Author Topic: PeerTracks Uses The SounDAC Blockchain To Provide Free Music For Us All  (Read 5737 times)

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Offline Musewhale

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Offline zongguan

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PeerTracks Uses The SounDAC Blockchain To Provide Free Music For Us All
« Reply #46 on: September 04, 2018, 05:51:15 am »
« Last Edit: October 17, 2018, 06:35:46 am by zongguan »
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Offline zongguan

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PeerTracks Uses The SounDAC Blockchain To Provide Free Music For Us All
« Reply #47 on: September 04, 2018, 05:56:54 am »
« Last Edit: October 17, 2018, 06:36:42 am by zongguan »
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Offline zongguan

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PeerTracks Uses The SounDAC Blockchain To Provide Free Music For Us All
« Reply #48 on: September 05, 2018, 12:21:47 pm »
THE SOLUTION TO THE MUSIC INDUSTRY’S ROYALTY PAYMENT PROBLEMS

This is not an ICO. SOUNDAC (XSD) is the re-brand of a seasoned blockchain. Formerly known as Muse, the blockchain has been in development since 2015 and was specifically designed to pay music content owners directly.  The Music Modernization Act will require transparency in the industry that can only exist via a Blockchain like SOUNDAC.

The entire system is LIVE! SOUNDAC and the first music streaming platform making use of it – PeerTracks – have started gaining traction within the music industry. Being scalable and user friendly, both the music listeners and creators can sign up without ever noticing they are using blockchain technology. Everything is accessible from the web browser, without the need of a clunky browser extension or plugin. All things ‘crypto’ are hidden from the user, everything is username and password based. There are no public keys or recovery seeds to deal with. No wallet files either, your SOUNDAC account lives on chain. If a user has been on the internet before and understand what a username and password is… he/she can use PeerTracks and SOUNDAC!

There are no transaction fees throughout the entire system, which removes the biggest point of friction when it comes to onboarding users to a new crypto platform. Often the potential user is required to (figure out how and then) purchase Bitcoin, then open up an account at a crypto to crypto exchange, convert that BTC to the token of the platform he wishes to use and finally get to use the product he was interested in. At that point, the user needs to pay transaction fees for every action he wishes to take creating a disincentive to use the platform often!

PeerTracks/SOUNDAC users suffer through none of this. There is no friction whatsoever to jump on board this new music economy.

Scalability is also not an issue. SounDAC is a standalone blockchain, not an ERC-20 token on Ethereum, thus not limited to a mere 25 transactions per second. SOUNDAC, like BitShares, Steem and EOS, is a highly scalable Delegated Proof-Of-Stake (DPOS) blockchain that can handle thousands of transactions per second. There are no technical roadblocks for mass adoption.

Being a DPOS chain, the wealth which would usually go to paying Proof-Of-Work miners and their hardware and electricity suppliers, can stay in the SOUNDAC ecosystem and pay the rightsholders when their content is streamed on PeerTracks or any other streaming platform that decides to build atop of this blockchain.

Musicians and Copyrights holders do not need to be sold on cryptocurrencies to sign up to this free service either. They are paid in RYLT tokens that shield them from the volatility associated with crypto and stock markets. All that matters to the rights holders is that the $50 of royalties they’ve earned on the platform keep its $50 of purchasing power through time.

Now that the full system is operational, music is being uploaded, streamed and rights holders are being paid out, PeerTracks Inc. is approaching larger and larger labels and catalog holders and exchanges that are tired of vaporware and placeholder tokens for product-less whitepapers.

At the helm of the company are music industry veteran, Eddie Corral from Houston, Texas and technology and economics expert, Cedric Cobban from Montreal, Quebec, Canada.  The duo has been around the world, talking to experts from all sectors and incorporating best practices into this self-funded technology.

link : http://www.linkedin.com/pulse/solution-music-industrys-royalty-payment-problems-jamie-roberts
« Last Edit: October 17, 2018, 06:37:03 am by zongguan »
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Offline zongguan

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PeerTracks Uses The SounDAC Blockchain To Provide Free Music For Us All
« Reply #49 on: September 28, 2018, 08:08:22 am »
Last Week’s Biggest Gainer: SounDAC +5,834%

soundac
SounDAC is an autonomous royalty payments platform designed to put more control in the artist’s hands, while at the same time, giving distributors a more efficient business model to pursue. SounDAC (XSD) experienced record growth last week when XSD jumped up 5,834 percent in just five days. XSD went from $.07 on August 29, to a high of $.36 on September 4th. The coin is now trading at $.14 after experiencing market corrections over the last two days. 

SounDAC, called MUSE initially, entered the market on May 6, 2015. MUSE first made headlines when they partnered with fintech platform OpenLedger and Danish Bitcoin exchange CCEDK. The company chose to rebrand its product after realizing that MUSE is also a popular New York-based online career platform.


Last month the developers announced the rebranding via their social media accounts. During the change, the company was adamant that the rebranding didn’t involve any technical changes. In a Steemit post, the firm explained that the branding was necessary to prevent confusion. The successful rebranding fueled much of this week’s gains.

SounDAC Announces Rebranding Via New Twitter
SounDAC Announces Rebranding Via New Twitter

SounDAC Inspiration
The SounDAC platform provides all facets of the multi-billion dollar music industry with a blockchain-based alternative to the status quo. Recent reports published by Statista show that the US music industry revenue surpassed 17.2 billion USD last year. Analysts predict the industry to exceed 22.6 billion USD by 2021.  This expected growth has many in the space looking for better options.

Currently, musicians pay enormous fees to distributors, managers, and other essential production elements to release their finished product. SounDAC eliminates these costs. According to a one Billboard study, the average musician pays ten percent of their gross earnings to their agent and another twenty percent to their manager. These expenses occur before the deduction of any taxes, fees, or additional costs.

Average Payout for Musicians via Billboard
Average Payout for Musicians via Billboard

Additionally, Artists now face all-inclusive 360 deals. These deals differ from past contracts because they give record labels rights to all of the artist’s non-musical related activities. This style of record deal is now the industry standard. Most 360 arrangements provide record companies a cut from live performances, merchandise, endorsements, TV, movies, and the list goes on. This constant draining of funds leaves much to be desired by all parties in the equation, especially the musician.

SounDAC Solutions
The developers behind the SounDAC platform promise to alleviate these concerns, and many more, through the integration of an autonomous blockchain-based system. Their platform allows every participant in a song to receive automatic royalty payments including mastering, composition, streaming platforms, and publishing firms. SounDAC accomplishes these tasks with the use of smart contracts.

The SounDAC system creates a global ledger for musicians. This open database functions on Cryptonomex’s Graphene toolkit. The technology allows companies to develop decentralized applications, run exchanges, or integrate additional blockchain services. The popular cryptocurrency exchange, Bitshares, was the first company running the protocol successfully.

SounDAC Promises Transparency
SounDAC creates a rich, transparent, database of who is owed what via their blockchain protocol. Every time an artist’s music streams, the play is time-stamped and placed on the blockchain. This transparency provides all parties involved with an easier way to manage their revenue. It also reduces the costs to the artist because it eliminates the need for expensive publishing agreements.

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The use of smart contracts automates the entire procedure including monitoring plays, calculating royalties owed, and distributing funds. The protocol simplifies the music industry by removing multiple intermediaries from the equation. The trustless nature of the system is one of its main benefits.

Platform Coding
The SounDAC platform utilizes an open-source code. Users can review the platform’s coding via their GitHub page. Their GitHub shows 258 commits, 12 releases, and 12 contributors. The page shows 16 resolved issues to date. The company’s social media accounts are new due to the rebranding.

White Paper
The SounDAC platform has not released a whitepaper to date. When speaking with SounDAC’s President, Cedric Cobban, regarding this odd decision, he explained that competition in the blockchain music sector increased and that the firm “wants to have some traction before revealing the secret sauce.” While this approach is undoubtedly unique, it does leave unanswered questions from an investor’s perspective.

SounDAC White Paper via Website
SounDAC White Paper via Website

In most instances, it isn’t recommended to invest in companies that don’t have a whitepaper because you don’t know where, when, and what expenses your funds cover. It appears that investors were OK with investing in this platform, despite the fact it is without a whitepaper. While this may seem odd, it may be because it’s already operational and open-source.

SounDAC Team
The SounDAC team, led by Founder Eddie Corral and President Cedric Cobban, hopes to transform the music industry. Both men are executives at PeerTracks. PeerTracks is a popular ad-free blockchain-based streaming site. The website integrates into the SounDAC platform. This integration provides a blockchain alternative to traditional music streaming platforms such as Spotify or Pandora. It also enables SounDAC to offer an all-inclusive platform.

SounDAC Team via Website
SounDAC Team via Website

XSD Token
The XSD token has a total supply of 18,081,806. There are currently 14,581,806 XSD tokens in circulation. At this time, XSD tokens show a market cap of USD 2,104,288.  The company’s website doesn’t list any additional information regarding the XSD token.

Blockchain Music Competition
There is considerable growth occurring in the blockchain music sector, with multiple platforms scheduled for release this year. This growing competition fuels increased innovation in the space. Below are just a few of SoundDAC’s competitors:

Ujo
Viberate
Mycelia
Blokur
Potentiam
Mysterious Blockchain Music
SounDAC chose an interesting strategy by not creating a whitepaper but instead having their code be available as open-source. The concept behind the project is strong, but this lack of readily available information could lead to potential confusion on the part of investors. Despite all of these glaring missteps, SounDAC managed to secure the spot as last week’s top gainer through a successful rebranding, and a firm understanding of the shortcomings of the music industry.


link : https://coincentral.com/soundac-biggest-gainer/
« Last Edit: October 17, 2018, 06:38:19 am by zongguan »
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Offline zongguan

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PeerTracks Uses The SounDAC Blockchain To Provide Free Music For Us All
« Reply #50 on: September 28, 2018, 08:15:35 am »
Streaming Platform PeerTracks Uses The SounDAC Blockchain To Provide Free Music For Us All

Below is our recent interview with Cédric Cobban, the Founder & President at PeerTracks:

Cédric Cobban

Q: What is the story behind PeerTracks, how did you start?

A: Our original concept was quite different actually. Once we fell in love with the potential Blockchain technology had towards the music industry, we started working on our first concept, what was commonly referred to as ‘artistcoins’. The concept was to allow each artist/band to create their own coin. We have pivoted away from this since, during this endeavour, we noticed a few important factors that couldn’t be ignored. First was the realization that there are fundamental, systemic problems within the music industry. Lack of transparency in both reports of streams and royalty earnings. High friction for payments is also a big issue. Third would be the lawsuits that spring up whenever one party has been paying the wrong copyright holders.

We at PeerTracks believed that the reason this industry is so convoluted is due to a problem of infrastructure. Not having reliable data (on who to credit, who to pay, who to get licences from while not having reliable tracking methods for streams or good ways to disperse royalties) opens up the door to countless services that will try and bridge the gap (for a fee!) In other words, the horrible state of the current industry is a breeding ground for middlemen

For a blockchain start up like PeerTracks, this meant we were in the perfect market to apply this new “Middleman killing” technology to create a fresh new infrastructure for a truly prosperous music world to spring out of.

For this reason, we pivoted away from the ‘artistcoin’ concept and decided to tackle the problems at their core by building an open database that acts as the foundation for the new music world — one that is simple for the artist and the business world alike.

PeerTracksRecommended: SpokeHub Brings The Social Back To Social Media – Raises $2M In New Funding

Q: Why do we need a revolution in the music industry?

A: Because it is dangerously inefficient and incredibly hard to navigate — not just for artist, but for businesses as well. I am not exaggerating when I say that over the 4 years I have been working on this project, I’ve never met a single person that had a complete grasp of the space. Those that have a fair understanding of it have a legal department behind them! The current industry renders it nearly impossible for musicians to make it without a business or law degree. Not something you normally associate with the creative types that form the music creating population.

The music industry needs a simple, clean, stable source of truth (a database) in order to allow a scalable ecosystem to flourish. One which doesn’t need 90% of the services the current middlemen offer. For example, you don’t need a service to collect and disperse funds on the artists behalf when autonomous code can do it for free. If something can be automated, it is just a matter of time before it will be automated away.

Q: It seems like you are building much more than a database, correct?

A: Indeed! PeerTracks Inc. is building a full ecosystem for the music industry of the future. We are laying the foundation, baking in the incentives and providing the tools for businesses to build on top of the SounDAC protocol.

SounDAC is the blockchain, PeerTracks.com is the first streaming platform that makes use of SounDAC in order to pay all copyright holders.



Q: Your application is utilizing the SOUNDAC Blockchain; what exactly is SOUNDAC?

A: It is a blockchain that serves a few functions. First, it acts as a single source of truth for who to credit on specific musical works. The database is crowd-curated (think wikipedia) and being open, it enables everyone on earth (especially useful for businesses) to know who to pay, in real-time.

SounDAC’s second function is to act as a means of payment. Users and businesses can funnel funds through this blockchain in order to reach an artist across the globe within seconds. Funds going towards “Song X” will be automatically divided to all rights holders as per instructions contained within that song entry (a smart contract residing on the SounDAC chain).

The third, and most exciting, role SounDAC has is to track streams in real time and be the source of royalty payments! Digital Service Providers (DSPs) that conform to the SounDAC community’s best practices of reporting all streams to the blockchain will get their royalty payments subsidized. Usually these streaming platforms need to charge subscription fees and/or go the advertising model in order to pay for royalties. In our model though, the DSP merely reports what was streamed and SounDAC pays the appropriate rights holders via block rewards.

Q: What are the benefits of using your platform?

A: For music consumers, it allows them to listen to all the music on PeerTracks for free, without having to listen to any ads! All while knowing they are supporting the artists they are listening to. Streams being reported on the immutable Blockchain means anyone can check that rightsholders are in fact receiving what they are due.

For music creators, they are able to own and control their valuable metadata, cooperate on terms right there on the chain. More importantly, for the first time they can see all streams taking place on all streaming platforms plugged into the SounDAC ecosystem. And last but not least, they can get paid directly — funds are not sent, they are generated directly into the wallets of the copyright holders.

For businesses, SounDAC provides them a stable infrastructure on which to build their applications without the risk of a rapid change in direction (such as putting up a paywall, closing off data access, etc.) SounDAC being a Distributed Automated Company means it isn’t in the hands of a single entity.
Streaming platforms (DSPs) in particular deserve a special mention here. They can get their main expense subsidized by the DAC. By jumping on board the transparent way of doing business, block rewards subsidies take care of the royalties they would normally be paying out. This means they can radically change their own business model and monetize in other creative ways.

PeerTracksRecommended: CodeFirst Builds Custom Software Solutions For Businesses Worldwide

Q: What are you most excited about?

A: We don’t mention this often, but our users don’t even need to know they are using blockchain tech. There’s nothing traditionally “crypto” about our platforms. There are no public keys you need to share around. No transaction fees to pay every time you want to take an action. You don’t have to wait for transactions to be included in a block before moving on. There’s no browser plug-ins required to download and install. There is no need to go buy Bitcoin, then to convert it into the native cryptocurrency the app requires in order to make use of it.

Within the SounDAC ecosystem, you simply create an account by entering a username and a password – just as you would do on a traditional website! No need to buy crypto or pay transaction fees. Everything looks and feels exactly as user friendly as a traditional app. We are truly ready to onboard the masses with this.

Q: What can we expect from PeerTracks in the future?

A: Where to begin! I think it is important to mention that this is not merely in idea phase. This is no mere white paper or upcoming ICO. The blockchain is already running. The token (XSD) is trading. The PeerTracks platform has launched and is pulling in new content from the chain daily. It is already streaming music for users, reporting streams to SounDAC while the latter covers the royalties. We have a fully working, scalable ecosystem.

That being said, our focus during Q4, 2018 is threefold.
First, to begin importing bigger and bigger music catalogs to SounDAC, making it all available through PeerTracks. It’s important to understand that our team contains a lot of music industry insiders, it is not merely comprised of blockchain fans and developers. Our CEO, Eddie Corral has 30+ years of music industry experience. Bill Craig, Jamie Roberts and even our NYC based attorney are all deeply rooted in the music and entertainment industry. PeerTracks understands the space it is entering, and we know who to reach out to first in order to fill up SounDAC and PeerTracks with quality acts.

Second, to get XSD listed on more and more cryptocurrency exchanges and third, to start our online marketing campaign. Now that there is more and more content available to stream, we need to let the masses know they can listen to subscription-free and ad-free music.

link : https://www.superbcrew.com/streaming-platform-peertracks-uses-the-soundac-blockchain-to-provide-free-music-for-us-all/
« Last Edit: October 17, 2018, 06:38:31 am by zongguan »
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Offline Musewhale

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Re: PeerTracks Uses The SounDAC Blockchain To Provide Free Music For Us All
« Reply #52 on: November 26, 2018, 04:23:17 am »
nice :P :P :P
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