Startup
raises .5 million to
manage music rights using blockchain
Revelator raised
.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
Blockchain