You know what happens when MNM plays a song from Bazart? They fill in a form, and this form needs to be passed through to the copyright institution. Then there is a formula that decides how much Bazart earns. Nine months after airplay Bazart gets paid.
We want to investigate if it is possible with the blockchain technology to achieve a new manner for intellectual property payment. In comparison with the situation today, blockchain is more transparent, safer, faster and accurate.
After the test (this test is still running), we should have software that analyses data from the radio show and generates the matching blockchain, this can be monitored in real-time by the artist.