Decentralized Music Streaming Platform
A blockchain-powered music streaming service that connects artists directly with listeners, enabling transparent and instant royalty payments through smart contracts.
Description
The Decentralized Music Streaming Platform revolutionizes how music is distributed and consumed by creating a direct connection between artists and listeners. Built on blockchain technology, this platform allows musicians to upload their work directly to a decentralized network where fans can discover and stream music while automatically paying royalties to creators at the moment of consumption.
Unlike traditional streaming services that collect payments, hold funds for extended periods, and distribute minimal royalties to artists after taking substantial cuts, our platform ensures that royalties flow directly to creators' wallets at the exact moment their music is streamed. This direct payment system eliminates intermediaries, reduces payment delays from months to seconds, and creates a more equitable economic model for musicians.
The platform employs smart contracts on the Ethereum blockchain to manage transactions, track streaming activity, and handle royalty payments. Music files are stored on IPFS (InterPlanetary File System), ensuring that content remains censorship-resistant while reducing centralized storage costs. The transparent nature of blockchain technology allows all participants to verify payment flows and streaming statistics.
Progress During Hackathon
50
Tech Stack
Fundraising Status
na