1145: Bitfury Surround - A Bespoke Ecosystem for the Music Industry
Bitfury Group, leading security and infrastructure provider for the Bitcoin Blockchain, has launched a music entertainment division named Surround last year, the first initiative of which is a fully interoperable digital ecosystem for the tracking, storing, and monetization of music and entertainment copyrights.
Secured by the Bitcoin Blockchain, the platform is capable of capturing 100K transactions per second in immutable form and completing tasks such as user authentication, metadata management, and split royalty payments. The ecosystem enables a dynamic marketplace and the creation of commercial APIs for third party partners and developers.
Providing users with a dashboard where they can track these transactions in real-time, Surround aims to ensure transparency and trust, as artists are empowered, and payment procedures are incentivized. This mission is grounded in the industry wisdom and experience behind Surround’s founding team led by CEO and co-founder Stefan Schulz.
Schulz joins me on Tech Talks Daily to talks about Surround and how the platform deploys blockchain technology. Schulz was a founding member of Universal Mobile and has over twenty years of experience in the music industry.