Muse Blockchain

The Foundation of the Music Industry’s New Eco System

A Blockchain specifically tailored for the Music Industry.

MUSE Enables A Flourishing Ecosystem

One Global Database
for copyrights

Unlike other attempts creating a database that keeps track of worldwide copyrights, the MUSE Blockchain is not proprietary. It is an ownerless, automated, globally distributed, Peer-to-Peer network that is both transparent and open to all. The maintenance of its content does not depend on trust of a central authority.

Global, Distributed, Automated, Open, Transparent, Permanent, Immutable, Ownerless

  • A Ledger AS a means of payment

    MUSE is not only a global database for royalties but also the means by which payments are sent – cheaply and instantly. The same database that is used to identify all rights holders of a song can be used to send the royalty payment itself with the same speed it takes to send an email. No need to rely on the legacy banking system and its associated fees.

  • Automatic Royalty Payment Splitter

    MUSE users can tie a specific song to a “Smart Contracts” which allows the funds generated by that song to be automatically split up based on the instructions contained within. In other words, a user can tell the Blockchain what to do with funds coming from different sources (countries, streaming, retail, etc.) and have them split up to the correct rights holders or collection agencies.

  • Simplified Licensing

    A smart contract can be used to document legal rights in a legally enforceable, non-ambiguous manner. If a business wants to buy the right to use a song in an advertisement, then it could purchase the right through MUSE, use the song for its commercial, and then be able to prove to everyone that it had the right to do. The value of Smart Contracts is that it allows non-lawyers to verify legal standing.

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    It allows Facebook or YouTube to automatically identify and enforce authorized usage/posting. Without the smart contract there is no way for services such as Facebook or YouTube to automate the enforcement of contracts. Inputting all licensing conditions to the Blockchain removes a tremendous bottleneck.

    Once the Smart Contract is written to the MUSE Blockchain, any music service can read the information – which is updated in real-time – and start paying the rights holders their royalties through the network directly.

A sturdy foundation for the music industry

MUSE’s open, transparent and permanent nature makes it possible for anybody (artists, labels, Publishers, Royalty collecting organizations, etc.) to plug in for free and start building on top of this stable and solid infrastructure. Not being proprietary, there is no need to ask permission to anyone in order to use MUSE. Artists or entrepreneurs can plug into MUSE and benefit immediately from its use all while offloading the costs of maintaining their own databases to the Blockchain. Similar to the Internet, there is no need to “build your own Internet” or to plug into “someone else’s internet” in order to benefit from being connected to the world. Both MUSE and the Internet are free and permanent networks that are open to all.

Under the Hood

MUSE is a Membership Organization with its membership comprised of anyone and everyone that chooses to hold MUSE Core Units. The Blockchain itself is made up of 2 Billion Core Units, 1.5 Billion of which are in the hands of a global community of users and the 500 million remaining are in the Blockchain’s reserve fund.

What does MUSE do?

MUSE is a ledger that keeps track of Smart Contracts and three different types of cryptographic tokens: the Core Units, Smartcoins and User Created Tokens. It is also an On-Blockchain Exchange, allowing its users to trade all three types of crypto-tokens without needing to exit the ecosystem and trust a third party to hold their funds.

  • MUSE Core Units

    Core Units are what make up every blockchain. In the case of MUSE, tracking the ownership of core units allows the protocol to know who is a Member of the Organization, who can vote on important decisions and the weight each Member has when voting – one unit equals one vote.

  • Smartcoins

    MUSE also tracks every user’s balance of Smartcoins. Smartcoins are cryptographic tokens that track the value of its real world counterpart. The USD on MUSE, for example, is in effect pegged to the U.S. Dollar. This USD has all the benefits of cryptocurrencies: it's secure, global, instant, censorship resistant, fungible, etc., but without the volatility often associated with first generation cryptocurrencies. This means any artist, label or consumer using MUSE is doing business in a stable currency of a value and denomination he/she is used to.

  • User Created Tokens

    The final type of cryptographic token recorded on the MUSE Blockchain is the User Created Token. On MUSE, any user is able to create his own Token and have its ownership recorded on the Blockchain. The tokens can represent whatever the creator decides: Frequent flyer miles, concert tickets, wedding invitations, backstage passes, fan club memberships, etc.

MUSE management – Who runs the chain?

The consensus mechanism is called Delegated Proof of Stake and although the code does most of the heavy lifting, humans are still required and involved in DPOS. There are four types (three essential and one optional) of MUSE participants.

  • Members

    Anyone that has Core Units of MUSE is technically a Member of the Organization. They can use the voting power granted by their Core Units to vote for the Witnesses, Advisors and Workers they think would be best suited to work for MUSE.

  • Witnesses

    They are the nodes that view all updates to the ledger and timestamp them. Similar to what the miners are in Bitcoin only in this case, Witnesses must be voted in by the Members.

  • Advisers

    They propose updates to the parameters of the MUSE Blockchain like the fee structure of the network for example.

  • Workers

    None exist by default and they are optional. A freelancer, entrepreneur or even a well established corporation could propose to do a job that would benefit the Blockchain and all it’s participants.

Maximum decentralization of powers and responsibilities

No single human involved in this type of Blockchain has complete control over it.

Members, by owning core units, can only vote for the people, settings, projects and ideas they find most attractive and beneficial.

Witnesses can only observe what happens on the Blockchain and timestamp/notarize it. They have no say in the ledger’s content.

Committee Advisers can merely propose changes to the settings they think would make the Organization better adapted to current or future market conditions. They also have nothing to do with the contents of the ledger.

Workers are freelancers that propose to do a certain job for the Organization. Once again, no involvement with the data contained in the Blockchain.

Regular users just use the blockchain to either inscribe their copyrights on a secure and permanent ledger and send each other cryptographic tokens.