Recently, the music industry has faced some challenges as regard to touring and events. The income of artists, is now growing well and it is gotten from touring and events but intermediaries have caught up and plagued the simple process of ticketing into an extortion scheme thereby victimizing artists and fans. There is a platform that was introduced recently thatt would solve this challenge. This platform is known as Soundeon.
Soundeon presents a step-by-step solution to unleash the value potential of merging recorded music and ticketing into a transcending fan centric experience and not only to invigorate the music business with fairness, transparency, trust and independence. Soundeon is also based on the proprietary Ethereum-based protocol and it utilizes its registered Creative Smart Contract to create a trustless and transparent music rights management and also a ticketing environment that addresses the long-standing problems that plagues the performing artists and fans who share the same views.
This Soundeon platform is a decentralized musical and multimedia platform that is based on blockchain. It is also built on the Soundeon ecosystem. This ecosystem is a protocol for the modern media.
The mission of soundeon is to discover new talents and empower creators to take control of their works by developing a blockchain-based digital media rights management and a live ticketing environment that is uncensored, immutable, fair, transparent and fosters an ever-closer relationship between the artist and fan.
The Soundeon team envisions a modern music industry that is re-awakened with a transparent and fair treatment that bridges the gap between the artist and fan. Where talent’s success relies on merit and creators can solely focus on creating.
One unique thing about Soundeon is that it prescribes to the principle of equal opportunity for all, independent of race, religion or family background.
Soundeon utilizes a multipronged approach to removing inefficient and archaic market practices adversely affecting both, the artists and their fans too, whether they are on- or offline. The platform also covers all aspects of the music industry.
The Soundeon platform offers the following features which would be beneficiary to its users. They include:
Music Toke Sale: This provides an opportunity for artists to launch token sales and finance personal projects through the soundeon community support.
Soundeon Tix: This is a blockchain based smart ticketing platform that is natively embedde on the soundeon envirionment.
Soundeon Player: This is a music player that utilizes blockchain technology for transparent royalty distribution.
Soundeon Monitor: This is a royalty data aggregation from Soundeon. It also makes use of third-party providers, with integrated data analytics that covers all aspects of the creative output of artists.
Soundeon Exchange: This is a tokenization tool and also a decentralized exchange of intellectual property which provides the opportunity for everyone to buy or sell their income.
The soundeon platform also has a monitoring feature that provides an opportunity to register copyright for their work and have access to all royalties that have been generated through Soundeon, as well as other third-party providers.
The fans of music can now track and analyze the performance of their music portfolios (better known as the royalty accumulation) and receive the most accurate information that will allow them to make informed decisions regarding the purchase of other music assets.
SOUNDEON TOKEN
This token (Soundeon Token) is a vital utility token that is used to align economic incentivevs amongst the platform participants. The soundeon token is specifically used to incentivize and rewardearly adopters that add value to the platform through network effects. Soundeon Token ensures the frictionless nature of tokenization. More information about this token can be seen in the whitepaper here: http://soundeon.com/Soundeon_WP.pdf
Fiat currencies and major cryptocurrencies would be included in the Soundeon environment. as an alternate form of payment.
To get more information about Soundeon, please visit the following:
WEBSITE: http://soundeon.com/
WHITEPAPER: http://soundeon.com/Soundeon_WP.pdf
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Written By fireman2001