Inspiration

The music industry is a fragmented industry that has been relatively stagnant for the last 100 years, with many problems that have still not been solved. Due to large intermediaries, artists have been left with a small fraction of the sales of their music (usually 3-9%), as well as no ownership in their actual musical creation since they are an employee for hire of the record label.

What it does

Platform that allows artists to: -sell music via cryptocurrency on the blockchain to cut middlemen and sell direct to fans -sell cryptocurrency to raise investment funds and incentivize fans to share their music -directly license music to business -have musicians and rights holders get paid much quicker

How I built it

Using Ark.io and Arkjs

Challenges I ran into

Network connectivity hosting multiple Ark nodes on AWS Cloud

Accomplishments that I'm proud of

Working as a team to learn more about Blockchain technology and getting a simple demo completed

What I learned

Blockchain technology is still very new and there is so much to explore

What's next for Paradise Artist Blockchain

As of now we've made the basic platform for artists to sell their music, but would like to add a licensing feature as well as crowd funding feature through artist coins.