The music industry in the Africa and Caribbean are creatively vibrant and impact all individuals in their communities. Distribution of music performance and exposure is effectively maximized within radio, TV, venues, bars, restaurants, stores, hotels, banks etc. However, the monetization for the exploitation of musical works and their related copyright have remained a seemly impossible task in the Africa and the Caribbean, leaving right owners without repatriation of income from the added value of their intellectual property.
We have a solution and are looking to collaborate with stakeholders, developers and financiers.
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@johnfrancis
One technology has the promising potential to ease the industry’s woes: #blockchain.
There are several possibility that can be implemented and archived with the Bantu Blockchain Infrastructure, Musicians are able to receive equitable royalty payments, venues are able to curb counterfeit tickets and record companies can easily trace music streams and instantly pay all artists who contributed to the songs or albums. By using blockchain platforms, artists can deal directly with fans and be in control of their own destiny. Artists can upload music and earn 100% of the royalties. They can also split the royalties with other collaborators if they choose. With Bantu blockchain, the possibilities are just endless. It’s a simple process.
Non Fungible Tokens (NFTs) can be artwork, tickets, music , trading cards, tokens or other assets which are unique and not easily exchanged.
Thank you for your response. Is there a platform where we can discuss these matters one on one?
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@johnfrancis If you really want to start this conversation please send an email to : partnerships@bantufoundation.org
Thank you. You will be hearing from me shortly