JAAK Finds Partners For Its KORD Blockchain Network To Solve Rights Data Problems

Playing In The Music Sandbox

Tech start-up JAAK is launching its blockchain network, KORD, in partnership with pilot participants that include BMG, GLOBAL MUSIC RIGHTS, OUTDUSTRY, PHOENIX MUSIC INTERNATIONAL LTD, SENTRIC, WARNER MUSIC GROUP and WARNER/CHAPPELL MUSIC.

Pilot participants provided product and rights data to JAAK in a private version of the KORD network, which will operate as a permissionless, decentralised network of intellectual property information, allowing rights holders to collaborate on an industry-wide view of rights. Within KORD, users will be connected to a shared data network where they have the sole authority to insert, update and remove their own information, creating a public record of rights and an immutable audit trail. There's also a framework to detect conflicting information in the network, allowing users to resolve conflicts and converge on a global view of intellectual property rights.

Following completion of the pilot, JAAK will be launching an industry-wide Music Sandbox, allowing JAAK to develop products and the KORD network in collaboration with the music industry. To find out more and be one of the first to join the JAAK Music Sandbox visit here.

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