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.”
Transak Secures Dual Licenses in Canada and Delaware for Crypto Access
FMLS:24 | Shaping the Next Era of Financial Evolution
FMLS:24 | Shaping the Next Era of Financial Evolution
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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.
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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!
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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.
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FM's Andrea Badiola Mateos at LSEG's Cyprus event
FM's Andrea Badiola Mateos at LSEG's Cyprus event
FM's Andrea Badiola Mateos at speaking in a panel discussion at LSEG's Cyprus event
FM's Andrea Badiola Mateos at speaking in a panel discussion at LSEG's Cyprus event
The Role of PAMM, MAM & Copy Trading in Business Growth Strategies | Webinar
The Role of PAMM, MAM & Copy Trading in Business Growth Strategies | Webinar
The copy trading market is projected to double in size, growing from $2.2 billion to $4 billion by the end of this decade. In light of this, brokers and financial institutions are increasingly adopting PAMM, MAM, and Copy Trading solutions to scale operations and drive profitability. In this insightful webinar, Sergey Ryzhavin, Product Owner at B2COPY, outlines the advanced features of the B2COPY platform, showcasing how it enhances Copy Trading, PAMM, and MAM performance. Sergey also explores strategies for using these tools to attract new clients, improve customer engagement, and create additional revenue streams.
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The copy trading market is projected to double in size, growing from $2.2 billion to $4 billion by the end of this decade. In light of this, brokers and financial institutions are increasingly adopting PAMM, MAM, and Copy Trading solutions to scale operations and drive profitability. In this insightful webinar, Sergey Ryzhavin, Product Owner at B2COPY, outlines the advanced features of the B2COPY platform, showcasing how it enhances Copy Trading, PAMM, and MAM performance. Sergey also explores strategies for using these tools to attract new clients, improve customer engagement, and create additional revenue streams.
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Join us at FMLS:24 to connect with global institutional brokers. Secure your spot today! #fmls24
Join us at FMLS:24 to connect with global institutional brokers. Secure your spot today! #fmls24