MAESTRO - Revolutionizing the Digital Music World

in #cryptobit7 years ago


Maestro is a blockchain-based music streaming platform for craftsmen and audience members that tries to reform the advanced music world. Blockchain innovation is obviously changing the face of the advanced music industry. Nonetheless, existing blockchain music administrations center exclusively around enhancing built up streaming and dispersion structures, and neglect to address crucial issues of the present industry. Future music items created with blockchain, not at all like their predecessors, must use the innovation to give inventive capacities that change the music industry at its center.

Maestro began with such a need, to tackle an issue that torment the music indusry today: to be specific, the unjustifiable structure of the industry itself. Outsiders, for example, names and organizations, right now procure in more than 80% of produced profits, leaving artists with scarcely any help and battling with money related weights. Music player organizations just fuel this disparity through wasteful administration. Maestro team trust that for both music and its industry to flourish, they should give a situation concentrated chief on advancing the imaginative endeavors of artists and ensuring their reasonable pay. Thusly, they propose a blockchain-based music platform that goes about as an imaginative biological community built up on idealistic cycles of shared participation amongst makers and customers. Music dissemination rights are as of now hoarded by outsiders, for example, labels and production organizations, who have utilized their impact to control the subsequent profits. The imbalance innate in such a dissemination structure influences artists, as well as purchasers, who end up troubled with absurd costs they should pay to enjoy music. Maestro plans to make a straightforward industry through decentralization with blockchain innovation. By forgetting the "mediators" from the procedure, customers will have the capacity to utilize streaming administrations at significantly more sensible costs.

MAESTRO MISSION AND AIM
"To make a profitable situation where artists are effectively upheld, a structure in which the privileges of inventive works are reasonably distributed, and an environment where artists and financial specialists can collaborate to share proffits" Maestro will likely change the current unified administration framework to a decentralized platform among users with blockchain technology. At last, they need to change the music streaming industry with the goal that the proffits came back to artists and financial specialists are all the more genuinely circulated. Unavoidably, there will be deterrents to executing new innovation in an effectively develop music industry. New innovation must fit with the present industry' structure and must be acknowledged by the entirety of its partners. Obstructions to passage are considerably higher because of the solid culture and longstanding traditions of the industry. Accordingly, Maestro's group will center basically around portions where blockchain technology can be reasonably executed. It must accommodate with the current bureaucratic music industry to make quick moves.

When it comes to the various sectors of an economy which helps to boost the economy of any country, the music industry cannot and must not be left out. The music industry forms a very vital component of any country’s economy. However, if the unfair structure of the music industry – which is when large percentage of the generated profit goes in favor of record labels and other agencies leaving artistes who have toiled hard to come out with good music to wallow in a state of financial crisis is overlooked, then I can assure you that, the music industry is about to incur huge losses. Fortunately, the unfair structure of the music industry has become a pertinent issue that some existing music services which is of blockchain base have made attempts to solve the problem, however, their effort fails to tackle the issues of the current music industry. In a bid to root out the issue of the unfair structure of the music industry, I introduce to you Maestro-a blockchain based music streaming platform- who has started with the need to solve the problems plaguing our music industry today without leaving a footprint. This article will talk about the problems Maestro has identified about our music industry and the possible ways of solving these problems.
SOME PROBLEMS MAESTRO SEEKS TO SOLVE

Some creative music industries across the globe have a lot of problems which need urgent attention and this is what Maestro has taken it upon itself to steer the music industries away from chronological inconsistent systems that continue to stifle artist’s creativity at a long run. Below are some of the problems identified by Maestro;
An unfair profit structure for Artistes.
These days, the mode of delivery of multimedia is strictly via streaming. This does not permit artists to sell their own products. This streaming is largely in the hands of record labels with which artists are signed to. Based on the terms and conditions agreed among parties (artists, and record label personnel), the profit is shared. Ideally, when you critically analyze this profit sharing structure, it can be seen that large percentage of the profit goes to the record labels since they own the platforms with which music and other multimedia are streamed. This makes artistes run at a loss.
Consumers incurring extra cost in other to pursue music
The cost of streaming and downloading of music files comes with a huge cost. A consumer will need a large amount of data bundle to be able to stream and download music files from the internet. Some streaming comes with paying a fixed amount and does not take into consideration, the quantity of music you are able to stream.
Agony for consumers
The extra cost incurred by consumers for streaming and downloading music files has made these same consumers get in touch with their favorite music through illegal means. This makes the various record labels to run at a loss and this has made them devise a strategy to avoid consumers from illegally retrieving artiste’s music from the internet. Record labels have implemented the use of block-chain service to secure artiste’s right and this makes it difficult for some consumers who are not conversant with blockchain to stream music.
TOKEN DETAILS

Maestro has brought about a token economy to be used in maestro ecosystem. MAE, which is maestro's token name is provided through snapshots of the wallets in Ensemble. The Maestro team's goal is to decentralize the profit structure through blockchain technology. All platform profits are affected by the number of platforms held.
Parameters Of The Maestro Token
Token name: Maestro Token
Token symbol: MAE
Price: 1 ETH = 10,000 MAE
Tokens for sale = 620,000,000 MAE
(Parameters of Maestro token sourced from https://bitcoinexchangeguide.com/maestro-ico-mae-token/)
CONCLUSION
If the unfair structure of the music industry is curbed, not only will it stimulate talents and create jobs, musicians will benefit and again, the government would be able to generate enough income to profit a country's economy. If Maestro is able to achieve its full potential, the aspect of unfair profit structure for artists and the extra cost incurred on consumers would be alleviated across the globe. Finally, I strongly recommend that you stay in touch with Maestro's laudable project via the following links;
Maestro website: https://maestroproject.io/
Maestro whitepaper: https://drive.google.com/file/d/1BNTYyrSiE0mh5Uh0UCWN9Z6SDMRof3gv/view?usp=sharing
Maestro telegram link: https://t.me/maestroico
Bitcointalk profile link:
https://bitcointalk.org/index.php?action=profile;u=2002666

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