SINGAPORE--(BUSINESS WIRE)--EMT recently released a white paper on EMT Chain Electric Music Chain – a global distributed electronic music website blockchain. EMT Chain is expected to be the antidote to the development bottleneck of digital music.
With the rapid development of the mobile Internet, the cloud media, and the cultural entertainment, the consumption market of pan-electric music is expanding rapidly. However, under the infringement of pirated music and illegal content, the development of digital music is experiencing a bottleneck period.
EMT Chain Electric Music Chain is an application organization focusing on the ecological chain of the electronic music industry. Based on blockchain, it integrates the major parts of the electronic music industry such as confirmation of work right, copyright transaction, paying listening, ticket sales, artist hatching and fan economy, to form a powerful and effective chain, and build a large music database to facilitate the development of online and offline, cross-regional and cross-border, interconnection. EMT Chain Electric Music chain will solve many pain points in the electronic music industry.
1.Electronic music copyright
The Electric Music Chain keeps all the relevant information, such as the digital content of each new song registered on the network, lyrics, records, covers and the copyright authorization. Music creators can register the ownership of his own works without record companies.
2.Chain of royalty payment
Once a user requests on the blockchain platform, the smart contract will immediately open the rights of the music works, and the money paid by the user is directly remitted to the copyright owner, building a direct connection between electronic music producers and the consumer group.
3.Pirated electronic music
Through the blockchain technology, the playback of each song will generate a unique record on the blockchain, and any content removed from the codec cannot be read by the player. It’s expected to eliminate pirated music.
4.Domestic electronic music industry environment
EMT Chain Electric Music Chain will promote the works of artists, incubate excellent electronic music producers through the fair and open environment. The artists and their works will get the most true evaluation and information feedback.
Download white paper at www.emt.wiki