CyberFM Regulatory Compliance in Digital form for Artists based on Blockchain Technology
CyberFM
We're not Online Radio,
we're Radio, online!
Digital content market continues to grow at an incredibly amazing rate over the last decade. This market is expected to reach about US$549 billion in revenue by 2019, growing at an impressive 13.73 percent. Digital content is a complex term, which could mean several things such as digital image, audio, video and texts made available for distribution and download on electronic media. These digital contents are mostly distributed by digital content agencies who acquire these resources from the original producer and then make it available for the public.
The wave of blockchain technology is sweeping across every sector bringing about many improvements in the way we do things. One of such area where blockchain technology could be of much help is digital content market.
The CYFM Token represents regulatory compliance in digital form for artists that are currently registered with local representation. Examples include: BMI in the U.S. and SOCAN in Canada. The CYFM Token will be used at all times for payment to ALL government regulation agencies worldwide.
Cyfm is a decentralized radio for digital contents which aims to provide a fair and transparent environment for producers and buyers to make transactions without the need for middlemen i.e. digital content agencies. By leveraging the power of blockchain, cyberfm aims to pioneer a platform that creates trust and reward buyers and producers of digital contents appropriately. Cyberfm totally eliminate the need for middlemen and brings producers of digital contents closer to their buyers.
Advantages of the cyberfm Platform over centralized digital content agencies
Elimination of Monopoly
One of the major advantages of the cyberfm platform is the elimination of monopolistic centralized digital content agencies who gets a larger percentage in the distribution of digital contents while leaving the real producers with peanuts as profit. Cyberfm is a distributed digital content radio which means a music producer can come on the platform and sell his music to his fans without the need for using some record labels.
Higher Profit Margin, Lower Prices
By eliminating the use of middlemen, cyberfm makes sure that producers of digital content get what they deserve from the sale of their works. Producers on the cyberfm network will earn as high as 85% of their content sale price. Buyers also benefit by paying lower amounts to get digital contents of their choice since the profit margin added by the middlemen has been removed.
Transparency
The cyberfm platform is a blockchain-based radio which ensures transparency of transactions made on the platform. Transparency of transactions ensures that producers can take better care of their works and thereby avoid being ripped off by piracy activities.
Security
Centralized digital content marketplace provides a platform where vital information could be leaked into the hands of hackers. But with the introduction of blockchain technology, transactions carried put on the cyberfm platform is through the use of the cyberfm protocol which is a smart contract that ensures the security of these transactions.
In Conclusion, cyberfm platform aims to improve performance by providing a transaction management and support process that is efficient, identity based, and with low technical barriers applicable in the mass market for artists. #CyberFM #Investment #Cryptocurrency #DistributedLedger #RadioOnline #CYFM
For more information
Website: https://www.cyber-fm.com/?utm_source=bounty
Whitepaper: https://www.cyber-fm.com/#download
Telegram: https://t.me/mftudotnet
Eth address: 0xB6a101a1A827141deb9090C2fAE24d62a8aCc6c1