Insights from Ujo: The Challenges of Building on Ethereum ...
Insights from Ujo: The Challenges of Building on Ethereum ...
Ujo Using Ethereum Tech to Pay Artists CryptoDesk News
Consensys on Ethereum
ConsenSys is the leading Ethereum software company. We enable developers, enterprises, and people worldwide to build next-generation applications, launch modern financial infrastructure, and access the decentralized web. Our product suite, composed of Infura, Quorum, Codefi, MetaMask, and Diligence, serves millions of users, supports billions of blockchain-based queries for our clients, and has handled billions of dollars in digital assets.
Inside the brand new past, we had been reading approximately debates and scandals surrounding the growing big type of hacking, breaches and statistics leaks. This has made information and privacy a top hassle, especially wherein coins is worried, considering the reality that people are increasingly more safeguarding the information they proportion on-line. But, the answer to this trap 22 situation is quite easy – blockchain technology. Blockchain is a ultra-present day introduction to the area of virtual generation. Superior in 2008 with the aid of combining present generation and making use of it in a contemporary, unorthodox manner, this apparently fancy phrase has taken the arena thru typhoon and appears to have prolonged itself to all essential and supplementary spheres associated with era. And now is a better time than ever to consist of blockchain into the U.K industries. The motive? There are many industries that could revel in using blockchain. As an example, the pnb rip-off could have been resolved with blockchain, if Digital Marketing Company in Cardiff were applied. Blockchain works via a tool in which inside the records is saved in a centralised location which may be damaged down into one-of-a-type blocks unfold all through the chain. Every person can get proper of entry to it and it is not held through way of a unmarried entity. One of the amazing analogies describing how blockchain era works is evaluating a microsoft phrase file to a Google document. Everybody who knows Google scientific medical doctors can understand blockchain. How databases artwork these days is that a person sends a replica of the file and waits until the recipient makes the specified modifications. The apparent problem with that is the time constraint except different elements like extended price, reduced usual performance and so forth. Blockchain modified into created to remedy this hassle and it has sincerely succeeded to a splendid quantity in reaching the same. However the question is, how can blockchain be applied in digital marketing? Inside the modern-day digital marketing version, the humans are absolutely beneath the oversight of the marketer. They've got little to no control over their private data. The facts from the utilization behavior of online customers is saved and made available to entrepreneurs and businesses for later use. Agree with the privateness issues of humans who have already witnessed significant misuse of records and awesome cybercrimes together with records-theft, identity-theft, cyber-terrorism and so forth. The issues that entrepreneurs face are similarly alarming with terrific heads of companies and immoderate-degree businessmen calling out marketing agencies for their widespread misuse of facts and insufficient measures taken to guard it in the first area. With such an escalating state of affairs over digital marketing techniques and practices, entrepreneurs have commenced looking for options. Enter blockchain. The contemporary-day commercial enterprise organization version makes use of a mediator (which incorporates facebook or Google) between the client and the marketer. Blockchain can act as an involuntary regulator that would assist in casting off the middle-man. There are applications together with courageous and blockstack which use blockchain technology to offer more autonomy to purchasers. With blockstack, the purchaser can disguise his identification from the seller, therefore controlling how, while and what type of of his non-public records is used. Marketers-input-blockchain Even though the purchaser can also have the better advantage, marketers will in reality revel in better fine leads regardless of the lower in variety. This can bring about potentially insane conversion costs, lessen marketing charges and additionally streamline the whole Digital Marketing Company Cardiff approach because of the fact the transaction takes region among without a doubt the marketer and the client. A few areas wherein blockchain can be used: • Finance: way to blockchain, the accessibility of price range might be immediate and without disputes at some point of transactions. Cryptocurrency is the product of blockchain generation, that may assist to promote cashless banking in a huge way. • Market: blockchain institutes validity and agreement of each occasions, even earlier than a transaction takes area. Therefore, fraudulent transactions within the market may be removed without a doubt, way to blockchain. • Social media: due to the fact social media is a dominant space in the virtual international in which customers connect to their circles, manufacturers have converted social media as a excessive channel to reap their intention agency. As a end result, incorporating blockchain into social media can not handiest appreciably alternate the marketing strategies, but moreover enhance the do not forget of customers in phrases of social media usage. Right here are a few a method via which blockchain is already transforming digital marketing: • The “tiny human” is a track by means of manner of british singer imogen heap which was launched on ujo music – a blockchain powered website. It we could the clients no longer only purchase the song but additionally the tempo, key, and stem of the music through the cryptocurrency ether. Imogen-heap-ujo-ethereum • Nyiax nowadays evolved a blockchain based absolutely ad trade platform in partnership with nasdaq. • Bitclave, a blockchain based absolutely begin-up is an example of decentralized search engines like Google like Google that provide blockchain based completely surely privateness to its users. • Steem, a social media platform based on blockchain era promotes its customers to generate and craft content marketing fabric marketing by way of way of supplying reward payments for the superb content marketing. This has confirmed the outstanding manner to interact clients on social media. Actualizing blockchain generation is probably going to lessen the price of ad frauds and prompt advertisers to get the real fee for the investments. This may hold tens of hundreds of lots for the ad agency. Coming again to the pnb rip-off, right here’s how blockchain may additionally need to have resolved it. Clever settlement is a key function that might help prevent and find fraud. Inside the context of banking, clever agreement or blockchain agreement or Digital Marketing Agencies in Cardiff settlement, is a software able to digitally facilitating, verifying and implementing the negotiation or performance of an agreement. Blockchain and associated smart contracts, if included to the economic group’s environment can help preserve song of all the records and any adjustments made will go away a paper trial for easy auditing. In the end, no transactions can be achieved illegally or secretively. The direction ahead Evaluating the blessings of blockchain shows that it going to play a great position in virtual generation place within the future. But, the query arises – at the same time as? Whether or not blockchain has been drastically observed thru the marketers or no longer, isn't a subject now. Because of the reality, clever entrepreneurs have located out that the achievement of any virtual marketing method in the future is primarily based at the early adoption of blockchain technology. https://progettovesuvio.it/blogs/3878/1997/how-hashtags-work-on-social-media FOLLOW US: -Facebook,Twitter,LinkedIn,YouTube
Audius Rallies EDM Artists, Crypto VCs to Back Vision for Music Payments on Ethereum
Music is back on the blockchain. Audius, a streaming service that connects music fans directly with artists, has raised $3.1 million in a strategic round co-led by Multicoin Capital and Blockchange Ventures, with participation from Pantera Capital and Coinbase Ventures. Audius has now raised a total of $8.6 million as the platform prepares for prime time, having grown in less than a year to over 250,000 monthly users and 40,000 artists. EDM artists seem to be the site’s burgeoning specialty with notables including RAC, deadmau5, Lido, 3LAU, Zeds Dead, Mr. Carmack and REZZ all signed on. The blockchain use case for music is a familiar one: the inequity and tardiness of the revenue model of streaming services like Apple Music and Spotify. “It shouldn’t take a year and a half to get paid, and it’s just crazy that the people creating the music only take 12%,” Audius CEO Roneil Rumburg said in an interview. “After this extreme time delay, the artist just gets this check, so they don’t actually see who’s listening to them. There is no visibility because the artist doesn’t own their own data or their audience.” The Audius P2P network allows artists to be paid in full by their fans, directly and instantly for every stream with the ability to cash out daily or hourly if they want, Rumburg added.
‘Fair trade’ but for music
Ethereum-based Audius picks up the mantle carried by ConsenSys-backed Ujo Music and groundbreaking projects like Imogen Heap’s Mycelia, which the artist described as “fair trade” music. Indeed, folks such as Jesse Grushack, co-founder and CEO of the now-shuttered Ujo Music, have helped and advised Audius, as has Ujo’s former artist-in-residence, André Allen Anjos, better known by his stage name RAC, a Grammy Award winner who has remixed the likes of New Order, Lady Gaga and the Kings of Leon. Anjos, who worked with Ujo for over a year and released an album on Ethereum, said the problem was the complexity of onboarding users. “We used to kind of joke that it could take like 36 steps to get ether into MetaMask,” Anjos said in an interview. “Just to interact with these systems you needed to go through this crazy setup, and I think Ujo kind of suffered from that. But today, if you go to Audius it’s a pretty similar experience to any other platform, arguably better. That initial barrier to entry is not a problem anymore.” Audius, which was founded in 2018 by Stanford University buddies Rumburg and Chief Product Officer Forrest Browning, has benefitted from “a kind of diaspora of talent that had already been working on this problem,” said Rumburg. “Back in 2016, when these projects came about, was just really early,” he said. “The amount of stuff that [ConsenSys founder] Joe [Lubin] had to build from scratch was just this astronomical ask.” The Audius team may have built the music player with a user interface that looks and feels like Spotify or SoundCloud, but it couldn’t be more different under the hood.
The network consists of indexing nodes, which provide a discovery service, and content-posting or creator nodes. This intersection of fans, artists and infrastructure providers who host and index content (“stakers” in blockchain parlance), uses both the Ethererum public blockchain (which is where all the staking and look-up nodes are running) and a second, permissioned network where the uploaded content lives. Continue reading Originally published by Ian Allison | July 30, 2020 Coindesk
Experience with music streaming sites that pay artists in ether or other crypto?
Hi folks, I'm a composer, well familiar with pre-crypto digital platforms and artist payment models that pay out in USD (I've had digital distribution via Cdbaby for about 10 years now). Recently I started exploring the subject of Blockchain/cryptocurrencies in new music distribution models, and there are a number of sites the supposedly pay artists via cryptocurrency for streams or purchases (Audius, Ujo music, which apparently pays out in ether via smart contracts on the Ethereum Blockchain). However, most of the sites that I've looked into essentially look dead even though they're technically online. Does anyone here have any experience with these sites? Are any of them actually working? Has anyone actually been paid yet in crypto for streaming their music on these sites? I know there are a lot of obstacles for it to work. Just wanted to see if anyone here has any idea about what is or isn't working. Thanks
Introduction: Lee Knight -- Community Manager at Golem
Experience with music streaming sites that pay musicians in cryptocurrencies?
Hi folks, I'm a composer, well familiar with pre-crypto digital platforms and artist payment models that pay out in USD (I've had digital distribution via Cdbaby for about 10 years now). Recently I started exploring the subject of Blockchain/cryptocurrencies in new music distribution models, and there are a number of sites the supposedly pay artists via cryptocurrency for streams or purchases (Audius, Ujo music, which apparently pays out in ether via smart contracts on the Ethereum Blockchain). However, most of the sites that I've looked into essentially look dead even though they're technically online. Does anyone here have any experience with these sites? Are any of them actually working? Has anyone actually been paid yet in crypto for streaming their music on these sites? I know there are a lot of obstacles for it to work. Just wanted to see if anyone here has any idea about what is or isn't working. Thanks Edit: spelling
r/Ethereum - I wrote this to explain Ethereum in depth to newbies. Please check for accuracy!
Hello ethereum - I'm currently in Singapore exploring all of the cool blockchain tech that's going on here. I'm also writing a blog that aims to explain blockchain technology simply to anyone whose interested. www.cryptoambit.com If you guys could spot check my Ethereum post for accuracy, I'd appreciate it. If you like it, would also appreciate some subscribers! Thanks By now, most people know Ethereum as the second most valuable cryptocurrency, currently valued at over $60 billion dollars. Well, it turns out that Ethereum isn't actually a cryptocurrency - it's a software platform that let's programmers build applications on top of blockchain technology. Within the ethereum platform, is a cryptocurrency called ether that is used to power applications built on the Ethereum blockchain. From Bitcoin to Ethereum Bitcoin uses a global network of computers that maintain a shared ledger called a blockchain that keeps track of who owns bitcoin. Once blockchain technology was introduced to the world, people realized that blockchains could be used to keep track of anything of value. In 2013, a 19 year old named Vitalik Buterin introduced the Ethereum white paper, which proposed an open source platform that would let programmers build blockchain applications that could facilitate the exchange of money, content, property, shares or anything of value. Much like with Satoshi Nakamoto's paper, Buterin's was met with widespread excitement from software developers around the world who began building toward the vision Buterin laid out. Much like Bitcoin, Ethereum isn't owned or controlled by any one person. Unlike Bitcoin, whose creator remains anonymous, Ethereum has a leader in Vitalik Buterin (pictured below). While Buterin doesn't control Ethereum in the way that a CEO does, his word carries tremendous weight in dictating the direction of the project - something that is considered a strength or a weakness, depending on who you ask. Smart Contracts The basic function that programs built on Ethereum perform are called smart contracts. Smart contracts are digital agreements that execute automatically based on real world data. An easy way to think of them is an "If-then statement." IF condition A exists, THEN perform function B. Let's say for example Grandma wants to make sure she never forgets to give Little Billy birthday money each year. She could write a smart contract that says IF it's Little Billy's birthday, THEN pay him $10 from Grandma's account. Once this contract is broadcast to the Ethereum network, it will execute automatically each year on Little Billy's birthday. Smart contracts have applications far beyond improving the reliability and efficiency of Grandmothers around the world. Another simple application of a smart contract is for rental payments: IF date = 1st of the month, THEN pay landlord rent amount. Processes that currently involve manual interactions between two parties can now be automated and the value can be moved in real time over the blockchain rather than settling days later as with traditional banking. A Real World Example Ethereum and smart contracts are a big deal because they have the ability to usher in what's been dubbed the "smart economy" - one in which slow manual processes prone to human error and deceit are replaced with automated processes that are completely transparent and trustworthy. A real world example that typifies the new "smart economy" is a project being run by a French insurance company called AXA. AXA offers a flight insurance product that pays out a policy holder in the event that a flight is delayed by two hours or more. It currently has a product in trial that will pay out insurance claims using smart contracts and the Ethereum blockchain. The smart contract is simple: IF flight is over two hours late, THEN pay policyholder. The smart contract is connected to a database that monitors flight times. If the database shows that the flight is over two hours late, the smart contract is triggered and the policyholder is paid automatically over the blockchain. Without the smart contract, the policyholder would have to file a claim and wait for the insurance company's claims department to process it, which could take anywhere from 1 to 2 weeks. With the smart contract, neither the insurance company nor the policyholder has to do anything. This also creates trust between the two parties because there are no grey areas - the customer can review the smart contract prior to purchasing the policy and feel comfortable that he will receive his claim in the event of a delay. Ethereum vs Ether As stated in the intro, Ethereum is a platform for building blockchain applications using smart contracts. What you may have just purchased on Coinbase is called Ether, which is the cryptocurrency that fuels the Ethereum network. Ether functions more like a digital commodity than a digital currency. Just like you need gasoline to fuel your car, you need Ether to run applications on the Ethereum blockchain. In the Grandmother example cited above, Grandma would have to purchase small amounts of Ether to fuel her smart contract that pays Little Billy his birthday money. The Ethereum blockchain functions in the same way as the Bitcoin blockchain: a network of computers run software that validates transactions through majority consensus. The people running these computers are called miners. Bitcoin miners are compensated for their resources by being paid in Bitcoin. Ethereum miners are compensated in Ether. On Little Billy's birthday, Grandma's ether transaction fee will go to whichever miner adds the block containing Grandma's transaction to the blockchain. That miner will also receive new Ether in the process. The same supply/demand economics that apply to commodities like oil and gas also apply to Ether. Oil is valuable because it powers many of the things we use in our everyday life - it heats our homes and fuels our engines. The more people and enterprises that rely on Ethereum based applications, the higher the demand will be for Ether which will increase its value. As with all cryptocurrencies, there's plenty of speculation baked into the price - speculation that the demand for Ether will increase in the future. Since Ether is valuable, exchangeable and transferable, certain merchants are also starting to accept it as a currency. dApps - Decentralized Apps Applications that run smart contracts on the Ethereum blockchain are called "dApps," or decentralized apps. Just as any app developer can build apps on top of Apple's IOS operating system, developers can build on top of Ethereum's blockchain infrastructure. To the end user of a dApp, it might not look and feel any different than the apps you use today. It's the underlying blockchain infrastructure that make them different. Since dApps function on top of the blockchain, they can be used to transfer value peer-to-peer. To return to our Grandmother example, there could be a dApp that Granny can download that lets her schedule Little Billy's birthday payments without having to code the smart contract herself. dApps are also completely open sourced so other people can access the code and build on top of them. Someone could take the code to the birthday payment dApp and add the ability for Grandma to add a note that says, "Happy Birthday Billy!" Running dApps on the blockchain also offers added security benefits. Since the transactions are distributed and encrypted across the Ethereum blockchain, there is no central place for a hacker to breach and gain access to all of the world's Grandmother to grandson birthday payment data. At this point, I'm really beating the GrandmotheLittle Billy example to death because I think it represents a simple illustration for the kinds of applications that can be built on the Ethereum blockchain. In reality, the dApps that are being built are much more complex. Here are a few examples:
Weifund - blockchain crowdfunding: Users can launch traditional crowdfunding campaigns, but through the use of smart contracts, backers can gain a financial stake in the project. If an indie film gets funded on Weifund, a backer who financed 10% of the project can collect 10% of the film's revenues. Payments will be issued in real time as the film generates revenue.
Ujo Music - Music licensing via the blockchain: An artist can create an original song and register it on Ujo's platform and set their own licensing terms. If a film producer wants to use that song in a movie, they can purchase the rights based on the terms set by the artist who will then get paid directly. This erases the need for industry middlemen like Warner Brothers who end up taking the lion's share of their artist's profits.
Virtue Poker - Online poker secured by the blockchain: At the height of it's popularity, online poker platforms like PokerStars were marred with issues that ranged from deck rigging to the abuse of player funds held by the company. Virtue Poker using Ethereum allows players to fund their bets directly, insuring that no central party can access and misappropriate player money. Their code is open sourced so that users can understand how hands are dealt, insuring that no one can rig the deck. Lastly, players are paid out their winnings in real time over the blockchain so no more waiting weeks for a check to come in the mail.
Ethereum Tokens So now that you understand that Ethereum is a network for building decentralized applications that require a cryptocurrency called Ether to run, I'm going to introduce a confusing concept. Many dApps built on Ethereum have their own cryptocurrencies or "tokens." In order to interact with the dApps, customers need to purchase the dApp's native token. Here's a helpful analogy I came across - when you go to a waterpark, you pay the admission fee and in return, you get a wristband. That wristband gives you the ability to ride the waterslides in the water park. With certain dApps, the token is the wristband, and a user must purchase it to interact with whatever the dApp offers. Let's take a dApp called Golem as an example. Golem lets people rent out their excess computing power to people who need it - kind of like a computer AirBnb. To cite this article from Laura Shin, if I'm a computer graphics artist that wants to render some kind of computationally intense animation, I can purchase Golem tokens that let me tap into the Golem network to generate my animation. I then pay the people who are renting me their computers with the Golem tokens. The Golem token is a form of smart contract and this transaction is recorded on the Ethereum blockchain. Since Golem tokens are also a cryptocurrency, they can be traded on the free market. If I'm a speculator who has no intention of using the Golem network to rent computing power, I can still buy the Golem token on an exchange in hopes that it appreciates in value. Like bitcoin, there is a fixed supply of Golem tokens so if the demand for the service increases, so will the value of the token. If I bought Golem at its original price of around 1 penny and held it to today, I would have made 35X my initial investment since Golem tokens currently trade around 35 cents a piece. ICOs ICO stands for, "Initial Coin Offering" which is a fundraising mechanism for cryptocurrencies which has exploded in popularity this year - the majority of them are held on the Ethereum network. Similar to a kickstarter campaign, they allow entrepreneurs to raise money for projects by giving investors an early opportunity to purchase the cryptocurrency before the final product has been built. If the project is successful, the value of the cryptocurrency will rise in value and early investors can sell it on the open market for a profit. ICOs have stirred up a lot of controversy because they represent a risky proposition with zero investor protection. Let's say I wanted to build a casino and to finance it, I gave investors the opportunity to buy chips that can be used at my roulette tables once the casino opened. If you bought $100K in roulette chips from me and I decide that I no longer want to build the casino, you're stuck holding worthless chips. If investors don't do their due diligence, they may end up buying tokens for a project whose creators never intended on building it in he first place - the creators walk away with the money and the investors have no way of recouping their funds. On the other hand, early investors in projects that go on to be successful have the opportunity to make enormous returns. For example, people who invested $1,000 in the Golem ICO would be sitting on $35,000 at it's current price of $0.35 - if it ever goes to $10, they're all millionaires. Another positive aspect of ICOs is that they let anyone, rich or poor get involved in early stage investing. To invest in a company like Twitter or Facebook pre-IPO (initial public offering), you need to be an accredited investor - this basically means you're already a rich person. With ICOs, all you need is an internet connection and a little bit of money and you have the potential to become wealthy by investing in the right projects. Far From Perfect Ethereum has the potential to change the way humans transact with one another but it is still a very young technology and it hasn't been without its problems. While the blockchain architecture underlying the Ethereum network is secure, not all of the applications built on top of it are. Faulty code can and has made applications vulnerable to hacking and malfunctions. Here are two prime examples: DAO Hack - DAO was a dApp built on Ethereum that enabled crowd based venture capital. DAO token holders were given the right to vote on projects they wanted to support - if projects went on to be successful, DAO token holders would receive financial rewards. The DAO ICO received $168 million in funding. The DAO software was hosted on the Ethereum blockchain and was publically visible by all. A hacker spotted a flaw in the DAO's code that enabled him to route $55M in ether held by the DAO into an account that he controlled. The Ethereum team had do do something called a hard fork (something I won't get into now) to reverse return the stolen funds. Parity Wallet Freeze - Parity is a wallet where people store Ether. A flaw in Parity's code let a user delete a specific line of code that was necessary for accessing funds in a Parity wallet. This led to $280 million dollars worth of ether being frozen - it hasn't been stolen but it can't be accessed either. Parity Technologies has proposed another hard fork to correct the issue - something that is sure to divide the Ethereum community and rattle user confidence. Despite the world changing implications that Ethereum dApps and smart contracts have, the trouble is that any programmer can write them - if they aren't written properly, they can behave in unintended ways and be exploited like in the above listed examples. Ethereum is still a very young network and security issues with dApps and smart contracts will have to be sorted out if its to reach its true aspirations. Leading The Decentralized Revolution “Ethereum aims to take the promise of decentralization, openness and security that is at the core of blockchain technology and brings it to almost anything that can be computed.” - Vitalik Buterin With dApps, smart contracts and blockchain technology, Ethereum is leading the decentralized revolution. Bitcoin is the world's first decentralized currency, that operates on a global network of computers outside of central intermediaries. Ethereum gives programmers a platform to develop a decentralized version of just about anything. Decentralized networks like Ethereum have the power to remove the intermediaries that currently exist between producer and consumer. Let's take a company like Uber. Uber is a platform that brings people who need rides together with people who have cars. To facilitate this interaction, Uber collects 20% of every ride. With Ethereum and blockchain technology, there is nothing to prevent a bunch of software developers from writing a dApp that creates a decentralized Uber. Instead of 20% per ride, transaction fees are paid to the network and the driver takes home the lions share of the transaction. Tokens can be issued that represent ownership in the network. Coders who work on improving the network can get paid for their efforts in ownership tokens. Non-technical people can come up with marketing campaigns that spread awareness for the network and also get compensated in ownership tokens. As the decentralized Uber network grows and improves, the value of its ownership token increases, rewarding the people that built it. The result is whats referred to as a "Decentralized Autonomous Organization" and theres a strong possibility that DAOs replace a lot of the world's biggest corporations. This may sound like a radical concept but blockchain technology enables these kinds of decentralized organizations to exist - Ethereum provides the tools for people to go out and build them.
I am a grammy award winning musician and I want to release my album on the Ethereum network.
My name is André and I make music as RAC. I've been following the Ethereum project since January and I believe it's going to revolutionize multiple industries, including my own. Here's my wikipedia page if you want some more background: https://en.wikipedia.org/wiki/RAC_(musician) I'm reaching out to this community because I would like to release my work on the Ethereum network. This is definitely early days and there's not really a platform for this, but you gotta start somewhere. I reached out to UJO music and have not received a reply, so I figured I'd try here. I believe that if this is somewhat successful, it will not only raise awareness, but it will start to bring in my peers. I have a technical background, but not quite as a developer so I'm wondering if anybody wants to join me for this project? Please DM. I've greatly enjoyed the daily discussions throughout this period and even though I've been a lurker the entire time, I want to get involved. PS: Upvote the daily and don't forget to HODL. PS2: I'm in touch with UJO now!
Probably not, but Ujo, an Ethereum-based project for adding music to the blockchain, thinks they should—and that you should get rewarded for your enthusiasm. That’s just part of Ujo’s plan to tokenize and disrupt the music industry. Ujo is one of the older projects under Brooklyn-based Ethereum venture studio ConsenSys (which funds ... Over and above his specific experience with Ethereum, Simon has also lived off and built on Bitcoin for a year. We talked to him about the reasons for building Ujo Music on Ethereum and some of the key challenges that he has faced. Ethereum in the music industry. Ujo is an open, global, machine-readable database of music usage rights. Ethereum is a global, decentralized platform for money and new kinds of applications. On Ethereum, you can write code that controls money, and build applications accessible anywhere in the world. Ujo Music is an Ethereum based, ConsenSys backed music software platform that uses blockchain technology to create a transparent and decentralized music ecosystem using smart contracts and cryptocurrency Ujo Music’s steps forward come as all sorts of decentralized projects are gunning ahead in their visions to bring about a more open financial ecosystem. With that said, Ethereum venture studio ConsenSys has now created a list of more than 100 decentralized finance projects to point users in the directions of relevant and interesting services.
ConsenSys music project Ujo teamed up with Capitol Records in June of 2018 to host the very first Capitol360 Hackathon at the historic Capitol Records office in #Hollywood, California. The goal is ... Ujo Music is a decentralized marketplace for music streaming and digital downloads. Ujo Music allows audiences to pay musicians directly with ETH (DAI support added soon) with 0% fees. The Ethereum Blockchain has received considerable interest from the music industry as a potential method of managing music licenses and finances in an automated fashion. Here I catch up with Phil ... Jack Spallone, Ujo Music, sits down with RAC to discuss why the grammy winning artist decided to release his album on Ethereum and how Ethereum can change the landscape of the music industry.