Bitfury Surround’s first initiative is to create an open-source music platform secured by the bitcoin blockchain.
The Bitfury Group, a Bitcoin mining giant and Blockchain transactions processing company, announced this Wednesday that it has launched Bitfury Surround, a music entertainment division.
According to the statement released today, the division aims to design blockchain solutions to address the challenges faced in the music industry by artists and other stakeholders. Bitfury Surround’s first initiative is to create an open-source music platform secured by the Bitcoin blockchain.
The platform, which is named SurroundTM, will attempt to streamline the operations of the music entertainment industry, through the secure transfer of copyright assets, streamlined connectivity and enhanced monitoring and management systems.
In order to achieve this, the platform will create a digital system for sharing and monetizing intellectual property. It will also provide trusted data and transparent management systems, the Bitfury Group said.
Commenting on the launch, Valery Vavilov, the CEO of Bitfury said: “The music entertainment industry has evolved into a complex, competitive, technology-driven environment that suffers from a severe lack of transparency. We want to champion artists and help incentivize the growth of the entire industry through the creation of this open, blockchain-based ecosystem.”
While this is not the first venture into the music industry by a technology company, it is one of the first moves by a large blockchain firm, particularly with the intention to decentralize the music industry.
Bitfury appoints Stefan Schulz as CEO of the division
Leading the new division is Stefan Schulz, a music and entertainment veteran with more than 20 years worth of experience in the industry. He has been appointed by the blockchain group as the CEO
“The Surround ecosystem will foster transparency and trust, save administrative costs and improve a secure and transparent flow of content from artists to consumers on the blockchain, making efficiency gains available to all market participants fairly,” Schulz added.
“Only a true market leader such as Bitfury, dedicated to making the world a better place, can have the boldness to enter such a meaningful marketplace with an open-source and cooperative platform.”
The Bitfury Group, a Bitcoin mining giant and Blockchain transactions processing company, announced this Wednesday that it has launched Bitfury Surround, a music entertainment division.
According to the statement released today, the division aims to design blockchain solutions to address the challenges faced in the music industry by artists and other stakeholders. Bitfury Surround’s first initiative is to create an open-source music platform secured by the Bitcoin blockchain.
The platform, which is named SurroundTM, will attempt to streamline the operations of the music entertainment industry, through the secure transfer of copyright assets, streamlined connectivity and enhanced monitoring and management systems.
In order to achieve this, the platform will create a digital system for sharing and monetizing intellectual property. It will also provide trusted data and transparent management systems, the Bitfury Group said.
Commenting on the launch, Valery Vavilov, the CEO of Bitfury said: “The music entertainment industry has evolved into a complex, competitive, technology-driven environment that suffers from a severe lack of transparency. We want to champion artists and help incentivize the growth of the entire industry through the creation of this open, blockchain-based ecosystem.”
While this is not the first venture into the music industry by a technology company, it is one of the first moves by a large blockchain firm, particularly with the intention to decentralize the music industry.
Bitfury appoints Stefan Schulz as CEO of the division
Leading the new division is Stefan Schulz, a music and entertainment veteran with more than 20 years worth of experience in the industry. He has been appointed by the blockchain group as the CEO
“The Surround ecosystem will foster transparency and trust, save administrative costs and improve a secure and transparent flow of content from artists to consumers on the blockchain, making efficiency gains available to all market participants fairly,” Schulz added.
“Only a true market leader such as Bitfury, dedicated to making the world a better place, can have the boldness to enter such a meaningful marketplace with an open-source and cooperative platform.”
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
FMLS:24 | Shaping the Next Era of Financial Evolution
FMLS:24 | Shaping the Next Era of Financial Evolution
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
📣 Stay updated with the latest in finance and trading!
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