Blockchain technology continues to find inroads into different areas of business and society, especially through the token crowdsale model. The latest company to announce a token sale is Musiconomi (MCI), the Blockchain-based music ecosystem.
Musiconomi builds on a Blockchain platform using smart contracts in order to distribute music and provide payment to artists each time a song is played.
The goal of this system is to put musicians at the helm of music distribution, allowing listeners and musicians to connect without the customary middlemen who add charges increasing the price of music distribution.
Musiconomi Chief Organizer Elio-David DiIorio said:
“Our experience of building the Musicoin platform gave us a strong sense of how empowering and transformative Blockchain technology can be. We have seen a tremendous appetite for the solution that Musiconomi represents, and we have also seen that the potentials are truly infinite.”
Full story at CoinTelegraph.
