Today URights, a subsidiary of the French music rights society Sacem, launched Musicstart to enable musicians to protect their rights using blockchain.
Société des auteurs, compositeurs et éditeurs de musique (SACEM), like professional bodies in other countries, brings together musicians and clients that want to use their music, providing a royalty collection platform. It’s similar to the PRS in the UK and ASCAP in the United States.
At this stage, Musicstart isn’t providing a royalty mechanism. Instead, it provides protection of intellectual property (IP) rights by logging a piece of music on a blockchain and providing it with a timestamp. In the IP sector, it’s called establishing priority. If someone else later rips off a tune, the original creator can demonstrate they were first.
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