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RE: How STEEMIT COULD REVOLUTIONIZE THE MUSIC INDUSTRY towards a fairer and more profitable business model
Regarding this problem look at MUSE project based on BitShares
Web http://peertracks.com/
MUSE is an automated, Peer-to-Peer network specifically tailored for the music industry. It is a Membership Organisation in the cloud that aims to be the foundation for the music industry’s new ecosystem. It serves as a global database for copyrights, a means of payment for all music related transactions as well as a tool to simplify licensing of musical works. It provides artists with transparent accounting, automatically split up royalty payments and the capability to create their Notes so they can get discovered and engage their fan bases. Fans can interact, participate and even benefit from the success of their favorite artists!
This is interesting...signed up on the waiting list, (to LBRY as well) waiting for updates.
Heard about this through a friend. I hope it will work, however their aim to be the new model for the industry is quite audacious, so they will need to gain a lot of traction pretty early to have any chance I think. That's why it's essential to start the work now on Steemit, so we can actually prove the pay-outs work!
I could sell you about 400000 MUSE coins from presale if you want :) Just want to exchange them to STEEM.