Fluxorin: Decentralized Music Streaming Platform

Undoubtedly, music streaming is the future of music consumption with countless different companies currently offering their streaming services in a variety of different manners. Music streaming allows listeners to listen to their favorite songs on demand, discover new music, create and consume playlists, on and on. Still, for all the good that comes from music streaming, there are many problems that also arise.

For the most part, music streaming is great for the consumer. For little to no cost, subscribers have immediate access to millions of songs on a simple, easy to use platform. However, for every winner, there must be a loser. In the case of music streaming, the artist, as well as the songwriters, producers, mixers, and others involved in the creative aspects of each song, are the clear losers. More often than not, artists are getting paid very little, if anything, for the streaming of their songs on platforms.

Meanwhile, the current system of music streaming is unsustainable. Amongst the millions of ‘users’ that streaming services claim, the proportion of real subscribers who pay the advertised price is an absolute minority.  However, if everyone paid – even if it was just a couple of pounds or dollars – everything would be different. They were simply illegally downloading the album from torrent sites or finding other ways of listening that were not profiting West. Clearly, there is no way for artists to work around the system in a profitable way, and it is only a matter of time before they come together to change the system.

The other problem of music streaming industry is the lack of transparency. Artists who are signed to a label only get paid when their recordings are played on digital services when their label pays them a share of what the label gets—the typical arrangement. These artists have no direct audit rights against the digital service. The artist relies on their label to make sure that the label—and consequently the artist—is getting a straight count from the service.

Introduces you to Fluxorin! Fluxorin is a blockchain-based decentralized music-streaming platform, which is aimed to solve those problems above. The platform is ideal for the publication and consumption of music, combining a cutting-edge cryptocurrency provided with a very important mission of unlocking the potential of human creativity (artists) to inspire and be enjoyed by billions of Fans.

The use of blockchain decentralized technology makes all the operations of the platform are made very open. Information on transactions made is made available to the users of the system at all times. This is made possible by the music industry stakeholders to solve the lack of transparency issue. 

The company also utilize the smart contract which is facilitated by use of the Distributed Autonomous Labels (DAL). It makes the users will be able to track the entire life process of the music from its first publication, which transforms functions of labels and other entities in the music industry to be automatic. Smart contracts use the highest level of data encryption currently available, which is the same standard that modern cryptocurrencies use. This level of protection makes them amongst the most secure items on the world wide web.

In addition, The usage of peer to peer storage and delivery technologies, would allow the music in question be published and distributed in much higher quality by sharing playlist with friends on the network while keeping the costs down. They are the protocols of the future Internet.

The company also utilize the FLUX tokens. FLUX token has a particular рurроѕе whісh is to fuеl the network economy and incentive structure. The labels, the artists, band member and every other entity involved in creative process will be rewarded with FLUX token. The token will be derived from a standard Ethereum ERC20 token and will be tradable on exchanges.

You can find more detail information about Fluxorin online on https://www.fluxorin.io/, or check the company whitepaper available at https://www.fluxorin.io/wp-content/uploads/2018/05/FLUXORIN.pdf

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