Top
Brief: Spotify gets on the blockchain train with new acquisition – A N I T H
fade
158
post-template-default,single,single-post,postid-158,single-format-standard,eltd-core-1.1.1,flow child-child-ver-1.0.0,flow-ver-1.3.6,eltd-smooth-scroll,eltd-smooth-page-transitions,ajax,eltd-blog-installed,page-template-blog-standard,eltd-header-standard,eltd-fixed-on-scroll,eltd-default-mobile-header,eltd-sticky-up-mobile-header,eltd-dropdown-default,wpb-js-composer js-comp-ver-5.0.1,vc_responsive

Brief: Spotify gets on the blockchain train with new acquisition

Brief: Spotify gets on the blockchain train with new acquisition


Photo credit: Spotify.

  • Spotify has acquired New York-based startup Mediachain to improve its artist attribution and royalties collection efforts.
  • Mediachain was developing peer-to-peer database technology using the blockchain. It helped attribute media works to their creators and reward them accordingly.
  • Unpaid royalties and the lack of standardization in attribution of works to artists is a constant headache for Spotify and other streaming services. Spotify recently had to pay around US$25 million in settlements for this reason.

Source: TechCrunch.

This post Brief: Spotify gets on the blockchain train with new acquisition appeared first on Tech in Asia.



Source link

Anith Gopal
No Comments

Post a Comment