Soundeon Ico Review

SOUNDEON is a platform that will be enabling a renaissance within the music industry for not just the fans out there but for the creators as well. SOUNDEON will be enabling all aspects of the music industry to a higher level of efficiency by having one platform to bring together everything from purchasing a new single to arranging a concert. The latest in blockchain developments have launched the availability of smart contracts which have empowered SOUNDEON to be the one-stop platform, removing not only unnecessary fees but many barriers within the current music industry model as well.

The Problem & Solution

The music industry is difficult to navigate, which makes it inaccessible for most musicians. They must seek recognition from music producers, managers, record labels and concert promoters who only partly address the artists’ needs. Old ways lose their savour in the ever-changing world and the music industry requires new solutions as well. These kinds could guarantee equal opportunity for all. Soundeon — a pioneering decentralized and vertically integrated music platform that covers all aspects of the music industry. From the creation and copyright of a work to contractual resale of both existing and future music assets to concert organization and ticket sales, advances in blockchain computing enabled us to develop the Creative Smart Contract (CSC) ™, a self-executing media rights agreement that is the backbone to our platform. Informational symmetry, immutability and agility of the easy to use CSC™ inherently enhance fairness, transparency and trust, which the media industry lacks.

Soundeon Official Youtube Video

Website: https://soundeon.com/en/

OnePager:soundeon.com/Soundeon_OnePager.pdf

Whitepaper:https://soundeon.com/Soundeon_WP.pdf

How Does Soundeon Work?

Music copyrights generated as much as $24.4 billion dollars in 2015. And that is about $10 billion more dollars then the IFPI figure that excludes publishing and song writing for the most part. Not only that, but live ticket sales in 2017 brought in more than $32billio in main sales with another $9.8 in resales. Both segments of ticketing are growing at a 5-year CAGR of 14 and 19 percent respectfully. Basically, tougher the two elements of music present a major marketing opportunity that is worth about $66.2 billion dollars.

Soundeon is the solution the industry has needed, because the market is growing at a consistent rate. The problem is that the musicians only see a small fraction of the profits. It’s because at this time, there is almost no legal rights for the musicians. And not only that, but the industry is hard to navigate through, making it even harder for the musicians to achieve success. They need to get clout with producers, managers, record labels and anyone else you can imagine, like concert promoter for example. Ticket scalping is another major problem that keeps occurring and they’ve basically needed a solution, hence Soundeon.