In Music Industries process a long queue of publishers, agencies, streaming services, etc.,
Artist receive his/her incentives after deducting all these middle men like publisher,agencies,streaming services . Its long queue between artist to end user & take good time to get incentives or profit.
Using smart contract, end user & creator or artist can build direct relationship. Once end user pay for any music or creative item , Artist or creator receive his/her payment or incentives without any delay or intermediaries.
Blockchain as a service platform is ready to be launched in 2017. Its name is Ujo Music -based on Ethereum Blockchain. And certainly, the artist would receive its cut in Ether (ETH)
Below options & Features are available :
Creator’s Identity
The Artist Portal assembles data around creative works and the use of those creative works that can be used by applications but will always remain in the artist’s control.
Publish Upon Upload
By using Ethereum, gone are the days where you need to register copyright and sign with a publisher to enforce the payment of someone using your creation. If your work is original, simply upload your track and it’s published.
Control Licensing Options
Download, stream, sync, no matter how your music will be used, you should control the rate at which you’re paid. Set default options or tailor license types specific to applications from within the Portal.
Set Distributions
After publishing and assigning licenses you can push your catalogue to different applications, including your own Ujo powered store
Resource : https://ujomusic.com/