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How Artist Can Profit More with Blockchain

Published: 01/11/2018  -  By Jason Palmer

Whether we’re talking about art, cinema, theater, music, and publishing companies or groups, there’s always one thing going on between these artists and those who are feeding off of their skills and talents. In reality, there’s always a partnership between artists, middlemen, producers, marketers, and the like. In the end, it’s always the artist who gets the last credit despite being the creator.

Because of this harsh reality, many of these artists opt to launch their own businesses alone. Luckily, they now have the technology to do businesses independently. One of the most effective ways to promote, store, and most especially, secure valuable data is by using blockchain technology. We’re not only referring to money alone, but we’re also speaking of private properties, deeds, titles, art, music, and even scientific discoveries. With blockchain, moving, storing, and keeping private information is surely stored without anomalies.

Just like in Cryptocurrency Signals, everything is done in a transparent and objective manner. If you observe crypto sites like Bitmex Trading, you can safely say that their systems are not easily manipulated. This is the power of using blockchain technology. You’re assured that you can keep all of the important data you have without worrying about toxic people in the industry backstabbing or using you.

Although not all people in the industry would try to steal from you, using blockchain technology is definitely a safer move. With this, you’re confident that none of your works are disrespected and disturbed without your permission.

If you’re an artist who’s interested in incorporating blockchain into your world, here are some great artist-friendly features that you can use when you start:

Value Templates

This is a sure way of helping artists practice their rights as owners and entrepreneurs of their own works. Here, an artist can make deals and act an equal partner in any business idea he makes.

Funding Mechanisms

If you’re an independent artist, using blockchain-based crowdsourcing platforms can help you fund your projects and at the same time meet new people who are truly interested and are passionate about your trade.

Transparent Ledgers

You can also add ledgers that allow viewers to see the revenue of a film or a play. If you want to practice transparency, this will work out well for you.

Direct Monetization

To help artists earn money, it’s important that people directly watch their works from credible sources. With blockchain technology, you can do just that. Here, you will be able to direct your viewers on legitimate sites and sources so that you can earn by means of bitcoin trading.

Data Analytics

Of course, you will also need to have your own secretary to keep track of everything. With blockchain, you will have your own digital partner who will assess any gathered data, plan promotions and crowdfunding activities, and connect with distributors and manufacturers in the future.

Digital Rights Management

As an artist, you really want to protect your rights, especially when you’re new. Thus, with DRM, you’ll be able to practice your rights digitally.

There are so many blockchain features that artists can surely benefit from. If you’d love to integrate this into your passion someday, you can start with the list above. Once you get the hang of it, you’ll definitely see more growth in what you’re doing.

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