Bitfury Group Launches Music Entertainment Division
- Bitfury Surround’s first initiative is to create an open-source music platform secured by the bitcoin blockchain.
The Bitfury Group, a Bitcoin mining giant and Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term transactions processing company, announced this Wednesday that it has launched Bitfury Surround, a music entertainment division.
According to the statement released today, the division aims to design blockchain solutions to address the challenges faced in the music industry by artists and other stakeholders. Bitfury Surround’s first initiative is to create an open-source music platform secured by the Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term blockchain.
The platform, which is named SurroundTM, will attempt to streamline the operations of the music entertainment industry, through the secure transfer of copyright assets, streamlined connectivity and enhanced monitoring and management systems.
In order to achieve this, the platform will create a digital system for sharing and monetizing intellectual property. It will also provide trusted data and transparent management systems, the Bitfury Group said.
Valery Vavilov
Source: LinkedIn
Commenting on the launch, Valery Vavilov, the CEO of Bitfury said: “The music entertainment industry has evolved into a complex, competitive, technology-driven environment that suffers from a severe lack of transparency. We want to champion artists and help incentivize the growth of the entire industry through the creation of this open, blockchain-based ecosystem.”
While this is not the first venture into the music industry by a technology company, it is one of the first moves by a large blockchain firm, particularly with the intention to decentralize the music industry.
Bitfury appoints Stefan Schulz as CEO of the division
Leading the new division is Stefan Schulz, a music and entertainment veteran with more than 20 years worth of experience in the industry. He has been appointed by the blockchain group as the CEO
Stefan Schulz
Source: LinkedIn
“The Surround ecosystem will foster transparency and trust, save administrative costs and improve a secure and transparent flow of content from artists to consumers on the blockchain, making efficiency gains available to all market participants fairly,” Schulz added.
“Only a true market leader such as Bitfury, dedicated to making the world a better place, can have the boldness to enter such a meaningful marketplace with an open-source and cooperative platform.”
The Bitfury Group, a Bitcoin mining giant and Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term transactions processing company, announced this Wednesday that it has launched Bitfury Surround, a music entertainment division.
According to the statement released today, the division aims to design blockchain solutions to address the challenges faced in the music industry by artists and other stakeholders. Bitfury Surround’s first initiative is to create an open-source music platform secured by the Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term blockchain.
The platform, which is named SurroundTM, will attempt to streamline the operations of the music entertainment industry, through the secure transfer of copyright assets, streamlined connectivity and enhanced monitoring and management systems.
In order to achieve this, the platform will create a digital system for sharing and monetizing intellectual property. It will also provide trusted data and transparent management systems, the Bitfury Group said.
Valery Vavilov
Source: LinkedIn
Commenting on the launch, Valery Vavilov, the CEO of Bitfury said: “The music entertainment industry has evolved into a complex, competitive, technology-driven environment that suffers from a severe lack of transparency. We want to champion artists and help incentivize the growth of the entire industry through the creation of this open, blockchain-based ecosystem.”
While this is not the first venture into the music industry by a technology company, it is one of the first moves by a large blockchain firm, particularly with the intention to decentralize the music industry.
Bitfury appoints Stefan Schulz as CEO of the division
Leading the new division is Stefan Schulz, a music and entertainment veteran with more than 20 years worth of experience in the industry. He has been appointed by the blockchain group as the CEO
Stefan Schulz
Source: LinkedIn
“The Surround ecosystem will foster transparency and trust, save administrative costs and improve a secure and transparent flow of content from artists to consumers on the blockchain, making efficiency gains available to all market participants fairly,” Schulz added.
“Only a true market leader such as Bitfury, dedicated to making the world a better place, can have the boldness to enter such a meaningful marketplace with an open-source and cooperative platform.”