15 49.0138 8.38624 1 0 4000 1 http://latest-mobile-news.com 300
  • Phone X UI mobile app html template. Color scheme Phone X UI template comes best 10 color combinations CSS along with multi layout styled pages

Startup raises $2.5 million to manage music rights using blockchain

Https%3a%2f%2fblueprint-api-production.s3.amazonaws.com%2fuploads%2fcard%2fimage%2f198392%2fgettyimages-78120048

Feed-twFeed-fb

Revelator raised $2.5 million this week by promising to efficiently track music rights and distribute royalties to rights owners. 

To do that, the startup is using blockchain — best known as the technology behind Bitcoin — to get money to musicians and managers more quickly.

A blockchain is a shared ledger that can record almost any kind of transaction. For Bitcoin, the blockchain keeps a public record of financial transactions made using the digital currency. 

The key innovation is that blockchain doesn’t require any central control. 

Revelator is harnessing that technology for the music industry. The immediacy of blockchain’s record-keeping allows Revelator to track uses of digital assets and get royalties of any size to those owed as fast as possible.  Read more…

More about Revelator, Rights Management, Record Labels, Bitcoin, and Blockchain

Powered by WPeMatico

Share:
Category:Bitcoin, Blockchain
PREVIOUS POST
What to stream on Hulu in September
NEXT POST
<div>An appreciation of the McDonald's employee with Down Syndrome who just retired after 32 years</div>
Please wait...

Subscribe to our newsletter

Want to be notified when our article is published? Enter your email address and name below to be the first to know.