Media rights administration firm Dot Blockchain Media Inc. (dotBC) and Cardstack system maker Cardstack Syndicate Inc. have reported an association to convey transparency and lucidity to the exceedingly complex data rights and installment forms afflicting the media and music ventures, as indicated by a public statement CoinReport got from Carstack’s PR firm, Wachsman.
Through the association, both the organizations will handle the inefficiency in the aspects of music and media metadata stockpiling, which are frequently the reason for inadequate pay for artists. Cardstack’s blockchain-based system will be used to effectively record and associate metadata from a few platforms and make specialists responsible for both their proprietorship rights and how their substance is made gainful.
Cardstack establishing executive Chris Tse expressed in the official statement we got, “Today, we typically see record labels, music publishers, and artists losing out because the metadata behind the 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.”
DotBC CEO Ken Umezaki remarked, “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.”
DotBC has already worked with top music industry players, for example, MediaNet, the relevant advertising network; the Society of Composers, Authors and Music Publishers of Canada, or SOCAN; CDBaby, the online music store and FUGA, the digital conveyance innovation company. In addition, the company is a formal accomplice of Intel, whose blockchain structure is utilized by dotBC to record its chronicle rights registry.