Dear Friends, one little update.
Since this year, Ugochill Music can be found (alongside most of the world digital music web stores, music streaming and social media sites),also on pioneering and ever growing various Blockchain music streaming platforms.
To begin with Musicoin.
(Musicoin for musicians
With a unique currency, fair compensation, transparent contracts and no intermediaries;
Musicoin is revolutionising the creation and distribution of value for musical activity.
The Musicoin Blockchain ensures each musician receives the most competitive industry compensation, instantly and automatically, for each stream of music.)
What has been up to now, one very joyous and pleasant experience dealing with this platform, has culminated this week.
Where Ugochill Music has been chosen for Artist of The Week award for the week of 30. year 2018.
Love and support received not only that week, but since the very first day from Musicoin crew and Artists community involved, was simply outstanding. And together with feeling of joy, there was also sense of approvement, understanding that it was indeed good idea to join this mainly Indie Music Blockchain Music development and movement.
(Choon is a music streaming service and digital payments ecosystem—designed to solve the music industry’s most fundamental problems.)
Choon is second Blockchain music creaming site with Ugochill music and profile on it.
Together with Musician these are just first two Blockchain music sites, there will be more presence in the future as well with adding Ugochill material to Blockchain Video streaming and blogging sites as well.
Thank You so much for your support.
What is a ‘Blockchain’
“A blockchain is a digitised, decentralised, public ledger of all cryptocurrency transactions. Constantly growing as ‘completed’ blocks (the most recent transactions) are recorded and added to it in chronological order, it allows market participants to keep track of digital currency transactions without central record keeping. Each node (a computer connected to the network) gets a copy of the blockchain, which is downloaded automatically.
Originally developed as the accounting method for the virtual currency Bitcoin, blockchains – which use what’s known as distributed ledger technology (DLT) – are appearing in a variety of commercial applications today. Currently, the technology is primarily used to verify transactions, within digital currencies though it is possible to digitise, code and insert practically any document into the blockchain. Doing so creates an indelible record that cannot be changed; furthermore, the record’s authenticity can be verified by the entire community using the blockchain instead of a single centralised authority.”
What is a ‘Cryptocurrency’
“A cryptocurrency is a digital or virtual currency that uses cryptography for security. A cryptocurrency is difficult to counterfeit because of this security feature. A defining feature of a cryptocurrency, and arguably its most endearing allure, is its organic nature; it is not issued by any central authority, rendering it theoretically immune to government interference or manipulation.”
“It may be time for another disruption in the music industry. The industry, whose revenues plummeted due to disaggregation by technology services, is undergoing a renaissance of sorts, with blockchain-related startups devising new ways to fix problems.
The technology’s decentralised framework is especially suited to the music industry, where a phalanx of middlemen – including agents, marketing professionals and music studios – results in inefficiency and diminished revenues for artists. Music streaming has further complicated accounting and resulted in minuscule earnings for artists. Blockchain’s distributed ledger can be used for a variety of applications within the music industry, including ensuring direct payments to artists and establishing large digital rights management services run by artists themselves. Most attention within the industry is focused on two applications for blockchain technology.”