The platform addresses several critical issues in the music industry:
• Inefficiencies in Rights Management: Replaces manual, error-prone processes with automated, accurate systems, reducing administrative overhead.
• Lack of Transparency in Royalty Distribution: Ensures transparent, real-time royalty payments, minimizing disputes over ownership and payments.
• Data Privacy and Security: Enhances privacy with secure identity verification using Anon Aadhar and privacy-preserving computations.
• Fragmented Systems and Cross-Border Complexities: Provides seamless cross-chain interoperability, simplifying global transactions and operations.
• Limited Access for Independent Artists: Offers accessible, efficient tools for independent artists to manage their rights and royalties transparently.
Challenges Faced:
• Combining MusicX, Anon Aadhar, and Polygon required careful coordination to ensure smooth interoperability.
• Implementing Superfluid for real-time payments and distribution required sophisticated design and testing.
• Balancing advanced features with user-friendly design to make the platform accessible for artists with varying technical skills.
• Fetching data from IPFS is also hard to tackle.
Tracks Applied (3)
Anon Aadhar
Polygon
MusicX
Discussion