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Whitepaper Muse Protocol

Muse Protocol Is Making Magic Happen

Anyone familiar with the music industry knows there are copyright and royalty payment systems enforced in most countries through government regulation. This is to ensure musicians and artists are compensated for the use of their performances. For an artist to benefit from these royalty regimes they must be a member of a recognized rights performance organization. The problems with the current model are notably described in a report from the Rethink Music initiative at the Berklee College of Music’s Institute for Creative Entrepreneurship. The difficulty of tracing who owns what performances. The report states, “20–50 percent of music payments don’t make it to their rightful recipients.” Money flows in the music industry are very complicated and not well understood by most artists. Record and publishing companies deliberately try to obscure what they owe and to whom, and pay what they own very slowly. On top of these problems is the fact that independent artists around the world are typically left out of the royalty system altogether because they are not signed to a distribution label and not a member of a professional rights performance organization in their country. This leaves independent artists unable to benefit from royalty regimes, even if they are flawed. Muse Protocol is here as an innovative approach to autonomous and transparent means of royalty distribution. We aim to solve this major problem in the Music industry. Muse Protocol is the foundation that Muse Incorporated is built on. It is an innovative approach to an autonomous and transparent means of royalty distribution and media rights ownership. It is a next-generation publicly verifiable piece of technology dedicated to bringing transparency and ground-breaking innovation to the way the music industry operates. Muse Protocol is a Blockstack digital ecosystem built on a set of automatic, pre-arranged agreements, called smart contracts, that allows for the trust free management of profit generated by music and the transformation of fanbases into their own symbiotic economies. Muse Protocol is capable of autonomously handling any event thrown at it including; registering a artist or listener account, registering works of art for ownership, verification of DMCA abuse, automatic collection of earned royalties, automatic distribution of collected royalties, and much, much more. Muse is a decentralized social streaming platform that favors artists and creatives while rewarding participants for engagement and consumption. Muse Application and Muse Platform are the heart and brain of Muse Incorporated. It serves as an innovative social streaming platform that allows for much more than your average streaming application. This includes a combination of social streaming, playlist creation, bounty interaction, social networking, and most of all, profit generated from direct usage of the application. Muse Platform serves as a truly decentralized take at border less media sharing and artist connection.

4.0
3 2 expert ratings
Benchy 3.3
KYC
Experts
5.0
5.0
5.0
Review: coming soon PRO
Ended
Token
MUSE
Type
Price in ICO
0.0226 USD
Country
USA
Whitelist/KYC
KYC
ICO start
5th Jan 2020
ICO end
12th Jan 2020
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