Menu

Search

  |   Digital Currency

Menu

  |   Digital Currency

Search

Ujo Music to launch blockchain-based full commercial music platform

Ujo Music, a platform that allows artists to own and control their creative content, plans on using blockchain technology in order to launch a full commercial music platform in early 2017.

According to a post by Musically, the company stated that the first version of the service will enable artists to register their music on the Ethereum blockchain with ease and make it available for fans through streaming or download.

“We are building a service that allows you to manage your artistic identity, your music and licensing on your own terms. We are starting small, with music, on-boarding eager, forward-looking artists to empower sustainable creativity,” the company explained, as reported by Musically.

Ujo worked with musician Imogen Heap in 2015 and released her track ‘Tiny Human’ using blockchain-based distribution. Fans were able to buy licences to download, stream, remix and sync the song, with their payments, automatically split between Heap and her collaborators on the track. The startup is also working with a number of labels in order to “re-digitize their catalogue for use in open-source blockchain systems”, at the same time encouraging developers to build apps on its platform.

Apart from Ujo Music, a number of music industry projects have turned to blockchain technology including Mycelia, launched by singer, songwriter, and producer Imogen Heap, and Dot Blockchain Music, launched by PledgeMusic founder Benji Rogers. Other projects include Blokur, Aurovine, Resonate, Peertracks, Stem and Bittunes that already has users in 70 countries.

  • ET PRO
  • Market Data

Market-moving news and views, 24 hours a day >

June 22 11:30 UTC Released

INFX Reserves, USD

Actual

410.07 Bln USD

Forecast

Previous

413.11 Bln USD

June 22 07:30 UTC Released

THCurrency Swaps

Actual

32.7 Bln US

Forecast

Previous

33.2 Bln US

January 31 00:00 UTC 205174205174m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 205174205174m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 216994216994m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 205174205174m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 216994216994m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 205174205174m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 205174205174m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 205174205174m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.