Blockchain

Apple-Dubset Deal Marks A Rights-Tech Milestone

DJ_2010Apple Music this week tapped rights-tech developer Dubset Media to manage clearances and royalty payments for DJ mixes and other mashups, opening the way for thousands of hours of user-generated content to be made available legally on the streaming service.

The deal, which relies on Dubset’s proprietary technology for identifying the individual tracks used in extended mixes and making payments to the appropriate rights owners, marks a milestone for electronic dance music (EDM) and other types of derivative work, such as DJ mixes and remixes, which have become hugely popular with music fans but until now have largely been kept off the major streaming services due to the difficulty and complexity of clearing the rights for the dozens of tracks they typically include.

Instead, most EDM and DJ mixes wound up on platforms like SoundCloud, which until recently had no licensing deals in place with music labels or publishers, or on underground streaming services that are less particular about copyrights.

“Our genre has grown hand in hand with the rapid growth of streaming and digital services yet, despite billions of online plays, most of our creators and rights-holders earn very little for their efforts compared to their ‘pop’ peers,” Association of Electronic Music CEO Mark Lawrence told Music Business Worldwide in response to the Dubset announcement. “This is the first move to correct the imbalance.”

Fighting Fraud And Piracy With Blockchain

www.verisart.com-2016-03-24-18-34-07-768x404 Anyone who has ever posted a photograph or original piece of artwork on the internet knows that credit is fleeting. No sooner is it pinned, retweeted or shared then any metadata or watermark linking it to its source is stripped away or simply left behind as it spirals across social media platforms. By the time it reaches the end of the viral chain, even if someone wanted to offer proper attribution that information is all-but impossible to find.

A growing number of entrepreneurs are starting to tackle the issue of digital attribution and authentication, however, by leveraging the Bitcoin blockchain.

This month, New York-based Blockai and Los Angeles-based Verisart went live with new services that allow creators to register their works on the blockchain to create a permanent, indelible record certifying their patrimony and ownership.

The startups join a growing list of blockchain-based authentication services targeting the graphic arts, including Monegraph, ConSensys, ascribe, Stem, Mediachain and others. Just as the blockchain provides an open, self-verifying and decentralized ledger of Bitcoin transactions, it can also be used as a self-verifying database of other types of time-stamped events, such as the registration of a copyright.

The Accidental Blockchain Evangelist

benji.rogersPledgeMusic founder and CEO Benji Rogers did not set out to become the leader of a movement when he posted his now-famous essay last November describing how the blockchain — the technological underpinning of the cryptocurrency Bitcoin — could be used to untangle the notoriously Byzantine world of music licensing and payments.

It was more a thought experiment than a business plan.

But his ideas struck such a chord in the industry that Rogers has been thrust into the unwonted role of leading spokesman for the use of blockchain in the music business.

“I could never have imagined that the article I wrote would have the impact that it has,” Rogers would write a few months later in a follow up post. “In the short time since it came out, I have been overwhelmed by offers to speak publicly, offers of help and even offers to fund ‘what you are building.’ So I need to be clear here before we begin: this is not something that I am building.”

There are many in and around the music industry who would like to try, however.

Stratumn is Building a Sort of Heroku for Blockchain Applications

Meet Stratumn, a Paris-based startup that wants to create a platform-as-a-service for developers interested in the blockchain. With Stratumn, you can build, deploy and run applications on the company’s platform, and these applications can communicate with the bitcoin blockchain.

It’s like Heroku, but for blockchain developers.The company just raised $670,000 (€600,000) from Otium Venture and business angels, such as Ledger Wallet CEO Eric Larchevêque.

Source: TechCrunch

PwC Report: Blockchain a ‘Once in a Generation’ Opportunity for Financial Services

Blockchain marks the next “jump” in business process/optimization technology, according to a newly-released PriceWaterhouseCoopers (PwC) report on fintech.

The report, “Blurred lines: How FinTech is shaping Financial Services,” compares blockchain to Enterprise Resource Planning (ERP) software that allowed entities and functions within a business to optimize processes by sharing logic and data within the enterprise.

Blockchain, according to the 36-page report, will enable entire industries to optimize business processes by sharing data among organizations that have separate or competing economic objectives. It notes that blockchain combines a number of cryptographic, mathematical and economic principles to maintain a database of market participants without requiring a third party reconciliator or validator.

Source: CCN

Will the Blockchain Expedite the IoT Revolution?

Bitcoin is the most popular cryptocurrency in the world, but the currency might be overshadowed by a decentralized ledger system called “the blockchain,” which is starting to make its way into the Internet of Things (IoT) market.

The blockchain in IoT could solve the trust issues various developers, engineering firms, and businesses face when building smart devices that can communicate and operate autonomously. According to Pulse’s online editor, Sena Quashie, it might be the biggest innovation of the decade.

Source: ReadWrite

Protecting Rights to Digital Works with Blockchain Technology

A New York startup called Mine Labs has started a metadata protocol based on blockchain technology called Mediachain that uses the Interplanetary File System (IPFS), a “hypermedia distribution protocol,” to protect rights to digital works, according to Nasdaq. Other blockchain-based authentication systems use an encoded ID to reference centrally-hosted data, but these have limited storage per transaction.

To encrypt and store digital rights onto the bitcoin blockchain, most blockchain startups do one of two things: 1) they encode an ID onto the blockchain using OP_RETURN or CoinSpark to reference centrally-hosted data, or 2) they use a custom-built distributed ledger to attach metadata directly to transactions.

Source: CCN

Behind the Scenes at the Launch of a New Blockchain Consortium

blockchain-ownerless-firms-4Last night a group representing 40 banks, accounting firms and members of the media gathered for the public launch of Domus Tower, a whispered-about startup rumored to be developing a blockchain capable of facilitating more than 1 million transactions per second.

At the event on the seventh floor of Museum Tower in Midtown Manhattan, the company’s chief technical officer demonstrated an early version of the blockchain, though one admittedly not running at anywhere near its theoretic top speed.

But beyond the geeky tech demos, the startup with an unusual history and new approach announced it was in the early phases of launching a new trust-based blockchain consortium. The group would be dedicated to settling equities in the US and eventually comprised of five companies each representing a different sector.

Source: CoinDesk

IBM Blockchain Leader Jerry Cuomo using ‘Shadowchains’ to Launch Moonshots

IBM has been building momentum behind blockchain by championing the Linux Foundation’s Hyperleder Project and creating its own Open Blockchain (OBC) among other things.

IBM’s vice president of blockchain Jerry Cuomo, who recently gave testimony before US Congress about the uses of the technology, likes the idea of a revolutionary IoT, blockchain-enabled insurance paradigm for driverless cars. Or perhaps it’s the more day-to-day business of migrating supply chains to blockchain.

Source: IBT

Coinify and iPayDNA Plan to Bring Blockchain Merchant Payments to Asia Pacific

Leading Blockchain currency payment service provider, Coinify ApS and Hong Kong­ based payment service provider, iPayDNA International Ltd. are proud to announce a new partnership that will bring advanced Blockchain payments to a vast amount of merchants residing in the Asia Pacific region.

Partnering with iPayDNA is another step of Coinify’s recently announced push into the Asian market. The new PSP agreement will allow Coinify to extend their Blockchain merchant processing solution distribution channel throughout the Asia Pacific region where iPayDNA holds a dominant position.

Source: Blockchain News

Get the latest RightsTech news and analysis delivered directly in your inbox every week
We respect your privacy.