Jul 30, 2015 — The Blockchain could solve SoundCloud's problems, and energize investment in the music space. SoundCloud is apparently having trouble
How can a blockchain help track the royalty free?
One of the key benefits of blockchain technology is its transparency. Each transaction is recorded in a public ledger, making it easy for all parties involved to verify the accuracy of the information. This is particularly useful in the world of royalty tracking, where disputes over payments are common.
What is the royalty fee for NFT?
5% to 10% NFTs typically have royalties ranging from 5% to 10%, although many top projects are at 5%. However, not all marketplaces enforce royalties. Smart contracts allow NFT creators to build a royalty payment for secondary sales so that each time the NFT is sold you get a percentage of of the sale.
How would the client benefit by using blockchain?
Blockchain increases trust, security, transparency, and the traceability of data shared across a business network — and delivers cost savings with new efficiencies.
How is blockchain used for tracking?
Track and Trace with Blockchain With blockchain, supply chain companies can document production updates to a single shared ledger, which provides complete data visibility and a single source of truth.
What is the benefit of using blockchain to track a digital currency?
In financial services, blockchain increases settlement speed to real time (eliminating exchange rate risk for cross-currency transactions) and enables real-time transactions.