With Blockchain technology is possible to create a new business model that takes advantage of decentralization. This revolutionary business model is now possible to use within the music industry. An Australian company is ahead of everyone with its project and streaming platform called EMANATE.
Emanate is introducing real-time payments and digital contract automation for the music industry, with the world’s fastest and most modern audio payment engine. Every second of playtime is rewarded and paid instantly as audio is streamed.
Via Emanate’s “smart-collaboration” framework, Payments are split automatically. Artists work together over automated digital contracts. All agreements are made in human-readable terms, executed in code.