Blockchain technology has the power to increase financial inclusion and change the lives of many throughout the world, especially in emerging economies where it’s needed the most. While the potential of blockchain technology has been widely recognized, even among the harshest critics Bitcoin (BTC) itself, the possible use cases for blockchain technology are often thought of as limited only to the financial industry.
Comparable to the emergence of the internet, the introduction of blockchain technology presents a disruptive change to the music industry. This disruptive technology presents interesting policy issues related to registering and monetizing intellectual property , policing piracy , and creating and executing more flexible contracts between and among members in the music supply chain , among others.
The blockchain technology has the ability of the distributed ledger technology to steer the industry toward a distributed model and its potential to drastically alter the entire music supply chain. It initiates a conversation about policy implications and how policymakers might address the issues related to adopting blockchain technology, including designing policies that support an environment that enables the well-deserved compensation. I will be letting you on a platform that is at the forefront of blockchain technology which is the BEATBIND project, a platform that connects, musicians, venue, event organizers and fans to creat a memorable music event anywhere in the world.
ABOUT BEATBIND PLATFORM
BeatBind connects musicians, venues, event organizers and fans to create the most memorable music events on Earth. BeatBind aims to become the long-awaited platform for music event organization, with BBND being the cryptocurrency token used for all its transactions. BeatBind aims to solve these problems one by one through the development of the Platform and the wider ecosystem. The main idea is to enable all participants in the event organization's ecosystem to connect and interact efficiently. Beatbind will take advantage of the high demand for the best artists, organizers and venues and significantly increase their rates using a variety of auction models. BeatBind will provide more opportunities for new artists both locally and globally. In addition, fans can purchase tickets directly from the organizers of all events created on BeatBind, preventing fraud, counterfeiting and scalping of tickets. The new freebies of a market like this will include the creation of a variety of events, from concerts and festivals to exclusive private parties. As the Platform scales, the barriers to entry will be significantly lowered for all parties. Finally, BBND as the official token will capture most of that new value, which will be created for the first time in the world on BeatBind.
BEATBIND ECOSYSTEM
BeatBind is a long overdue industry platform for music event organization.
BeatBind is developing a multi-stage business, each level standing above the other, to tackle each of the 4 industry-prevailing problems:
BeatBidder
A platform for connecting venues, DJs, artists and all other parties involved in the process of organizing a music event. We connect DJs, artists, venue owners and everyone involved in the music event organization process to provide all with the best possible opportunity. By leveraging the auction system, Beatbind seeks to both increase revenue for DJs and the most popular venues, while large market size cuts costs and lowers entry barriers for nearly everyone who takes part in producing music events. BeatBind also counts promotion, sponsorship, and organizational outsourcing of events among the services that the platform is ultimately interchangeable with.
BeatBuy
Ticketing will be a default feature of any event created on BeatBind, which will be immediately sold and offered to the fan base, thereby massively reducing entry barriers. This prevents ticket scalping, counterfeiting, and a secondary market boost that steals $ 8 billion annually from event creators. BeatBuy will eliminate this problem and put the money back in the pockets of artists, organizers, and all the businesses that actually create experiences.
BeatX
The app gives fans the leverage they need to shape even those attending, and experience oriented events like dating. Fans will have access to the news feed and will be involved in a variety of ways to help organizers better shape events that are attended by the same fans. To ensure the integrity of all transactions and to protect all parties, BeatBind plans to introduce a strict escrow protocol for refunds in the event of a failed transaction and dispute resolution.
BeatAI
Provides revenue projections and other heuristics that help all platform users decide who to hire, where to appear, etc. The platform will use machine learning to generate revenue estimates to help you justify decisions in any part of the music event organization process. This will greatly reduce the risk and spur even more growth. BeatBind believes this is just a step the industry needs to take to get out of the darkness caused by a lack of data, and make better decisions.
BeatBind Technology
BeatBind uses a blend of both bleeding-edge and battle-tested technologies to bring superior performance and flexibility to every part of its ecosystem. BBND will be implemented as an ERC20 Standard Token on the Ethereum blockchain network. Similarly, other Smart Contracts necessary for the working of BeatBind will be implemented on Ethereum, and will enjoy the full security of its blockchain.
This gives the following properties to all the transactions on the BeatBind Platform:
Security, because every transaction on the blockchain is secured with the latest cryptographic protocols
Transparency, because every transaction on the blockchain can be accessed and verified by anyone
Immutability, because every transaction on the blockchain is permanent, and no one party has the authority to change history.
Thus all transactions on our Platform will be open, crawlable and verified. This will be accomplished via the BeatBind transaction explorer. This will be done based on the current blockchain explorer, but more personalized for one's BeatBind account, and much more accessible from a UX point of view. BeatX will extract all necessary data when interacting with our Smart Contracts on Ethereum, so that anyone can confirm that any offer or transaction of the Platform is transparent and irreversible.
BBND Token Details
"Everything will be tokenized and connected by a blockchain one day."
The ultimate vision is to make BeatBind a universal token for the music events industry.
As a trustless, truly worldwide, and low-cost payment method when compared to traditional ones, a cryptocurrency token is an absolutely necessary part of the BeatBind Platform. The BeatBind token (BBND) is a utility token and the medium of exchange for all transactions on the BeatBind platform. It will also aim to unify all payment mechanisms in music events - no more physical chips, cards, or dozens of different currencies for dozens of festivals and parties, with no way to cash them back or use them outside the events themselves. BeatBind will pursue cooperation and partnerships to transition the industry towards one natural, universal payment solution - the BBND token.
Token Details
Symbol: BBND
Platform: Ethereum
Total supply: 1 billion BBND
Accepted currencies: ETH, BTC, LTC, USDT, BSV
IEO starts: January 15, 2021
IEO ends: March 15, 2021
Price before IEO: $ 0.03
Early discount: 40% off IEO launch price
BBND Crowdsale
BBND token will be offered to the public in an IEO in Q2 2021
Marketing: Both organic and promotional activities aimed at boosting word of mouth and brand awareness
Development: Platform architecture, infrastructure, scalability, and iterative improvement
Research: technology innovation, business development analysis, and market research
Partnerships: Incentivizing big early adopters such as large venues, celebrity musicians, and promoters Legal: administrative and incorporation expenses, legal representation.
General Expenses: Equipment & office costs.
BBND Sale
Road Map
TEAM
FOR MORE INFORMATION PLEASE VISIT THE USEFUL LINKS I HAVE PROVIDED BELOW;
Website: https://www.beatbind.io/
Whitepaper: https://www.beatbind.io/public/template/assets/whitepaper.pdf
Twitter: https://twitter.com/beat_bind
Facebook: https://www.facebook.com/beatbind/
Telegram: https://www.linkedin.com/company/beatbind
Instagram: https://www.instagram.com/beatbindgram/
LinkedIn: https://www.linkedin.com/company/beatbind
Medium: https://medium.com/@beatbind
MY DETAIL
Author: SheyCrypto
BitcoinTalk profile link: https://bitcointalk.org/index.php?action=profile;u=2212407
ETH ADDRESS: 0x58e6cFA372745F56dCD9220655f93B996f8a102a
Telegram Username: @sheyeva
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