It has been announced that JAAK, a London-based blockchain network, launched a prosperous pilot named KORD.
KORD performs as a decentralized web of IP intelligence. It combines establishing information through labels, publishers, PROs, songwriters, and their representatives. Consumers can attach to a joint data network that applies the Ethereum blockchain. They’d have the exclusive right to install, upgrade, and eliminate their own information. This system can establish a public rights directory and an inflexible audit trail.
“KORD is technology that enables stewards like us to collaborate on the dynamic picture of every song and ensure the correct writers and publishers are accurately and efficiently compensated.” – Sean O’Malley, COO of Global Music Rights
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