Soundeon - Blockchain Powered Decentralized & Vertically Integrated Music Platform

Music is a part of our life. We listen music everyday, which refreshes our mood and mind. Music makes our life memorable. Everybody has their favourite song & favourite artist to whom they love to listen. Earlier we listen recorded music by artists through cassettes, CDs, iPods, walkman etc. And now with the internet and improvements in technology we listen music through streaming via iTunes and Spotify. In recent years music listening through streaming has seen an exponential growth crossing 60% of the revenue worldwide. This revenue growth is often more than the artists who sang the song.

The artists revenue is derived from touring and event hosting. Due to the more number of intermediaries, broker's clandestine backroom deals and non transparent issuance of event tickets, artists income gets compromised. Artists will not get respected income of profit for their original work. To stop this extortion work; Soundeon comes with an unique step by step solution to make music industry business a fair, transparent and trusted.

Soundeon is a world's first blockchain powered decentralized vertically integrated music platform. Which utilizes blockchain and smart contracts for fair & transparent music rights management, digital media distribution and live event ticketing.

Project objective

The main objective of this project is to empower artists by giving them power to fully control over their work through blockchain powered digital media rights and live ticketing management. As blockchain is immutable and incorruptible distributed ledger which improves transparency and trust in the system. This makes an ever closer relationship between artists and fans. This transparent system helps to discover new talented artists.

Problems

The music industry has several clandestine problems in the industry. There are many inefficiencies in the music rights, distribution of music and live event ticketing. Here are some problems worth discussion :
• The music publishing agreements are complex and distributes less income for artists and song writers
• Several complications in the first mechanical licences and different rates collected internationally
• Large number of unclaimed mechanical royalty in the market
• Monopoly in the recorded music contacts makes distribution costlier and non transparent
• Independent artists face many difficulties in the song publication and distribution
• Live event ticket prices and supply are often manipulated by scalpers
• Non hologramic tickets leads to fraud

Soundeon solution

Soundeon ecosystem is here to resolve the above problems with blockchain technology and smart contracts. Decentralisation of music industry makes it transparent and trusted. Soundeon help artists to regain control over their work, monetize their talent through ownership rights management. Blockchain and smart contracts executes fair event ticketing and artists funding mechanism. This helps to develop a closer relationship between fan and artists.

Soundeon ecosystem uses a protocol to solve the problems which are :
• Soundeon Exchange helps to make tokenized music industry, where anyone can buy or sell their royalty income portfolios. An immutable place for royalty rights settlement. Here artists, song writers can register their work and can also sell some part for future earnings.
• Music token sale helps artists to raise fundings from soundeon community.
• Soundeon TiX is a much needed tool to remove ticket scalpers. It uses blockchain powered smart contracts and dynamic QR codes in ticket issuing. Thus it can eliminate resell, scalping, fraud and over price selling of tickets.
• Soundeon monitor is a royalty data analytics system which helps to monitor artists their music distribution, copyright, ticket sales and royalty collection.
• Soundeon player is blockchain powered music player for fair and transparent royalty distribution. It is a genuine vertically integrated music ecosystem which help artists to reach their work from sheet to fans headphones.

Soundeon token is a utility token in the platform for payment mechanism. It will be used for micropayments with low transaction cost.

Advantages of Soundeon platform

• It help artists to create their own music independently
• Musicians can sell their royalties in fractions through smart contracts
• Creators can register for copyright and protect their rights over intellectual property worldwide
• Creators can monitor data analytics and receive revenue from worldwide
• Through Soundeon music player creators can stream their music transparently via blockchain
• With Soundeon platform fans can support their favourite artists directly
• Smart contacts remove scalpers and makes fair ticket distribution of live events
• Soundeon has improved user experience system which understand users preferences
•It has built in reward mechanism which holds fans relationships strong
• Soundeon remove every complexity from the music industry, makes it simple, transparent and trusted

Token details

• Token name: Soundeon Token
• Token ticket: SOUNDEON
• Total token supply: 1 Billion
• Platform: ERC20
• Softcap: 52.7 million tokens
• Hardcap: 650 million tokens
• Price: 1 Soundeon Token = 0.0569 USD
• Main Crowd sale: 15th September to 30th October 2018

Token distribution

Roadmap

Conclusion

Soundeon is here to revolutionize the music industry by utilising blockchain technology and smart contracts. Decentralization makes it transparent and trustworthy. It will help artists to take control over their work distribution, monetization and rights management. Implementation of blockchain will eliminate any ticket scalpers, fraud and overpriced ticket selling of live events. Soundeon is here to make music industry fair, transparent, fan centric and trusted. It is a very promising project to invest.

Learn more about Soundeon:
Website: http://soundeon.com
Read Whitepaper: http://soundeon.com/Soundeon_WP.pdf
Telegram: https://t.me/soundeon
Facebook: https://facebook.com/soundeon
Twitter: https://twitter.com/soundeoncom
YouTube: https://www.youtube.com/channel/UCH7BMpHF2DgDyLyhzl_2DSQ
** Medium:** https://medium.com/soundeon
LinkedIn: https://www.linkedin.com/company/soundeonplatform
GitHub: https://github.com/soundeon

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