Blarecast utilizes BSV blockchain’s power, speed and flexibility

Leading up to SXSW, we’re reaching out to the various music platforms that build on Bitcoin SV to learn more about how they’re empowering artists, creating unique revenue streams, and strengthening their relationships with fans. In this series, we interview Blarecast, a new music streaming service that harnesses the power, speed, flexibility and unique features of blockchain.

How does your platform uniquely serve audio content?

Blarecast Ecosystem is a platform that provides a structural template for future innovation. In the first instance, we solve a number of challenges by allowing immediate payments and split payments to rights holders. Bands, artists, DJs and others can publish themselves on our platform. In addition, we incorporate industry-standard built-in tools that enable next-generation use of new applications of blockchain to empower content creators.

However, our platform is not limited to just being a marketplace or music platform. The Blarecast ecosystem enables the next generation of patent pending technology that delivers content and serves as a test bed and proof of work to advance the development of next generation content delivery via blockchain in its application in the media field in both web3 and beyond. We are excited as we move towards the launch of the platform. With great support from the community, we have worked diligently with our partners and supporters to ensure a seamless solution for our users and rights holders.

What are the errors in Spotifyits (for example) business model?

At Blarecast Systems, we see no fault in Spotify’s model. The history of music distribution shows that when Spotify was introduced, there was a lack of a simple system to monetize music distribution on the internet. Therefore, we can say that Spotify solved the “piracy problem” by offering consumers an all-you-can-eat package for music media consumption.

However, we recognize that we stand on the shoulders of giants, and today Web3 music applications built powered by blockchain offer a variety of solutions that benefit consumers and artists, empowering rights holders in innovative ways that include media storage, music aggregation, tokenization, and distribution.

How does your platform connect fans and artists more directly?

At first glance, a proponent of blockchain-based web3 music streaming platforms might argue that these platforms connect fans and artists more directly by removing intermediaries such as record labels and distributors and allowing artists to receive payments directly from fans. However, I would argue that the innovation and reality of these platforms is more nuanced than that.

For example, blockchain has revolutionized the distribution of music media in areas such as royalties, content aggregation, content storage, more efficient monetization, faster delivery and intelligent delivery of content. The interdisciplinary areas of transformation caused by the application of blockchain innovation to the music industry are both macro and micro in their context. Transformation is happening at every level in any given industry as blockchain innovation takes root. Web3 platforms powered by blockchain enable a closer artist/listener experience, but not at the expense of stakeholders. Their place in the industry is still necessary as they represent delivering the service to consumers but now in a more efficient form or process, saving costs and providing clarity and better value to rights holders in the future.

Do you see the pay-per-stream model as having too much friction for listening to songs versus ads or subscription models?

While the pay-per-stream model is often seen as having more friction than ad-supported or subscription models, this barrier is being removed by innovations in the BSV blockchain space. It should be recognized that it offers unique advantages in terms of flexibility and cost-effectiveness. With pay-as-you-go streaming, users only pay for the songs they actually listen to, which can be a more economical choice.

In addition, pay-per-stream models provide a seamless and uninterrupted listening experience, as users do not have to deal with ads that interfere with their music. While subscription models can be great for heavy music listeners, it’s important to remember that nothing in web2 is truly free, as the user often becomes the product due to ad-based data usage models. Pay-per-stream models provide a viable option for those who don’t want to commit to a recurring subscription fee or sacrifice their privacy.

Overall, the pay-per-stream model offers a unique and valuable option for music fans. Furthermore, pay-as-you-go is already a well-established payment model used in a number of industries, such as energy, transport and telecommunications. By incorporating blockchain technology, we can create new ways to distribute and consume media content beyond conventional methods. At Blarecast Systems, we are committed to exploring these new opportunities and revolutionizing content distribution, aggregation, media and more.

Do you see blockchain technology disrupting the current music industry?

At Blarecast, we firmly believe that blockchain technology is a powerful tool for improving the efficiency, optimization and overall empowerment of the music industry and beyond. Our mission is not to tear down existing structures, but to create new possibilities and opportunities for all stakeholders involved. By working with industry and our partners, we are committed to harnessing the full potential of blockchain technology and ushering in a new era of innovation and growth.

We are dedicated to playing our part in creating a brighter future for the music industry and beyond, by providing cutting-edge tools and technologies that meet the needs of all stakeholders involved. We see ourselves as an enabler of change, empowering industry to embrace the transformative power of the next generation internet.

What role do you see NFTs having for artists in engaging their fan base?

NFTs are a revolutionary technology with a wide range of applications, including ticket automation, asset management and more. At Blarecast, we are excited about the standardization of NFT use cases in the music industry. We are actively seeking opportunities to collaborate with other stakeholders to explore interoperability between different music providers.

By promoting cross-distribution of users and the creation of shared download capabilities, we can take the industry to new heights. Our approach is not to dictate what the industry should do, but rather to collaborate and create a unified solution that empowers all stakeholders. As the year progresses, we expect standards to emerge, and Blarecast is committed to co-creating a more unified and interoperable blockchain music ecosystem by co-creating or adopting a unified solution in this field.

Why did you choose to implement Bitcoin SV for your platform?

At Blarecast Systems, we are committed to providing the best possible experience for our users, while empowering content creators and rights holders in the music industry. After careful consideration and analysis, we have chosen to implement Bitcoin SV (BSV). BSV offers a number of benefits, including faster transaction times and lower fees compared to anything else.

This means our users can enjoy a seamless and efficient payment experience while content creators and rights holders can receive payments faster and with fewer fees. In addition, BSV’s focus on data and scalability aligns well with our vision for the future of the music industry, where blockchain technology can enable new levels of transparency and efficiency. We believe that BSV is the ideal choice for our platform and we are excited to work with the powerful blockchain.

Thanks, Blarecast, for answering my questions. I hope readers learn more about the platform and how they uniquely approach monetization in the music industry.

See: Bitcoin is music to artists’ ears

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