You can make every day of your life a masterpiece. Isn't that idea appealing? The question is, How? What does it take? Since the inception of the blockchain technology, people all over the world are adopting it and using it as major means of international and local transactions, sending money to friends and family or buying things online. It is faster and easier to use than ordinary money.
Blockchain technology is like the internet in that it has a built-in robustness. By storing blocks of information that are identical across its network, the blockchain cannot:
i) Be controlled by any single entity.
ii) Has no single point of failure.
Bitcoin was invented in 2008. Since that time, the Bitcoin blockchain has operated without significant disruption. (To date, any of problems associated with Bitcoin have been due to hacking or mismanagement. In other words, these problems come from bad intention and human error, not flaws in the underlying concepts.)
INTRODUCING TUNE TOKEN
Tune is a decentralized music production marketplace. Tune’s principal mission is to solve digital songwriter rights and royalty transparency issues for the music Industry. Tune Company is a software development and management company primarily focused is principal creating blockchain based technology, smart contract design and digital tokenized applications. Tune’s primary mission is to solve digital songwriter rights and royalty transparency issues for the music industry. Furthermore, the establishment of our tokenized products will enable applications the ability to offer user tipping and user/community incentivized rewards thru the sharing, creation and engagement of content as well as other features. Tune is proud to announce a licensing agreement with the TechCrunch Disrupt Cup award winning RecordGram application.
HOW IT WORKS
The Tune solution serving as an integration platform, the Tune Platform seeks to become the decentralized data and contract mechanism that will serve as an immutable ledger and integration hub to store all relevant data regarding contractual agreements between artists, producer and fans.
The objective of having a platform that houses all songwriter contracts is two-fold:
It grants transparency to the industry, in that any party can access and view the contractual relationship between them.
Payments to rights holders becomes equally transparent because each party is now bound
to TUNE smart contract that automates the payment process based on certain sets of pre-agreed upon conditionals, smart contract logic and compensation algorithms
Launch: Current Integration
The TUNE Platform is an evolving ecosystem that seeks to apply current technology and leverage the innovation it offers. Current plans call for RecordGram to be the first DApp to use the Tune Platform, potentially providing application for several on and off-chain solutions to accommodate shifting demands both internally and within the market. The Tokens will be used as a method of exchange to all stakeholders across the Tune Platform, initially within RecordGram, and in the future possibly with other integrated DApps to further add growth to the community.
Scale: Protocol and Utility
The next immediate goals of our current technical plan is to further enhance the Tune protocol, as outlined in this whitepaper, to attract additional DApps and expand the user base of RecordGram and any other early adopter to further democratize the music landscape. The community contribution of users across the
Tune Platform will be assessed using the algorithms described below in conjunction with existing blockchain technology to log in each transaction with Tune Smart Contract integration that will eventually distribute Tokens, credits and log contribution data after meeting a certain set of predefined conditions.
Token Utility & Protocol Dynamics
Protocol
The primary objective of the Tune protocol is to evolve based on market demands and adoption in conjunction with community feedback and, therefore, we anticipate that portions of our protocol will be rolled out incrementally. Tune’s protocol was designed to fulfill three main objectives in the interplay between consumption and contribution:
Verify the participant interacting with the smart contract
Calculate contribution to the ecosystem
Calculate compensation based on such interaction
Tune Credits and
Network Tokens
One of our primary objectives, beyond developing a music rights database and transparent royalty accounting model on the blockchain, is that community engagement will define the TUNE Platform.
That is why we have developed a compensation system that will hopefully incentivise all parties to
participate in the network by having stakeholder compensation commensurate to their contribution in the community. This will be tracked and executed by integrating Ethereum with Hyperledger's Fabric.
The TUNE Platform will be comprised of three types of tokens:
TUNE Token - TUNE (fungible)
TUNE Credits - TUNC (fungible)
Content Credits - CC (non-fungible)
CC - standard digital asset
eCC - encrypted-Content Credit
(required to access content)
Tokens will be freely exchangeable on the Tune Platform for TUNC, and holders of Tokens will be able to transfer Tokens to ERC-20 compatible wallets outside the TUNE Platform. TUNC will
serve as the TUNE Platform’s internal currency as a medium of exchange between artists and fans for content curation and consumption and between artists and producers for content collaboration, royalty and music right compensation.
At least initially, TUNC will not be transferable outside the TUNE Platform.
Stakeholders
Artist - this is the creative talent who authors the music or lyrics
Producer - this is an individual who finances a project and leases or sells beats
Fan - this is the person who downloads the app and uses it to consume content
Advertiser - this is an entity that advertises its product(s) or service(s) on the RecordGram network
Curator - this category is not mutually exclusive and is a person who curates content either passively (liking playlists) or active (building a follower base based on curated content)
Follower - this is a person who follows another person in the platform (could be a artist, fan, curator or producer)
Tune eventually envisions incentivizing the community when they participate in storing and streaming files, decreasing the overhead cost for storing fees.
Tune believes IPFS solves several problems:
- Eliminates the need of having a central server
for content hosting and streaming
- Download speed is not limited by the remote
server bandwidth channel
Simultaneous download from multiple nodes
Solve content-addressing and content-signing
security issues
- DDOS attacks are inefficient
ROADGRAM TIMELIINE
TUNE TIMELINE
MEET THE AMAZING FOUNDERS OF TUNE
MUSIC BUSINESS ADVISORS
To learn more about Tune check out the following channels
Website: https://www.tunetoken.io
Join the Telegram Group: https://t.me/RecordgramICO
Follow on Twitter: http://twitter.com/tuneblockchain
Follow on Medium: https://medium.com/tunetoken
Author Info:
Alpha.bounty0x username: sebastianlbj
