastity of users who are completely unaware of its potential. In fact, VOISE will also include support for fiat currencies on the platform.

Funding of the Project & the Voisium Token

To fund the project VOISE is running a Crowdsale Campaign based on the Ethereum smart contract system. The campaign started May 6, 2017 and ends June 6, 2017. There will be 92 million tokens (VSM) for sale at 0.000625 ETH per token. VOISE is using an Ethereum smart contract to ensure everything is done in a transparent manner. Users are advised not to use exchange wallets to participate in this ICO, as they can’t recognize the token ownership.

To be successful the crowdsale requires a minimum of 1.2M tokens sold (7500 ETH). In case this amount is not reached, funds are returned to the investors. Unsold tokens, if any, will be burned and development fund will also be reduced at 5% of the total supply. The max fundraising goal for the project is 57500 ETH, in case all 92M tokens are sold.

Voisium is the currency of the VOISE platform, in the form of ETH Token. Ticker is VSM and the supply of tokens is static and limited, 100M units (92M allocated for crowdsale). They will be used to purchase content on the platform. Built around Ethereum technology, the users can store the tokens on their personal desktop wallets or on the VOISE platform, send them to their friends or trade on the cryptocurrency exchanges, just like any other ETH token.

The post Will Blockchain revolutionize the Music Industry? VOISE believes it will! appeared first on Bitcoin Garden.

Komentar

Posting Komentar

Postingan populer dari blog ini

Transformation of education in post-industrial society

Gambar
Education has always been an expensive privilege; and the education sector has always been one of the most conservative. People chose profession once in their life and did not change it until retirement. Usually education meant studying at a university; self-taught people were rare. However, in the post-industrial society changes in the shape, sense and affordability of education finally began. According to Alvin Toffler, a well-known US sociologist, the emergence of the post-industrial society is a consequence of the intellectual revolution. The possession of knowledge and information will replace financial capital as the biggest value. Development of innovations, empowered by the most educated, will become the most important sector of economy. It means that high-quality affordable education will become even more important than now. The last time when the global education experienced a serious transformation was at the very beginning of the 21st century when the wide access to the I...
Baca selengkapnya

Blockchain Supply Chain Forum will be held on January 10th in Hong Kong

Gambar
The concept of a blockchain – a distributed, tamper-proof and time-stamped database of transactions that can be managed without intermediaries – is highly attractive in the supply chain domain, and the industry has launched a number of proof-of-concept initiatives. However, awareness of how blockchains work and what they can accomplish for supply chain is still relatively low. The lack of knowledge is exacerbated by the fast pace at which the technology is evolving. A success Blockchain Supply Chain Forum was held on October 24th in Shanghai, professional blockchain organizer EventLinker and Global Supply Chain Council will organize the Blockchain Supply Chain Forum on January 10th in Hong Kong, it is the forum connecting blockchain experts, supply chain and logistics decision makers and tech innovators. This intimate gathering will explore how companies are investigating the use and deployment of the technology to help their supply chains in China. Organizer: EventLinker ...
Baca selengkapnya

After GDPR effect? In A Post Cookie World, Blockchain Is Rising

Gambar
The European General Data Protection Regulation (GDPR) was rolled out in May this year. It introduced far-reaching implications for companies which process personal data related to EU citizens. Even those far outside the EU could not fail to notice this change. Email inboxes were overflowing with opt-out reminders. Cookie banners now obscure many websites, forcing users to agree to a privacy policy so that they can browse the content on the site. Although the GDPR document itself clocks in at 88 pages, the majority of what it covers can be summed up in one word — consent. If companies are processing personal data, it must be done with the explicit, informed consent of the individual. For some forms of marketing, such as email subscriber lists, this involved minimal changes. Individuals already have to take the active step of providing their email addresses, and usually it is pretty clear why they are asked to do so. However, for the digital advertising industry, consent is far less ...
Baca selengkapnya