Connect with us
Finance Digest is a leading online platform for finance and business news, providing insights on banking, finance, technology, investing,trading, insurance, fintech, and more. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.


Cardstack and DotBC Partnership Tackles Murky World of Music Rights

Blockchain-based project puts music and media metadata back into hands of artists

New York, NY May 30, 2018 Cardstack Syndicate Inc., creator of the Cardstack framework, has announced a partnership with media rights management company Dot Blockchain Media Inc. (dotBC) to bring clarity and transparency to the highly complex data rights and payment processes plaguing the music and media industries. The strategic partnership will address the inefficiencies in music and media metadata storage, which frequently lead to artists failing to be properly paid for their content. The partnership will utilize Cardstack’s blockchain-based framework to accurately record and connect metadata from multiple platforms and give artists control over both ownership rights and how their art is commercialized.

Chris Tse, Founding Director of Cardstack, said: “Today, we typically see record labels, music publishers, and artists losing out because the metadata behind content is improperly or only partially stored by disparate, independent organizations. Cardstack and dotBC saw a marked opportunity to refine the music industry’s processes by introducing our robust blockchain-based framework as an on-ramp to storing and recalling crucial data. The blockchain-based solution has the potential to accelerate the existing dotBC network, allowing existing players within the music industry to publish and subscribe to a new, more efficient, music rights system.”

Ken Umezaki, CEO of dotBC, said: “The Cardstack partnership is a natural next step for dotBC to accelerate its development and business efforts. We collectively identified an opportunity to significantly enhance dotBC’s technology and business plans by formally aligning our efforts more closely. Leveraging Cardstack’s technology allows us to effortlessly integrate a world-class technology and services stack that combines the cloud and blockchain layers for our clients. I am really excited about working with Cardstack to deliver the first fully functional media rights management use case for the blockchain.”

The strategic partnership follows several successful dotBC collaborations with prominent music industry players, including the Society of Composers, Authors and Music Publishers of Canada (SOCAN), contextual advertising network MediaNet, digital distribution technology company FUGA, and online music store CDBaby. DotBC is also a formal partner of technology giant Intel, whose blockchain framework serves as the platform for recording dotBC’s recording rights registry.

Continue Reading

Recent Posts