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09-02-2016, 06:31 AM
Startup raises $2.5 million to manage music rights using blockchain
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Revelator raised $2.5 million this week by promising to efficiently track music rights and distribute royalties to rights owners.*
To do that, the startup is using blockchain — best k**wn as the tech**logy behind Bitcoin — to get money to musicians and managers more quickly.
A blockchain is a shared ledger that can record almost any kind of transaction. For Bitcoin, the blockchain keeps a public record of financial transactions made using the digital currency.*
The key in**vation is that blockchain doesn't require any central control.*
Revelator is harnessing that tech**logy for the music industry. The immediacy of blockchain's record-keeping allows Revelator to track uses of digital assets and get royalties of any size to those owed as fast as possible.* Read more... (http://mashable.com/2016/09/01/revelator-blockchain-music-rights/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)
More about Revelator (http://mashable.com/category/revelator/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Rights Management (http://mashable.com/category/rights-management/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Record Labels (http://mashable.com/category/record-labels/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Bitcoin (http://mashable.com/category/bitcoin/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), and Blockchain (http://mashable.com/category/blockchain/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)http://feeds.feedburner.com/~r/Mashable/~4/8Y16uuqJZxQ
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Revelator raised $2.5 million this week by promising to efficiently track music rights and distribute royalties to rights owners.*
To do that, the startup is using blockchain — best k**wn as the tech**logy behind Bitcoin — to get money to musicians and managers more quickly.
A blockchain is a shared ledger that can record almost any kind of transaction. For Bitcoin, the blockchain keeps a public record of financial transactions made using the digital currency.*
The key in**vation is that blockchain doesn't require any central control.*
Revelator is harnessing that tech**logy for the music industry. The immediacy of blockchain's record-keeping allows Revelator to track uses of digital assets and get royalties of any size to those owed as fast as possible.* Read more... (http://mashable.com/2016/09/01/revelator-blockchain-music-rights/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)
More about Revelator (http://mashable.com/category/revelator/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Rights Management (http://mashable.com/category/rights-management/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Record Labels (http://mashable.com/category/record-labels/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Bitcoin (http://mashable.com/category/bitcoin/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), and Blockchain (http://mashable.com/category/blockchain/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)http://feeds.feedburner.com/~r/Mashable/~4/8Y16uuqJZxQ