Imusify - Are you ready for Music Revolution

INTRODUCTION

Bitcoin was invented about 10 years ago. With bitcoin's worldwide recognition, the process of entering our lives has accelerated. The technology behind it was blockchain, but we first recognized it as Bitcoin. From now on, he's starting to come into contact with the most important things in our lives. It made it easy for us to exchange money. It prevented us from being tracked by governments and corporations. He pulled the banks out and so the commissions we paid decreased. Of course, blockchain technology has greatly increased our quality of life. As a result, our perspective on money has changed. Money is now called virtual money. Our payment habits have changed completely. And the boundaries of the world began to fall for us. A brand new technology brought new opportunities with it. So we started to live a more comfortable life with this technology. We have seen how effective the use of technology in this way can affect human life. And we enjoyed this very much.
Everyone around the world now wants to make their life more colourful by using Blockchain technology. This technology has been used in many areas of health, banking, entertainment,education and so on. But those who know this technology are well aware that this technology can be used in the best music industry. Because the decentralized structure and the removal of brokers will be the best for the world of music. A platform where artists can meet and interact directly with users will turn into much more fun and profitable eco-system for all music lovers.
What is Imusify?


Imusify is a neo-based eco system that aims to combine the music industry with Blockchain. The main objective of the project is to bridge the gap between music creators and music listeners by eliminating brokers. Imusify wants to create a new added value in this new system, which it has set up, as a way to create smart contrats between the two sides.
Imusify's system is based on open source software. In this way, if there is a crack in system, anyone who wants to access these codes can help develop the Community. In this eco system, users can listen to music via the phone application and the computer application, chat via the application and discover new music. There will also be different features in imusify. Imusify aims to provide a variety of features that we will talk about in the future, in order to provide a unique experience for its users. If you're wondering what imusify is like, imusify.you can visit the IO site and have a chance to look at a prototype of the product. Before talking about how imusify will contribute to the music sector, let's first look at the music sector in a little more detail.
Music Industry:

Now, among the most popular music applications in the world, there are platforms such as Spotify, iTunes, YouTube. These are the most common platforms and we can talk about thousands of platforms out there. When we collect all of this, the music industry is now creating more than $ 10 billion a year. This sector is growing every year because it is becoming even easier to reach. We can't listen to the music we used to listen to as a fugitive anymore. Instead,platforms allow us to listen to Apple,Amazon,Google, Spotify music legally. So millions of people around the world are paying for these services they use. As a result, the music industry has grown by around three hundred percent in the last five years. One of the biggest reasons for this can be thought of as the increase of the world population, the transfer of music to the internet environment and the removal of barriers in the world.
What are the problems about Industry?:

The music industry is growing, but can the music creators get a share of this growth?

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The answer, of course, is no. The above mentioned companies act as a broker and become people who receive a large share of the pie. Most of the time they make much more income than the person who created the music. These low figures that such global companies pay to music creators cannot pay the seller's rights. Because, as you know,music creators put their time, their souls, their money into it. But the biggest part of the cake is always Spotify,YouTube, such as platforms. The work of the musicians is being exploited. If you want to talk about numbers, I'd like to show the figures that are paid to music creators. For example, on a platform like Spotify, artists earn$ 0.001 per-listen. So if they reach a thousand users, they can only earn$ 1. You can better calculate how low it is by using your math.
Companies that dominate the world music industry

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Today, 90% of the world's music industry is dominated by only three companies. Spotify,Amazon,Apple buys all of this from these three big companies, which I'm going to mention about the music rights. These are Warner Music, Universal Group, Sony Music Entertainment. These large companies are monopolized in the music industry. And they constantly exploit both users and creators of music. They only receive the greatest share of the pie by distributing the music themselves. Considering the whole process, they make more money than the creators of music. It is a very vital state.
Real income is only known by the music company

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In general, all music companies are distributing from a central system and control the work from here. A music distribution company is not fully known by people and music creators from which areas it generates revenue specifically. The agreements that these companies make with advertisers, the money purchases in other markets, and the revenues in the application markets are not fully known. Therefore, only the firm can calculate exactly how much profit it earns from listening to music. The artist who created the music and brought it out will never know how much he earned from this music. That's why he has to accept the money he's bidding on. Because of the fact that the industry is not decentralized and that it is not transparent, many information cannot be seen by us.
Encouragement of music creators

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The issues I mentioned above are most damaging to artists. The discourses of the artists who have received very little of the labor they have given are being discouraged. Artists whose courage has been discouraged are badly affected by their music ambitions. And the quality of the music that comes out every year is falling. And this has to be prevented now. Artists must earn the money they deserve to produce better works. Therefore, the support and use of platforms like Imusify will give better results for all mankind.
Why do middleman make more money than music creators?

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Not only in the music industry, but also in many sectors, middleman make more money than value-added creators. This is because it prevents a direct bridge between users and sellers. Brokers make more money than the seller by simply making simple transactions without taking any risk. Today, these brokers face us as Spotify,YouTube in the music industry. They are building a bridge between users and music creators. And they demand very high figures for this bridge they have built. However, with blockchain technology, these brokers will gradually disappear.
Imusify Solutions:
A completely decentralized new music industry:

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Music can never be stopped. The rhythm of music must continue. For some people, music is essential. I'm one of them. I like to be intertwined with music every second. A life without music is a mistake. But today's music platforms use central music stores. Because music is stored in a single store, music may be interrupted if there is a problem in that store. And users ' music experience can be negatively affected. Therefore, the distribution of music data from a single store will not be forceful and effective in the long term. The music industry has to switch to a decentralized system as soon as possible. The imusify platform will bring music to a completely decentralized new platform. In this way, music data can be safely used within blocks, with unlimited access to a cloud storage. Using the decentralized system will also prevent Music data from being played or copied. Thanks to the smart contracts that exist within the system, patent transactions and payment transactions will take place automatically. And in that way, there will be no need for middleman.

Imusify dApps:

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After blockchain technology emerged, it began to perform various applications. You can access blockchain through these applications and use their services. These are distributed applications that are called dApps. The most prominent of these applications, in other words, is the storage of transactions within applications in a cryptopulated manner in blocks. As I mentioned above,the information of songs,artists, patent information, the money they earn, etc. And with smart contracts, these data will be negotiated between the customer and the seller. These applications use a decentralized network, removing the dealers and directly combining the user and the music creators.
With this dApps, you can successfully perform the following operations:

1. Payments transparency
2. Patent rights and the monetization of products
3. Protection of the digital rights of products

CONCLUSION

Blockchain technology is used in almost every field today, but I think the most important one is the music industry. I think blockchain technology can be used on most effective music platforms. The music industry has really grown too much in the last 10 years. But he still faces big problems. The most important of these is decentralization. Blockchain has already solved this problem. But the dominance of big companies is damaging the music industry, especially the music creators. For this reason, brokers need to be eliminated and agreements should be kept in a smart contract with the help of blocks. Imusify comes to produce a solution to all these problems and start the music revolution. Are you ready for this?

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