Media rights management firm Dot Blockchain Media Inc. (dotBC) and Cardstack framework creator Cardstack Syndicate Inc. have announced a partnership to bring transparency and clarity to the highly intricate data rights and payment processes afflicting the media and music industries, according to a press release CoinReport received from Carstack’s PR firm, Wachsman.
Through the partnership, both the firms will tackle the inefficiencies in music and media metadata storage, which are often the cause of insufficient pay for artists. Cardstack’s blockchain-based framework will be utilized to correctly record and connect metadata from several platforms and make artists in control of both their proprietorship rights and how their content is made profitable.
Cardstack founding director Chris Tse stated in the press release we received, “Today, we typically see record labels, music publishers, and artists losing out because the metadata behind content is improperly or only partially stored by disparate, independent organizations. Cardstack and dotBC saw a marked opportunity to refine the music industry’s processes by introducing our robust blockchain-based framework as an on-ramp to storing and recalling crucial data. The blockchain-based solution has the potential to accelerate the existing dotBC network, allowing existing players within the music industry to publish and subscribe to a new, more efficient, music rights system.”
DotBC CEO Ken Umezaki commented, “The Cardstack partnership is a natural next step for dotBC to accelerate its development and business efforts. We collectively identified an opportunity to significantly enhance dotBC’s technology and business plans by formally aligning our efforts more closely. Leveraging Cardstack’s technology allows us to effortlessly integrate a world-class technology and services stack that combines the cloud and blockchain layers for our clients. I am really excited about working with Cardstack to deliver the first fully functional media rights management use case for the blockchain.”
DotBC has previously worked with top music industry players, such as MediaNet, the contextual advertising network; the Society of Composers, Authors and Music Publishers of Canada, or SOCAN; CDBaby, the online music store and FUGA, the digital distribution technology company. Moreover, the company is a formal partner of Intel, whose blockchain framework is used by dotBC to record its recording rights registry.
Images via Cardstack’s Logo Kit