Post
Topic
Board Announcements (Altcoins)
Re: [ANN] NETVRK - World's First Virtual Reality Platform on Blockchain
by
CampfireMethod
on 29/08/2019, 12:49:02 UTC
Blockchain - a solution to royalties. One of the most significant problems for creative minds is piracy. Even if you manage to make a great piece of music, you will soon see thousands of digital copies swarming through the Internet. If consumers see that they can get something for free, they will be less inclined to pay money for it, no matter how low the price was.
this will be a real “upgrade” for the royalty payment system.

automating the payment process and issuing royalties to the rightful owner of the work is an ideal option for using smart contracts. The idea is to include all songs in a distributed registry with all the legal rights belonging to the rightful owners. As soon as the smart contract is executed, the musicians automatically receive a fee.