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Bittunes

by Bittunes

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Tao

by Tao Network

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Bittunes

by Bittunes

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Tao

by Tao Network

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What problem does this service solve?

Bittunes' goal is to use blockchain to improve upon previous music distribution platforms that failed to address copyright and monetization issues.Tao gives musicians a more transparent and efficient way to distribute and monetize their music.

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Company Description

Bittunes is building a blockchain-based network for music distribution. The platform currently uses bitcoin as its primary currency. Artists and consumers earn bitcoin by using Bittunes. In 2015, the company launched an App that allowed independent artists who own the rights to their music to share sales revenue with their fans. They are currently working on additional features and are planning to release the Bittunes Flex token that will serve as the network's utility token. Their network will log content ownership licences and blockchain IDs will be embedded in all audio files. Artists and listeners will be able to participate in a variety of revenue sharing models.

Tao is building a blockchain for the music industry that is specifically designed for managing ownership and licencing data. It is operated as a distributed autonomous organization (DAO) and is developing the Infiniti Protocol. The Tao platform has a Proof-of-Stake (PoS) consensus mechanism and will allow cross-chain transfers of information through what they call Object Relational Mapping (ORM). One of the central aspects of the Tao platform is the concept of an Initial Artist Offering (IAO), which allows individual artists to issue digital tokens that will be based on Fame Demand and Fame Potential metrics. The platform is powered by the XTM coin.

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