Startup raises $2.5 million to manage music rights using blockchain
 

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...

More about Revelator, Rights Management, Record Labels, Bitcoin, and Blockchainhttp://feeds.feedburner.com/~r/Mashable/~4/8Y16uuqJZxQ