This means they will earn rewards more shortly and change them by way of one decentralized supply. UK-based blockchain startup JAAK additionally has plans to work with music rights holders and different leisure trade stakeholders. JAAK, which offers an working system for content, is growing a platform that enables media homeowners to transform their repository of media, metadata, and rights into “smart content” that may self-execute licensing transactions on the Ethereum blockchain. Muzika, a blockchain-based music streaming platform, partnered with Binance, a crypto-exchange network, to try to help independent artists make money from their listeners. Muzika has said that it plans to offer artists 90% of the income they generate. A decentralized publishing environment additionally helps to counter censorship in news media, as no entity will have the flexibility to delete news stories shared on a public blockchain — as soon as a transaction is added to and verified by the community, it is added to a “block” of information.
