Blockchain technology is likely to kickstart a revolution in the music industry. Over the recent years, ideas to remove financial intermediaries and replace it with an automated payment system have been transformed into platforms with inbound investments. It is a great time for the artists, for they could be part of something really revolutionary, to say the least.
Viberate is a refreshing attempt towards improving one of the most important section of the music industry for artists: event organization. The innovative platform uses blockchain technology to make the lives of music artists and event organizers easier by offering a one stop crowdsourced live music ecosystem. The recently publicized platform has announced the upcoming ICO, providing an opportunity for cryptocurrency investors to purchase VIBE (VIB) tokens.
Viberate is designed to match musicians with event organizers. The platform is currently in the process of listing over 120,000 musicians from across the world. Once operational, it will offer a great opportunity for musicians to gain recognition by performing in various events. At the same time, the event organizers can find the musicians of their choice with great ease, helping them significantly reduce the time and resources required to organize events on behalf of their clients.
The listing will include artists who have attained the “superstar” status to garage bands and amateur musicians who are otherwise invisible due to their lack of big record label contracts. Viberate has already attracted the attention of organizations and individuals. It is supported by the European Commission’s Music Moves Europe Initiative, Republic of Slovenia’s Ministry of Economic Development and Technology, Charlie Shrem and others.
Viberate is not new to the live music curation and artist database. The creators of the platform have been operating Topdeejays.com as a pilot project. The statistics available on their official website states the size of the music industry to be near $250 billion, with over 50 million global events organized every year. Considering the United States alone, over 60 million tickets for such events are sold each year, of which 80% of the sales happen online.
The platform has a concrete roadmap, detailing every step of development and release. Those interested in being part of the revolutionary platform can check Viberate’s website for more information about the project and upcoming token sale.o