NEM Powered Copyright Bank Partners With Cre8tor.App
NEM (XEM) based Copyright Bank has formally been launched. A day following the formal launch, the company declared its collaboration with Cre8tor.app, which was previously referred to as RecordGram. The Cre8tor team which supports the music collaboration app had earlier succeeded in winning the TechCrunch Disrupt Cup prize.
According to their announcement, the company also asserted that they will record beats and songs which are original on the NEM Blockchain. This will be carried out through the Copyright Bank platform.
About the Copyright Bank
Copyright Bank will lay a lot of emphasis on turning patent works into vibrant smart assets supported by Blockchain. The company is among the rare companies which has been funded by the NEM Community Fund. The budding firm, which is based in Melbourne, was established in partnership with ASTA Solutions, an ecosystem integrator together with MEM. i.o Foundation.
According to Jason Lee, the foundation’s director for New Zealand and Australia, the foundation is enthusiastic to have come up with a system which can be of service to the international populace through cross-border crucial collaborations as part of the new NEM blockchain technology which is simple to use and has a global network.
The platform which was newly launched will go a long way in enabling holders of virtual works to digitally-fingerprint as well as timestamp their activities on the NEM blockchain. This will be instrumental in serving as a method of patent security for their activities.
Certification Of Intellectual Property Rights
David Oh, the CEO of Copyright Bank is of the view that the company is in the near future expecting to partner with RecordGram to certify that the intellectual property rights of creators of content are acknowledged. This will be implemented in the entertainment industry where several cases of infringement of patent rights are rampant.
According to Erik Mendelson, Tune Token’s CEO, the company is pleased to work with Copyright Bank. This is mainly due to the fact that they have a functioning product that permits users of the platform to record their tracks on the NEM blockchain. In his view, the music industry is facing a major challenge since many artists are being poor paid, as a result of poor patent recording.
Many artists all over the world now have the opportunity availed by Copyright Bank to ensure that their songwriter attribution is duly recorded on the NEM blockchain. Eventually, users of the platform will have a recognized and verifiable proof of possession.