MAESTRO: MAXIMIZING THE POTENTIAL OF THE MUSIC INDUSTRY THROUGH THE IMPLEMENTATION OF THE BLOCKCHAIN TECHNOLOGY

Juli 11, 2018

Music is loved by majority of people if not all as there are various types that interest various sets of people. Music is said to elevate the spirit, bring on good moods and even played during joyous and celebratory moments, all of which points to the fact the in one way or the other music is an essential part of the human life and the world at large.

It is not a secret that to get these music out for listeners, it goes through a third party which is usually a recording label company. Example of a centralized label is Young Money Cash Money(YMCM). This third parties takes a huge cut out of the total revenue generated, leaving artists with barely 20% and restricted rights.

These scenario has been going on for so long, and professionals in the music industry all grumble under the weight of their allotted profit.
There is therefore a need to help these artists get due appreciation for the time and effort used in making their music and this is why the Maestro platform was birthed.

Maestro will not only maximize their profits and rights but will make sure they get opportunity to shine and move up the ladder all by incorporating the features of the blockchain technology to make life easier.

Introducing MAESTRO?

This is a platform built on decentralized system created for the music creators and the music listeners in other to remove third parties whose gain is much more than the creators of the music themselves.in other to maximize this profit for the artists, maestro makes use of the EOS.IO-based blockchain for this without individual cost to the users.

The working Structure of MAESTRO?

Maestro is a music streaming platform for both artist and listeners and it is powered by the blockchain technology. Maestro is built in such a way that it has two structures known as Ensemble and Symphony

Ensemble: Crowdfunding Center

This stage is a DApp that makes it possible for artists to design their own projects and get funds for them. And also has the capacity to protect the rights of the artists while making it possible for them to choose those that can use their works and get maximum funds for it. This shows that the platform is transparent and interactive.

Symphony:

This stage will have a music streaming app which will be of immense benefit to the world and music industry at large. It benefits both the listeners of the music and the creators of the music, as the creators will be able to get their rightful share while the listeners will be able to get music at cheaper rate. With the support of interplanetary File System (IPFS) this stage will give out very high quality of music to the listeners.

This high quality music that will be given out will be as a result of the association of the artists and blockchain technology which involves smart contracts to preserve the rights of the artists.

MAESTRO TOKEN

The maestro token created for this platform is known as MAE and is provided to the platform through wallets in the Ensemble Stage. It is used as a means of sharing the profits earned on the platform, this profit is shared once a week.

Benefits derived from Maestro

📌The Maestro platform gives artists full right to their songs, who they want it to be given to and get to decide how the funds should come in.

📌The listeners of the music get to steam music for cheaper rates and have the opportunity to get their favorite artists on their own personal playlists.

📌Through the Ensemble stage, listeners get to interact and support their favorite artists thereby creating a better music industry.

📌The artist are able to get maximum profits from their music creation thereby getting due rewards for their hard labour.

Conclusion

Maestro will make it possible for artists to share their music with listeners without intermediaries and in a transparent way that helps them keep their rights while also maximizing their profit.

ICO INFORMATION