Soundeon is a pioneering decentralized and vertically integrated music platform that covers all aspects of the music industry. From the creation and copyright of a work to the contractual resale of both existing and future music assets, to concert organization and ticket sales.
Advances in blockchain computing enabled us to develop the patent-pending Creative Smart Contract (CSC)™, a self-executing media rights agreement that is the backbone of our platform. Informational symmetry, immutability and agility of the easy to use CSC™ inherently enhance fairness, transparency, and trust, which the music industry lacks.
In 2016, growth in streaming revenue achieved a staggering 60.4%, now making up 50% of the total recorded music revenue worldwide. Whilst the likes of iTunes and Spotify explode in streaming volumes, this success often surpasses the actual artist, profiting cliques of powerbrokers through clandestine backroom deals. As an evergrowing share of artist’s income derives from touring and events, intermediaries have caught up and plagued the simple process of ticketing into an extortion scheme victimizing artists and fans. Soundeon presents a step-by-step solution to not only invigorate the music business with fairness, transparency, trust and independence but unleash the value potential of merging recorded music and ticketing into a transcending fan-centric experience.
This is the world’s first vertically integrated blockchain solution that transcends digital multimedia distribution and live event ticketing. Based on the proprietary Ethereum-based protocol, Soundeon utilizes its registered Creative Smart Contract to create a trustless and transparent music rights management and ticketing environment that addresses the long-standing problems plaguing performing artists and fans alike.
|“||October 2017: Idea originates
December 2017: Securing a pre-seed investment round (US$ 600,000) from a Singaporean venture fund
April 2018: Platform alpha version launch
June 2018: Soundeon Token Sale
August 2018: Beta version launch
November 2018: Token Sale for all users launch
February 2019: Full compliance with regulations Soundeon
Exchange layer launch
June 2019: Soundeon Tix layer beta version launch
September 2019: Soundeon Monitor launch
December 2019: Fully working platform
March 2020: Soundeon Protocol launch for External Services
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