More $HPNN from their website. It's going to build like FB and Twitter did. They all start somewhere.
HPNN longer-term vision of digitalage is much grander. Through an open platform built on blockchain technology owned by
the commons, we want to enable 1-click licensing of all media for any use.
This requires legal, technical & standards innovation. Musicians will publish their metadata into a machine-readable,
distributed database, consumable by all. From here, anyone can utilize the smart contract attached to the metadata to
enter into an automated agreement to buy and use the rights attached to it. A media custodian, as part of the agreement,
will disburse the media for its particular usage.
We are producing metadata according to the COALA IP standard and publishing it towards the InterPlanetary File System
(IPFS). We are using smart contracts for agreements & payments. We have spun up and tested distributed databases. We
will soon demo an end-2-end, fully legal, smart licensing agreements. We are busy researching & building next-generation
streaming technology that allows transactions at a very, very granular level: allowing fans to listen and pay directly to
musicians when they stream music. This will all happen with flexible encryption to ensure that musicians receive what they
are due.
In building this economy as a platform, digitalage will build value-added services on top of it. This will take time.
Technology will mature. But the vision is clear. Eventually, we will have a global record of rights with fully automated,
globally compliant smart licensing without intermediaries. When this works, musicians will receive substantially more
revenue without any of the complex, unnecessary, administrative burden in between. Fans will be able to participate in
these new music economies.
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