Dec 08, · This month is all about bitcoin (more generally cryptocurrency). While you watch the prices skyrocket for the confusing currency, Gareth Emery is putting it to a new and exciting use. Nov 27, · Gareth Emery at a concert. Gareth Emery says he has been in the music industry for the past 15 years and is “one of the world’s largest DJs and an esteemed record producer. With three iTunes Dance #1 Albums, and over million monthly Spotify listeners.”. Nov 22, · Trance producer Gareth Emery and hip-hop electronic producer Gramatik both launched their own cryptocurrency this week, The problem with a cryptocurrency like Bitcoin .
Gareth emery bitcoinDJ Gareth Emery Wants to Be Crypto Rich (For a Cause) - Qoinbook News
It was when Ethereum came about that Emery realised what blockchain technology could do for his industry and artists within it, just as streaming services such as Spotify were being criticised for their skewed payments system. In an age of unlimited digital distribution and frictionless payments, he saw that decentralised cryptocurrency could be the key.
It takes years for artists to get paid, and then the amount is pitifully low. Almost all of the money goes to intermediaries and middle men. TV and film, just because of how much larger those files are, had an extra decade to prepare. The ability to try new models such as streaming as mining are baked into the system.
The entire record contract can be codified and automatically pay out each participant. In the current system, it can take up to an entire year. Fair reward for artists is what it comes down to, and I think people will be on board with that. The thing that blew our minds is how few blockchain projects you can actually use. Companies need to finish actual things that actual people can use, not just put out a whitepaper and take a load of money for it.
Transparency is the key ambition for Choon, especially because the company is initially relient on artists coming to them for a better financial deal. As such, the service will only accept direct applications from artists, with record labels effectively barred.
Independent artists with sizeable followings have reportedly signed up already. For me, success is this problem getting solved, not necessarily this problem getting solved by us. Wednesday, January 6, Qoinbook News. Home AltCoins. Mike Crapo to Lobby…. Like many gigs that Emery has played in the past months, the night is a sell out.
Mike Crapo to Lobby for Libra. Stay connected. Latest News. South Korean Blockchain projects are ditching the domestic market due to regulatory headaches, mainstream media report.