By Fesida - 10.02.2020
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Blockchain can help close the value gap in visit web page music bitfury blackbox How is Surround currently approaching blockchain? What are your plans for the future? The Bitfury Group is one of the most established blockchain companies founded in That, along with our experience in the music industry, bitfury blackbox Surround uniquely positioned to bring blockchain to the music industry.
The platform will include an extendable backend and frontend framework with built-in services and features that can be https://review-tovar.ru/2020/dodge-nascar.html. We have been focused on developing the Surround platform since the past year, and plan on launching the first version soon.TNABC2018 - Day 2 - Hut8 i.e. Bitfury (Bitcoin Mining Company)
We aim to take a soft touch approach, testing everything before we expand to more click here cases. What do you think is the biggest challenge bitfury blackbox blockchain in music?
The biggest challenge for blockchain in music is the dated infrastructure and incompatible systems of the industry. A quick win would be having a universal data language for exchange of rights data.
That is long overdue, even though there are various initiatives that are looking at resolving that gap - including initiatives from educational institutes. I believe that having clear data standards would be key in simplifying the collection and registration process in the music industry. We personally believe change needs to come from within the industry, then followed by regulation.
Who do you expect to challenge with the Surround platform once it is launched? Music is bitfury blackbox a collaborative industry, so it is not a question of challenging any existing stakeholder. We do bitfury blackbox believe that is the way forward.
The only thing that blockchain will challenge is the efficiency and ethics of the music industry. When talking of collection mechanisms, we have to appreciate the original purpose of that part of the business.
The intention was to pay artists for their work, and not https://review-tovar.ru/2020/kbc-coin-2020.html https://review-tovar.ru/2020/crypto-browser-mining-2020.html and over administrate.
There is a need to create a clean collaboration model based on trust that will bring us back to original purpose of the business.
What is the long term price 2020 bitcoin speculation for Surround? In a business such as ours, it is difficult to talk bitfury blackbox terms of five and ten years ahead.
Blockchain technology is developing rapidly, and we aim to accelerate the innovation and close the value gap between the creative industry and the platform economy in music.
We are already looking at bitfury blackbox use cases, more info as ticketing bitfury blackbox reporting, and will initially focus on testing and launch of the platform.
One of the biggest issues for the music industry is the availability bitfury blackbox a complete data picture of musical works and associated rights.
At the moment, most of the data sits in different places, in multiple formats and without adequate sharing mechanisms in place. Even with these complications, they https://review-tovar.ru/2020/new-free-btc-mining-site-2020.html often incomplete and inaccurate.
This issue is at the core of the music industry. It is a big challenge, but it is also important to note that this is not just a data management issue. Every piece of music or any type of content generates a complex mesh of rights data that keeps growing with time.
Once verified and recorded, blockchain could help in making the bitfury blackbox immutable, but using blockchain will not automatically solve the issue of data verification. Blockchain bitfury blackbox offer ways bitfury blackbox create such consensus models without a governing authority, but it might not be the only way to achieve that result.
How is Buma Stemra currently approaching blockchain?
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We consider blockchain to be an interesting technology for our industry. Last year, we worked on a pilot bitfury blackbox along with our sister organisation SENA. The solution was all about metadata management by using blockchain technology Hyperledger to be exact.
The premise was bitfury blackbox the crowd knows, bitfury blackbox might know, and can seek consensus among themselves using blockchain-based technology. The pilot allowed the creatives to manage the metadata themselves, instead of relying bitfury blackbox rights societies.
In turn, the rights societies could act as users of the data instead of the authority that bitfury blackbox the data, which is their current role.
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By using a crowd sourcing mechanism to verify rights data bitfury blackbox right owner could vote and verify the data on the platforman efficient mechanism to generate accurate data was bitfury blackbox.
While the pilot was interesting and successful, it is not scalable at this point. Https://review-tovar.ru/2020/raspberry-pi-projects-web-server.html from such initiatives, we are also involved with the start-up community and support upcoming innovations in the area.
How bullish are you about the potential of blockchain for the music industry? We are definitely bullish about blockchain for music, though relatively cautiously.
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At the moment, on the scale of scepticism we would score a reasonable out of As I mentioned earlier, the music industry faces multiple challenges at this time, but the technology blockchain specifically does not yet have all the answers.
While it has potential to solve many bitfury blackbox the issues including rights management and payments, there is still a long way to go. Some of the limitations that need to be resolved first: blockchain applications are not yet standardised, and for any use case to have long-term potential and here, standardisation is important.
It is also not yet very transaction friendly for high volumes. At the current stage of technology, it is also far too costly to implement on an international scale. Having said that, we are please click for source with blockchain technology and are keeping a close eye on the developments in the area.
There are bitfury blackbox to be reaped from blockchain, but the right bitfury blackbox is vital. What do you think will help bring bitfury blackbox benefits of blockchain to this industry? At this time, technology needs to develop before serious and scalable use cases can be established.
An early solution to global rights management issues would be a significant enabler for blockchain use in the industry. All things considered, the technology needs to mature a little bit for bitfury blackbox full more info to be realised.
Other regulatory issues such as data privacy will also need to mature with time before blockchain can be used on a wider scale in the music industry.
In live music, the area where there is still the most ground to cover is in protecting the fans. Everyone acknowledges that the question shift forex glassdoor think of ticket fraud and exorbitant ticket prices from scalpers are very real and very urgent, yet no one seems to act.
Convincing consumers and artists that their tickets can indeed be distributed fairly and safely, with blockchain, is slowly changing this from the ground up. Fans are waking bitfury blackbox to this reality and are starting to demand to be bitfury blackbox when buying tickets. How is GUTS currently approaching blockchain?
We use blockchain for its core advantages: Transparency and accountability, for ticketing. The solution that bitfury blackbox use, GET Protocol, registers all state changes purchases and resales of every ticket on the blockchain.
We believe this is the quickest way to mass adoption and usage of blockchain technology. Similar to the internet, not everyone needs to know how it works, but everyone should be able to reap its benefits.
Do you think blockchain read more act as a big differentiator?
It can. It all here back to accountability. Blockchain technology has the capacity to shine light in areas where none used to be.
This can lead to https://review-tovar.ru/2020/onelife-onecoin-2020.html and bitfury blackbox changes in the entire sector, as there is no need to wait for slow regulatory change or an unrealistic sector-wide overhaul coming bitfury blackbox the inside.
The right application of blockchain technology can, especially in the case of honest ticketing, have an enormous impact.
In your opinion, what are the biggest hurdles to use of blockchain in music in general and ticketing in particular? Firstly, it still needs to prove its benefits for mainstream usage in a lot of instances.
Innovative technology is great, but blindly applying it everywhere is not a formula for success. Fine-tuning and battle testing its application is an important step that should be done carefully and rigorously.
For ticketing in particular, the biggest hurdle is probably the established order. The way things are currently set up with click to see more ticketing and especially in live music events provides fertile ground for dishonest business practices.
No one knows how many tickets exist, who owns them and simply halving bitcoin 2020 date how much they are being sold.BITFURY'S BLOCKBOX MONSTER! 7.5PH OF BTC MINING POWER!
This leads to some resistance, but the overall benefits for consumers and artists are becoming more and more clear. At the moment, this is the biggest hurdle, to ensure artists click bitfury blackbox truly understand bitfury blackbox power that they have.
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