Cardstack Syndicate Inc, which is the creator of the structure of the Cardstack crypto platform, has decided to form a partnership with Dot Blockchain Media Inc, which works primarily with media. However, their joined forces will help them to keep better clarity with the transparent blockchain that connects them. The partnership is supposed to focus on the rights to certain music, media, and other data as they bring up the issues that this industry faces.
Without the ability to properly log the media and music metadata storage, artists are at risk of losing their profits over the content. DotBC will be integrating the blockchain to their system for a transparent record of the exchanges that happen on their database, reducing the risk of profit loss to the artists that contribute to their brand. Furthermore, artists will regain control over the way that their art and ownership of that art is handled.
In a statement from Ken Umezaki, who is the CEO of DotBC, he said:
“The Cardstack partnership is a natural next step for dotBC to accelerate its development and business efforts. We collectively identified an opportunity to significantly enhance dotBC’s technology and business plans by formally aligning our efforts more closely. Leveraging Cardstack’s technology allows us to effortlessly integrate a world-class technology and services stack that combines the cloud and blockchain layers for our clients. I am really excited about working with Cardstack to deliver the first fully functional media rights management use case for the blockchain.”
This is far from the first time that DotBC has partnered with another brand. In the past, they’ve also collaborated with:
- The Society of Composers, Authors, and Music Publishers of Canada (SOCAN)
- MediaNet, an advertising network
- FUGA, a technology company that focuses on distribution
- CDBaby, an online music shop
- Intel, a major tech brand
DotBC has used Intel’s blockchain services to outline their recording rights registry. The founding director of Cardstack, Chris Tse, has noted that the big issue that is seen in the music industry is that everyone from publishers to artists are losing the profit they should make. All of these issues are due to improper storage and blockchain tracking. In a statement from Tse, he states,
“Cardstack and dotBC saw a marked opportunity to refine the music industry’s processes by introducing our robust blockchain-based framework as an on-ramp to storing and recalling crucial data.”
With the “solution” that the company has created, current players in the music industry gain access to a music rights system with greater functionality.