BitSong is a decentralised music streaming platform that uses the blockchain technology to help emerging musicians in becoming worlwide recognized artists.
The project just reached its softcap and Business and Leaders had the chance to interview Iulyan Anghelin, BitSong EMEA Manager.
BitSong brings the blockchain technology into the world of music: how?
The technology of blockchain is advancing fast bringing with it new improvements applicable to daily use. For this reason we decided to found BitSong, the first decentralized music streaming platform.
BitSong will be the new point of reference for the music market and will be fully developed using the technologies that the blockchain has available. Using the blockchain affords Bitsong with the means to be decentralized and be more community – based compared to its competitors
BitSong is a new music platform, which will be built using the Ethereumblockchain and the IPFS distribuited filesystem.
BitSong is a project dedicated to musicians and listeners and will generate profit for the artist and the users who listens to their songs while creating a money saving opportunity for advertisers.
On the BitSong platform you will be able to produce songs in which an advertiser can attach advertisements and users can access from any device. For each advertisement listened, the artist and the listener will get up to 90% of the profits invested by the advertiser. You can also receive donations from your fans for your next album.
The user will be paid for the “User Attention”, the producer will receive earnings in real time, the advertiser will be able to optimize the campaign after viewing the reports.
The current music streaming companies are like intermediaries between advertisers and producers. We want to upset the musical world thanks to the blockchain technology, which has as goal, the distribution of the assets in a fair, fast, transparent and visible way, to as many people as possible and not to a small group of individuals.