Blockchain Music Platform VOISE Joins Ethereum Enterprise Alliance

Nov 19, 2017 at 09:40 // News

VOISE continues to forge ahead in its bid to decentralize music consumption by becoming the latest member of the Enterprise Ethereum Alliance, the largest blockchain alliance connecting Fortune 500 with Ethereum specialist, less than a month after the successful launch of its platform.

The membership will enable Voise to directly network and engage with some of the most distinguished companies in the world including: Accenture, British Petroleum, BNY Mellon, Cisco, Deloitte, ING, JP Morgan, Microsoft, Santander, Samsung, Toyota Research, UBS and much more. 

The membership has been hailed as crucial to not only the Swiss-based startup, but also to the disintermediation of the music industry, allowing music artists and fans to enjoy and express their love for music. 

The Challenge 

Lately, technology has been the driving force behind the music industry’s resurgence and growth, allowing users to consume more music from more devices and artists. Currently, on-demand and on-the-go music stream have now surpassed 468 billion this year alone. This is a considerable increase of 62.4% over the same period last year. 

However, instead of enjoying increased distribution and revenue generation opportunity, independent artists continue to grapple with high distributions costs, shrinking revenue and limited reach from centralized platforms.

The Solution 

Several attempts had been made to create a decentralized, blockchain platform for music distribution, however, none of them was designed with the user in mind.
This is where Voise shines. 

Focusing on simplicity, Voise bridges the gap between mainstream users and crypto community by allowing both crypto and fiat payments with options to deposit and withdraw to their wallets either in Voise tokens or ETH. This enables users to get straight to listening and downloading music without wasting time to set up complex wallets.

This simplified and streamlined methodology also stretches across other users interactions from direct access to popular music and top downloads on the homepage, to the ability to find new music from a thematic search engine categorized by favorite artists or genres. Users can also discover new music and artists and get first-hand updates on the latest development from the platform’s exclusive Radio DAO.

The platform also facilitates music artists with tools to easily upload songs and albums at a price of their own choosing or earn from fan donations instead. It also allows them to directly interact with their fans and community. 

Unprecedented Development

With endorsements from Grammy-nominated Carolyn Malachi and DJ sensation Jinco, Voise believes that all revenue from music content should remain the content creator’s. The blockchain provides a unique backbone for the development of an artist-focused and truly decentralized platform the will replace the commission-heavy, traditional models. 

To this end, Voise is constantly updating its development roadmap to reflect new partnerships and upcoming platform features (including an artist verification system and search engine) that will revolutionize the industry. Voise has also strengthened its business viability by partnering with reputable companies like MicroMoney and Coinomi. The platform also intends to create a South Korean music community to attract investment from an emerging market with global aspirations.

About Enterprise Ethereum Alliance 

The Enterprise Ethereum Alliance (EEA) is the world's largest open-source blockchain initiative and offers the most industry-focused, member-driven Working Groups. It is an industry-supported, not-for-profit established to build, promote, and broadly support Ethereum-based technology best practices, open standards, and open-source reference architectures. EEA is helping to evolve Ethereum into an enterprise-grade technology, providing research and development in a range of areas, including privacy, confidentiality, scalability, and security. EEA’s membership represents a wide variety of business sectors from every region of the world, including technology, banking, government, healthcare, energy, pharmaceuticals, marketing, and insurance, as well as a number of fast-growing Ethereum startups.

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