SOUNDEON - First Blockchain Music Platform
Hello to all readers of my blog. Today I would like to present to your attention an overview of another very promising campaign. Go.
The advent of the internet has ensured a steady growth of the music industry. Perhaps the most obvious of this growth is in the music streaming business.
In 2016, the streaming revenue growth was a staggering 60.4 percent. In fact, it currently makes up half of the recorded music revenue worldwide. The most successful of these streaming services, iTunes and Spotify make more profits which often benefit the cliques of powerbrokers rather than the actual artiste.
Furthermore, the growth of the artist’s income through tour and events has causes intermediaries to pop up all over. These middlemen have turned something as simple as ticketing into an extortion scheme, victimizing both artists and fans in the process. This was why Soundeon was created.
Now that we are done with the basic introduction, let’s deal with the first and most important question;
What is Soundeon ?
Soundeon is the first vertically decentralized and vertically integrated platform covering all aspects of the industry, from product creation and licensing, to markets for reselling rights to existing and future music assets, and concerts.
Soundeon is a Blockchain platform that proposes a solution that’ll invigorate the basic business with fairness, trust, transparency, and more importantly, independence. Users will be able to unleash the value potential of merging recorded music and ticketing into a great experience for the fans.
We are talking about the first vertically integrated Blockchain solution that goes beyond live ticketing and digital multimedia distribution. Soundeon is expected to use its registered Creative Smart Contract to provide a transparent and trustless music right management, including a ticketing environment that does not include any intermediary for performing artists and fans alike. And all these will be based on the proprietary Ethereum-based protocol.
The achievement of blocking technology allows the Soundeon platform to create CreativeSmartContract ( CSC ) ™ - the copyright agreement, which is the platform basis. The information on CSC ™'s symmetry, conservation and flexibility enhances the fairness, transparency, credibility and ease of application, which is not present in the industry today.
The music industry is complicated, which makes it closed to most musicians. To achieve recognition, it is necessary to contact various music industry participants ( producers and music managers, labels, concert institutes ), who only indicate the needs of musicians.
In a world that is changing faster and faster, the old approach loses its relevance, the music industry needs new solutions that can ensure equal opportunities for all.
Soundeon ecosystem is an architectural protocol for modern media. The Soundeon platform has brought together blockbuster experts, software developers, intellectual property specialists and media executives, as well as artists known in the media industry.
How Soundeon works?
According to the whitepaper, Soundeon is a decentralized Blockchain-based musical and multimedia platform built on the Soundeon ecosystem.
To understand how this platform is supposed to work, you need to have a full picture of what the developers of the Soundeon are trying to achieve. According to the whitepaper, the primary aim of this platform is to discover new talents.
Also, the developer seeks to empower creators to take control of their work. And they intend to achieve this by creating a Blockchain based digital media rights management, including an uncensored, fair, immutable and transparent live ticketing environment. At the end of it all, the platform is supposed to foster a closer relationship between fans and artist.
The service offered by this platform covers all aspect of the music industry. These include;
All these are made possible through the use of Creative Smart Contract and developing the initial application layers outlined below.
Soundeon Mission
Unlock great talent and allow creators to gain more control over their work. The implementation of Soundeon's mission is possible in relation to the development of new copyright management solutions under smart contracts, which ensure fairness, transparency, and invariance of all operations undertaken and provide opportunities for closer communication between artists and enthusiasts.
Soundeon Vision
Combine the entire experience of the music industry into a full cycle solution that ensures transparency and introduces innovation to the music industry. The creation of ecosystems where success depends on the effort and talent of the creator, in which each artist can fully focus on creativity.
Soundeon expresses the principle of equal opportunity for all, regardless of race, religion or family background. Our social responsibility is to promote art in communities that do not have good development conditions. Soundeon distributes 10% of its revenue for charitable purposes.
Through the application of original technology - CSC, creative intelligent contract ( Creative Smart Contract ) - the Soundeon protocol solves the problems presented earlier by developing levels of native applications.
Music Token Sale
The music token sale is supposed to enable artists launch their own Token sales. This implies that, they’ll be able to finance personal projects using the support provided by the Soundeon community. The platform is supposed to enable artists record a new track, album or shoot a new video.
This platform will also enable music fans try out as music producers. By vesting into talented musicians, they’ll become co-owners of copyright. That means, fans can receive returns on future royalties and other revenue streams such as, concerts, music streaming services, and public performances.
Soundeon Exchange
A decentralized intellectual property transfer and exchange tool, where anyone can buy and sell rights to music assets. Opportunity to create a diversified music portfolio and receive royalties from it.
With the help of Soundeon Exchange, musicians can sell the rights to music pieces to expand the ability to monetize existing music projects, and fans can form their music portfolios that are less vulnerable to market decline than traditional financial instruments and diversify from market volatility.
Soundeon Tix
Smart ticket sales platform integrated into the Soundeon ecosystem. This system is based on CreativeSmartContracts and uses dynamic QR code. This technology eliminates scalping, fraud and introducing systems in which the organizers have more control over ticket sales.
This is a Blockchain based ticketing solution that is optimized for the fans and is embedded on the Soundeon environment. Necessary measures such as dynamic QR codes and Creative Smart Contracts have been taken to prevent ticket scalping and fraud.
Soundeon Tix was created to enable organizers take complete control of ticket resells on the primary and secondary market.
Soundeon Tix provides the opportunity to organize concerts independently and to control ticket sales using the Soundeon protocol, which uses smart contracts for the ether blockade. The use of blocking technology ensures a fair and speedy distribution of tickets, protects the event organizers from uncontrolled purchases and sales, and fans from scams and inflated prices when buying tickets in the secondary market. Musicians can take advantage of direct ticket sales on the platform, and from secondary resale, possibilities for legalization, provided in the Soundeon protocol.
Soundeon Monitor
The main idea of RoyaltyMonitor is to combine data aggregation and data analysis. Artists and fans will be able to transparently track all streams of royalties and other revenue, including from ticket sales.
This is all about the data. It includes royalty data aggregation form Soundeon and other third party providers. There is also an integrated data analytics that displays all aspect of creative input by the artist, such as royalty collection, copyright, ticket sales.
As such, fans will be able to track and analyse the royalty accumulation of their music portfolio. This accurate information will make it possible for them to make informed decisions when purchasing other musical assets
Musicians can register rights to music work. Aggregation in one place of all royalties is accepted both on the platform and in third-party services, with integrated in-depth data analytics technology, bringing together all aspects of the artist's creativity ( copyright and related rights, royalty collection, ticket revenue ).
Music lovers can track the performance of the music portfolio ( aggregate royalties ) and get the most reliable data that will help make the decision to buy the most interesting music assets. The data analysis mechanism will allow for analyzing fan behavior, predicting future trends, and possibly expanding the monetization channel.
Soundeon Player
Music player that uses blocking technology to share royalties in a transparent manner.
Streaming player using blocking technology to collect data transparently about the number of music playbacks. Information is entered in a directly decentralized register, which ensures its reliability. It helps to achieve a fair distribution of royalties for the benefit of all participants in the platform, and to provide the most accurate analysis.
This is a music player that depends on Blockchain technology for a transparent royalty distribution. Artists that are using the Soundeon Monitor will have the option of distributing their work via this music player.
The player is expected to collect data, which is entered onto a validated decentralized registry, on the number of times a track is played. Consequently, Soundeon members are expected to receive a fair royalty distribution and a highly accurate listener analytics.
Perpetrators can receive funds and implement their creative ideas on the platform ( recording new albums or songs, making music videos, etc ), Arranging the sales of their own music tokens.
Music fans can try themselves as music producers, invest in talented musicians and become copyright owners, and earn future income from future royalties and other revenue channels ( services for streaming music, concerts, other public appearances etc. ) Sales of Soundeon music token is a function based on Soundeon Exchange.
Soundeon Token
This is a utility token that was designed to align economic incentives among users of the platform. Soundeon token is expected to be used as an incentive and reward for early adopters who contribute value to the platform through network effects.
Some uses of Soundeon token include;
Please note that other form of payment will be accepted on the Soundeon environment. This include all major cryptocurrency and fiat currency.
Soundeon Ticket
Soundeon tickets allow players to issue tickets and control their distribution process with the help of smart contracts.
A visual constructor helps you create a program by adding songs to be executed.
Separate wallets are available for concert organizers for various expenses, facilitating payment of all necessary equipment, etc.
Soundeon reduces the risks associated with resale tickets, and ensures that the player or the right owner receives maximum revenue by allowing the audience to sell and buy tickets to the Soundeon Stock Exchange.
Token Sale Details
A special smart contract will be developed to automate the Initial Token Sale process The Initial Token Sale smart contract parameters include :
Soundeon takes on a holistic approach to improving both existing practical deficiencies within the music and ticketing businesses as well as creating a blue ocean of music tokenization. In order to achieve this ambitious feat, Soundeon undertakes a disciplined and layered approach to its crowdsale, with uniform alignment to its realizable project development cycle. Hence, depending on the amount raised in the crowdsale, we intend to approach specific layers as outlined here :
At Soundeon we know that a great idea is just an idea without execution. This is why we are heavily product and technical development focused. Our commitment to product development led us to establish a more restrictive 10-phase budget allocation cap model.
Token Details
Utility Token
Token Distribution
According to the whitepaper, 65 percent of the tokens sold during the event will be used for product developments and operations. It will also be used for a global marketing expansion. The project founders are expected to hold 14 percent of the tokens.
The visionaries of the project, those that made it possible to start this endeavour are expected to receive 4 percent of the tokens. However, the will be reverse vested after 12 months. Six percent of the tokens will be held by ambassadors and advisors. These are the people that assisted the team in industry specific expertise.
The bounty pool is expected to receive 3 percent of the tokens and another 2 percent is expected to be sent to the reserve fund. According to the whitepaper, a final 6 percent of the tokens will be used for philanthropic programs. It will be used in promoting the arts in disadvantageous communities.
Budget allocation
Roadmap
Team and Advisors
You can find out more about the platform or participate in their sales crowd through the following links:
My Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1779284
My Etherwallet: 0xa178385fCA8dd9D442F3A1E1F7a7c877F4Cf7F83
