Problem in the Current Music Industry and the Solution of Fluxorin

INTRODUCTION:

Now the music industry is more developed than the previous. In the previous, the music industry was so strenuous as well as expensive also. Now technologies are being used in this industry. But still now there is a problem in the payment system of the artists and the producers as well as in distributing music. So, FLUXORIN emerged to solve those problems currently going on in the music industry.

Music Industry and FLUXORIN:

In the previous music industry, it was so costly as well as rugged process to record the music. The recorded copy of the music performance was the only product. So, if any problem occurred, most of the risks were taken by the publishers and the producers. This system still now presents in the current music industry. There is transparency lacking in the current music industry. There are a lot of companies providing music streaming services such as YouTube, Spotify, Pandora, Apple etc. they are raising the profits every year. But most of the portion are received by the rights holders. Very little amount of the profit is left for the music publishers, artists, composers, record labels. There are many reasons behind these present situations. One is that, there are a lot of rights holding companies are emerged to the outsiders or the listeners as black box. It’s not possible to destine the recipients for the royalty payments. So, on the base of the market share of the publishers as well as labels, the money can’t be distributed properly. Because they don’t have any idea how to identify the proper recipients of the payments which are not shared with the artists and the composers. So, FLUXORIN want to solve this current problem of the music industry using the blockchain technology. They want to provide transparency to find the proper ownership and the proper digital distribution of the music. By using the Decentralized Autonomous Labels, they want to make a new model of the processing of music creation. Currently, we are seeing the cosmos development of the digital music. A rampant and discernible change in the way listeners and the producers view and use the music industry has been created by the evolution of the digital music. Now in the digital music system, the music files are compressed digitally. So, now its so easy to download the music legally by paying a small amount of charge or illegally for free. There are various social medias. It makes a demand from the listeners for the artists which creates a digital relationship between the artists and listeners. So, the social medias’ and internet are used to promote the artists and to make them profited. This way of marketing process and distributing music process, take the music industry to a new level. Once the legendary and inspirational singer Bob Marley said,” One good thing about music, is that when it hits you, you feel no pain.” But in our current situation of digital era, it is the music and the people who are the creator of music that seem to be feeling all the pain.

MUSIC PIRATING:

In 1998, with the development of the MP3 player, the real growth in rising the technologies was began. At that time, for listening music, it was a new sort of compressing audio. It takes less space as well as increase the quality of the audio also. The creator who have invented the MP3 system they only saw the usefulness of this technology but didn’t know that would be a problem one day.

They thought that this mp3 technology would make so easier to distribute and to enjoy the music. But the situation was it directed to the development of the online file sharing system or sites without any charge which follows the peer to peer transfers of music.

Power of Music Sharing:

This development of the online music led to the stealing the music. Because of this serious issue. The record labels want a new way to distribute the music. The artists are not getting their proper profit. So, they also want a new way to market themselves and their music online. If the music gets published once through the flash drives, cd or any other ways, the artists or composers won’t get a cent of profit. This illegal file sharing system is called music piracy. Because of pirating music, all the recording companies don’t get their profit. Sometimes they don’t earn that amount of money also what they have invested. So, the artists think that the recording companies are forcing them indirectly to work with them and showing the artists that they don’t get the profit. The more the listener or the customer valued the artist, the more valuable music will be created. If the value is decreased, it will decrease the profit of the artists. The value can be decreased because of the music pirating also. Music pirating decreases the artists popularity also.

The newer don’t make any place in the produce chart hits. In the due of time, they also started knowing the real situation of the music industry. They become hurt form this allocating and experience less sales than before peer to peer sharing. So, the minor labels want to get some new ways of file sharing tool which will be a helpful. By getting this small amount also, the artists can’t bargain. Because they don’t have any other way. So, the musicians can’t make a living. This situation forces them to shift other jobs or taking the music career as a part time or changing the music career. So, for marketing, most of the musicians are busy in advertising or marketing online, sharing the content online, recording or the creating the music themselves.

Conclusion:

We are living in that culture where money is more valuable than any other thing. It affects the music industry also. Without money, the artists can’t show their creativity which affects the music world. The listeners also have right to get the music in cheap rate. So, FLUXORIN can fix this problem which is needed badly in the current music industry.

ICO NAME	Fluxorin
Website	https://www.fluxorin.io/
WhitePaper	https://www.fluxorin.io/wp-content/uploads/2018/05/FLUXORIN.pdf
Twitter	https://twitter.com/fluxorin_io
Telegram	https://t.me/FluxorinICO
ANN Bitcointalk Thread	https://bitcointalk.org/index.php?topic=4361686.0

Author Bitcointalk ID	onemancrypto
BTT link	https://bitcointalk.org/index.php?action=profile;u=1769254
ETH ID	0x9028bF231cC510105c202213078d33ce1E2de102