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Dot Blockchain Media Advances Music Rights Transparency With New Intel Technology
August 22, 2017 at 12:50 PM (PT)
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DOT BLOCKCHAIN MEDIA has selected the LINUX FOUNDATION's HYPERLEDGER SAWTOOTH as the platform for recording its content rights registry for the media industries. HYPERLEDGER SAWTOOTH is an open-source blockchain framework originally contributed to the LINUX FOUNDATION by INTEL. This announcement represents a key advancement in the development of its blockchain initiative to bring clarity and transparency to the complex data, rights and payment issues in today's music and media industries.
DOTBC's blockchain creates a fair and transparent method for music composers, artists, publishers and rights holders to express their rights and wishes for commercializing their art into a modern and interoperable file format. It maintains partnerships and connections in the music and wider media industries to enable seamless data exchanges between more than 63 million globally recorded works from independent and major label artists and the DOTBC ecosystem, maintaining data across a network that utilizes HYPERLEDGER SAWTOOTH.
Said DOT BLOCKCHAIN MEDIA CEO BENJI ROGERS, "HYPERLEDGER SAWTOOTH will enable us to scale rapidly and customize transaction processors specifically for ingesting rights data. We look forward to delivering a strong and lasting solution, anchored on a sophisticated and secure blockchain foundation, for the music and media industries with INTEL."Added INTEL VP/Software & Services Group & GM/Platforms Security Division RICK ECHEVARRIA, "HYPERLEDGE SAWTOOTH, utilizing INTEL security technologies, is able to provide enhanced privacy and security for blockchain transactions. DOTBC's blockchain initiative is an example of how blockchains can provide and meet the transparency and visibility requirements the music and media industry requires."
Following the release of Phase one (a basic bundler app that launched earlier this year), DOTBC plans to deploy phase two of the DOTBC architecture in the next 90 days. Phase two will leverage HYPERLEDGER SAWTOOTH to create an advanced approve-deny workflow and interface in conjunction with partners SOCAN/MEDIANET, SONGTRUST, FUGA and CDBABY. The combined partners bring a catalog of more than 63 million recordings. With more than 150,000 new recordings added each month, DOTBC will be working with the vast majority of the modern music library, ensuring comprehensive coverage of recorded works for the project.