The Music industry these days is full of disputations among songwriters, performing artist and record labels about copyrights of a song and the even sharing of royalties. These disputes even grow more with upload services and social media platforms such as YouTube allowing the uploading of songs without having the proper licensing of music. Lablescoin was therefore created to rescue and bring an understanding and a system for royalty allocation mechanism in the music industry.
Thanks to the internet and the World Wide Web, making of music and having people of all walks of life listen and enjoy it is much easier and faster. There are many talents rising up now and making music on the many social media platforms and are getting noticed by record labels that sign and produce them into becoming performing artist. However with all this going on, behind the covers lay the ever-growing problem of the sharing of royalties and copyright issues. What most do not know is, the music industry mainly source of payment to musicians is royalties derived by licensing and copyrighting of songs and recordings. These royalties do not most often get shared correctly as one person always feel cheated. This has made a lot of uprising musicians very much concerned.
Lablescoin is seeing the future of the music industry created a platform based on a blockchain technology for a fair, transparent and understanding in the distribution of royalties and sharing of copyrights among those involved in music. Lablescoin is more of a mechanism involving musicians, songwriters and record labels for a more transparent process by facilitating compensations and royalties between creators of music. The blockchain platform verifies songs on contracts and licenses and then sends this information to artists rights society making sure the songwriters, performing artists and record label are all given the right they due. The system implied here is free of human manipulation of who gets what and who owes what, everything is placed in a systematic form taking out any disputants that may or often arise in the music industry.
Being the future business model and strategy of resolving a lot in the music industry, Lablescoin will restore the faith of many top musicians and upcoming ones by providing real-time payment of royalties and other compensations with a digital currency and since this system is online, can recognize all music uploaded on to the web without the proper or correct licenses. This will go a very long way of generating revenue to shareholders and everyone involved in the music industry as a whole. There will be no disputes whatsoever as everyone can and will be counted for in the making of a song. Most disputes arise between record labels, songwriters and performing artist due to lack of transparency and the many issues coming in from the uploading of unlicensed music to the internet by people. Lablescoin puts all this into consideration and come up with full digital currency and an online music recognition system where all these problems come to a permanent stop.
Website Link : https://www.labelscoin.io
Whitepaper Link : https://www.labelscoin.io/LABELSCOIN_WH_v0.5.pdf
ANN Threads : https://bitcointalk.org/index.php?topic=4975736
Telegram: https://t.me/LabelsCoin
Linkedin: https://www.linkedin.com/company/labelscoin
Twitter: https://twitter.com/LabelsC
Facebook: https://www.facebook.com/LabelsCoinEstablishment
Reddit: https://old.reddit.com/user/labelscoin
Youtube : https://www.youtube.com/channel/UC6AG8aQQE3SSGGfQn7dy2Yw
Bitcointalk Profile : https://bitcointalk.org/index.php?action=profile;u=1472403