What is Musicoin? Musicoin is an open-source, public, blockchain-based distributed computing platform featuring smart contract (scripting)Show more [+] functionality. It is a fork of Ethereum and as such provides its own blockchain running Ethereum Virtual Machine (EVM). The EVM backbone is used to transfer revenue for playing songs from listeners to artists on pay-per-play basis. Musicoin is part of Enterprise Ethereum Alliance.
Musicoin aims at simplifying the process of revenue generation and distribution. Content creators can devise system of revenue distribution among themselves and all parties involved in the process of content creation. Smart contracts then distribute the revenue as specified by this system. This allows for cryptographically safe, secure, and automated payouts, offering an alternative to current revenue generation and distribution methods, most notably online advertisements.
On 17th December 2017 it was announced that there are currently 1500 independent registered artists.