Blockchain goes live
Music start-up Viberate is partnering with Imogen Heap to help develop its global database of musicians, events and music venues to support the live music industry.
Event organisers using Viberate to book music venues and artists can pay in Viberate tokens or cryptocurrencies, with payments supported by blockchain-backed smart contracts to provide transparency and ensure each party is paid.
With her Mycelia Creative Passports project, Heap is already busy in the distributed ledger technology and smart contracts space. “Blockchain has become the long overdue catalyst for the music industry to update its policy and business models toward music makers and to provide quicker and seamless experiences for anyone involved in creating or interacting with music,” she says.
Slovenia-based Viberate leans on fans to put together its database, which currently boasts 150,000 artists, 60,000 venues, 500,000 events and 2,000 booking agencies.