FLUXORIN, a blockchain technology promises to solve the problem of artist royalties and payments by providing transparency to the complicated chain of rights ownership and usage in the digital distribution of music, as well as offering a new model of the music creation process via the Decentralized Autonomous Labels.
This article describes FLUXORIN, a decentralized system for the publication and consumption of music, which combines a cutting-edge crypto currency and provides with a very important mission to unlock the potential of human creativity by giving millions of artistes the opportunity to live off their art and billions of fans the opportunity to enjoy and be inspired by it.
The clearly ubiquitous evolution of digital music has created an apparent and drastic shift in the way consumers and producers view and use the music industry. The presence of these music files that have been digitally compressed, thus making them easily attainable to all for a small fee or illegally downloaded for free, has made the music industry revaluate how they are to make a profit off their art form. Social media websites have also created a visible demand from consumers for artists to maintain a consumer-artist digital relationship, making the Internet not only a promotional vehicle for artists, but also a necessity for profit. These new means of music distributing and marketing have not only pushed the music industry to new levels, but has created a whirlwind of changes as record labels are losing control, with artists and consumers having the upper hand.
The inspirational Bob Marley once said, “One good thing about music, is that when it hits you, you feel no pain.” But in our current state of being in a digital age, it is the music and the people who create this music that seem to be feeling all the pain. As the digital age encroaches on our lives, consumers are demanding the music industry to keep up with these changes, which in turn, has led to financially devastating consequences for this industry. In a world that is full of conflict, economic despair, war and constant turbulence among nations, there is only one entity that few can say they genuinely hate and that is music. Music is an integral part of our society as well as a part of societies throughout the world. It is art that strives to feed the soul and paint a canopy of emotions through song. With this being said, it is important to note that we have reached a time when music has become so easily attainable that anyone who has a computer can potentially become an overnight phenomenon. Much of this shift can be attributed to the digital age and its undeniable presence in the music world.