Blockchain Music Platform Joins Ethereum Enterprise Alliance
After launching its platform last month, decentralized music pioneer Voise has now joined the Ethereum Enterprise Alliance (EEA) as a full member. The EEA membership companies from around the world across a diverse range of fields such as management consulting, the energy industry, academia and blockchain and financial technology. This relationship will enable the start-up to network and engage directly with companies such as Bancor, Credit Suisse, British Petroleum, Deloitte, Intel, JP Morgan, Microsoft, Thomson Reuters and others.
Disrupting the global online music industry, the Swiss-based start-up aims to eliminate middle parties in the global music streaming industry. EEA and Voise will work towards a common advancement of the Ethereum protocol with EEA providing opportunity through its endeavour in developing decentralized solutions for enterprises.
Voise hopes to assist musicians and labels who struggle with the high costs of distributions, as centralized platforms charge between 15% to 40% of revenue generated from paid downloads. Streaming services take even larger cuts, compounding the problem of an unfair model of revenue distribution that short-changes artists.
Building on previous attempts at developing blockchain-based and decentralized platforms, the Voise solution focuses on a simple approach. It aims to be easy to use for mainstream users, allowing both crypto and fiat payments to cater to both crypto users and average music listeners, with options to deposit and withdraw to their wallets either in Voise tokens or ETH.
From the homepage, users can directly access popular music, top downloads or find new music from a thematic search engine categorized by favourite artists or genres. They can also access Radio DAO to discover the latest top performers and get updates on Voise developments. Music artists themselves can upload songs and albums at a price of their own choosing, while leveraging their profile section to gather new fans. The platform also supports free-of-cost models that allow artists to earn from donations instead.
Voise’s development roadmap has also been updated to reflect new partnerships and soon-to-be available platform features including an artist verification system and search engine. Prepared to keep up with industry relevance, Voise also intends to create a South Korean music community to attract investment from an emerging market with global aspirations.
With endorsements from Grammy-nominated Carolyn Malachi and DJ Jinco, Voise has also developed its business viability through partnerships with companies including MicroMoney and Coinomi. VOISE tokens are recording steady trading volumes due to listings on cryptocurrency exchanges including Bit-z, CoinExchange and LiveCoin.