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Can Bitcoin Shine a Light Into Streaming Music's Money Traps?
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Topic: Can Bitcoin Shine a Light Into Streaming Music's Money Traps? (Read 6029 times)
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July 14, 2015, 02:42:48 pm
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#1
kingslanding
Full Member
Posts: 90
Can Bitcoin Shine a Light Into Streaming Music's Money Traps?
Saw this on bloomberg:
http://www.bloomberg.com/news/articles/2015-07-14/can-bitcoin-shine-a-light-into-streaming-music-s-money-traps-
Peertracks solves all the problems the article addresses. This is what caught my eye:
The initial suggestion came from Wallach, of Spotify. Last December, he posted an essay on Medium called Bitcoin for Rockstars that laid out the basics of a blockchain-based royalty distribution system. Several startups are already working on early versions of the idea, said Barry Silbert, a prominent investor in Bitcoin, though none are ready for prime time. The design and consulting firm IDEO was also drawn to the idea of blockchain, and is running an incubator for startups that want to use the technology for applications in various industries, including home buying, health, and music.
It'd be awesome if Peertracks could get some additional funding from more outside sources.
As a refresher, here's Wallach's essay Bitcoin for Rockers (written Dec 2014):
https://medium.com/backchannel/bitcoin-for-rockstars-ca8366802f9
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