IOTA revolutionizes musical rights: New platform starts in the region

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IOTA hat eine Plattform gestartet, um das Musikrechtemanagement für Filme zu optimieren, unter Einsatz von Smart Contracts.
IOTA started a platform to optimize the music rights management for films, using smart contracts. (Symbolbild/KNAT)

New platform revolutionizes Music Rights Administration

Digitization changes the way in which music and media content is managed and a new player on the market helps to drive this change forward. Invezziiota recently presented a prototype of its platform for musical law management, which is known as an IPR Marketplace. This innovative solution aims to simplify the rights management in the film and music industry and to make it more transparent.

technology in focus

A central feature of the IPR Marketplace is the use of smart contracts. These technological systems enable contracts to carry out contracts automatically and safely without the need for a middle man. This automated procedure not only promises faster processing of transactions, but also a reduction in errors and misunderstandings that often occur in conventional rights management.

meaning for the industry

The importance of this platform goes beyond the pure increase in efficiency. With the introduction of the IPR Marketplace, a step towards a fairer distribution of income for artists and producers is taken. The use of blockchain technology ensures that all transactions are understandable, which significantly increases trust in the process.

who benefits?

The main actors who can benefit from this platform are musicians, composers and film producers. The improved transparency and efficiency could make it easier for you to assert your rights and ensure that you are adequately compensated for the use of your works. The IPR Marketplace could therefore be a crucial step to create equal opportunities in the industry.

outlook for the future

Overall, the introduction of the IPR Marketplace from Invezziiota represents a significant technology change in the management of musical rights. The prospect of an accessible and fair platform could revolutionize the way artists protect and monetize their rights. This is particularly important at a time when the music and film industry is increasingly digitizing and the complexity of the rights management increases.

It remains to be seen how the reactions in the industry will be canceled and to what extent this new platform can establish itself in the coming months and years. The IPR Marketplace could be the beginning of a new era in music law management, which is advantageous for both creative and companies.