BMAT’s Technologies Ushering in a New Age of Music Industry Transparency

For decades, the music business’ information pipelines ran underground, unseen and rarely disturbed. The digital era exposed them, while ushering in new technologies that can change things. “The system is a complicated pipeline. Everyone wants to keep the data flowing,” explains BMAT co-founder and CEO Àlex Loscos. “We see lots of progress, and we think there is a lot more we can do together as an industry.”

Drawing on its founders’ origins in a university music technology lab in Barcelona, BMAT has used technology to solve a deep-seated problem of industry culture, getting data to flow unobstructed between all players and parties in the music business, making data transparency accessible to everyone. Continue reading BMAT’s Technologies Ushering in a New Age of Music Industry Transparency

Will the Music Industry Embrace Voice-Controlled Technology?

For those of you following technology industry trends, it would not be surprising that many experts have been calling 2017 the “Year of Voice”. Along with VR and AI, voice recognition has the potential for highly meaningful long-term development. Instead of controlling everything via apps, we can now talk to virtual assistants to control everything from our computers to our cars, to our home.

The tech industry is increasingly focused on developing improvements and innovations in voice-controlled devices and services, following the success of Amazon’s Echo smart home device and the company’s Alexa personal assistant, in addition to Apple’s Siri and other initiatives. In fact, it’s Amazon that has really taken voice-controlled platforms mainstream.

Read Article: DataArt

The Future of Smart Contracts in the Music Industry

What if we could replace antiquated physical contracts execution to fit with the new digital music age and real-time commerce? Well, today we can, and the technology is known as smart contracts. Just as the blockchain has emerged to claim its place as the up and coming financial instrument of the future, smart contracts have become an equally hot topic.

Electronic contracts, or smart contracts, between labels, distributors, and artists, can reshape the industry to ensure transaction and payment efficiency as well as increased transparency. Smart contracts are primarily a computer program whereby all parties can agree to the contract electronically, and it can also be enforced electronically.

This can be achieved through the introduction of blockchain technology. In the case of an executed smart contract, the blockchain would keep track of the ownership rights ensuring that the proper parties are paid in accordance with their smart contact. The more sophisticated the code, the more automated, self-executing, and “smarter” the contract.

Read Article: DataArt