MUSE: Leveraging Blockchain Technology To Revolutionize Music Industry
While growing interest in blockchain technology from companies to governments shows little sign of abating and even the Chinese authorities are looking to create their own digital currency, the power of this technology is also being harnessed for deployment in other industries – including music. Now fintech platform OpenLedger and Danish bitcoin exchange CCEDK are joining forces with MUSE, a music-tailored blockchain, to make monetizing music as easy as new peer-to-peer (P2P) platforms made distributing it 15 years ago.
Just as music distribution was ripe for disruption back then with the rise of P2P file-sharing platforms, so blockchain technology is now offering new opportunities for its monetization.
PeerTracks, a music streaming and retail platform company, is the first outfit to use the brand new MUSE network, in partnership with CCEDK and OpenLedger.
and more at Forbes site:
http://www.forbes.com/sites/rogeraitken/2016/01/23/muse-leveraging-blockchain-technology-to-revolutionize-music-industry/#5ffcab8632b5
