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.