the Dutch crypto-company Bitfury, which produces, among other things, Mining Hardware, is looking to expand in the music industry. With SurroundTM Bitfury creates a digital System for the monetization and sharing of intellectual property.
Tanja Giese
22. January 2019BTC$3.573,60 1.11%Facebook Twitter LinkedIn xing mail
it was Only in November of last year, Bitfury had received in a financing round with a US $ 80 million strong financial injection. According to rumors, the company plans to go in the next two years on the stock exchange. First, the decentralization of the music industry, however, is on the Agenda of Bitfury. A new Department is already working diligently on a corresponding Blockchain solution.
More than decentralized administration of rights
As reported by Reuters, is Bitfury create a block chain-based, Open-Source music platform, in order to bring more decentralisation in the music industry. The platform will carry the name “SurroundTM”. To promote the cooperation and development of innovations in the industry, the company said. Further, the report States that SurroundTM facilitate the secure Transfer of copyright-protected resources, and Monitoring and management systems to optimize. In addition, Bitfury aims to facilitate the sharing and exploitation of intellectual property, and transparent administrative functions, as well as trusted data. The CEO of SurroundTM, Stefan Schulz, explains the idea behind the project:
“There is a very strong momentum in the direction of a for the entertainment industry developed the Blockchain, the market participant would like to attend the market, not only from a transactional point of view. The Surround Ecosystem will promote transparency and trust, administration costs and a secure and transparent flow of content from artists to consumers in the Blockchain enhance and efficiency gains for all market participants.“
Even if Bitfury has already gone some steps in this direction, there is still no official release date. You have to wait. The idea to secure the rights to intellectual property on the Blockchain, meanwhile, is not new. Several Start-ups, and even Computer have already adopted giant IBM this Use Case. By Bitfury as a Blockchain-heavyweight, but wants to represent not only rights management, but also the monetization, Monitoring, and use of the Blockchain is coming, here’s a project that actually contribute to a decentralization of the music industry.
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