Echo Chain

Abstract

A decentralized music platform builds on blockchain technology, a fully transparent, fair, and community-driven system of distribution for music. Unlike traditional models, which are controlled by centralized authorities over the dissemination of content, revenue sharing, and governance, giving artists much greater control over their content, rights, and revenue. The platform makes use of smart contracts to ensure fair payments directly to the creators and reduces dependency on intermediaries. Users will be able to get a more transparent flow of support for their followed artists through community governance by DAO, enabling a collaborative environment that prioritizes the interests of the artist and the fan. Moreover, the blockchain-based digital assets give an unparalleled opportunity to engage with fans, notably in NFTs, because they provide exclusive material and even investments in artists’ careers. It is a model of this extent that transcends democratizing the music, using it anywhere in the world, and creating an even more inclusive and trustworthy whole in general.