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Monday, October 18, 2021
Home News JAAK and the Guardian Initiative Announce MΞTA: A Blockchain Pilot for The...

JAAK and the Guardian Initiative Announce MΞTA: A Blockchain Pilot for The Media & Entertainment Industry

The use of Blockchain technology within the music industry is a hot topic, having snowballed from a vague concept into full legitimacy in recent months. Variations of Blockchain implementations have captured the industry’s attention, however,  met with great scepticism and scrutiny over practicality or necessity.

Enter JAAK, the London-based tech­­ company founded by Vaughn McKenzie, Freddie Tibbles and Viktor Tron, who have cut through much of the hype and misinformation surrounding the music and Blockchain space to identify a real solution to a very real problem.

In collaboration with EY, JAAK worked alongside the UK’s performing rights organisations, PRS For Music and PPL, and Viacom. From this, they observed that the diversity of revenue streams associated with the rapid transition to digital, have increased the number of organisations capturing, managing, exchanging and using digital rights and usage metadata.

Discrepancies found in the completeness, accuracy and management of this information can cause severe difficulty, or in many cases impossibility, when licensing content or remunerating the appropriate parties.

In response to this issue, speaking as sponsors of EDCON (The European Ethereum Development Conference) in Paris, Vaughn McKenzie announced MΞTA, a decentralised open network for organisations to capture, store, verify and communicate commercial metadata, drawing upon both Ethereum and Swarm.

Announcing their official industry partners very soon, JAAK will be accepting major music and media organisations to collaborate in piloting the technology via their Guardian Initiative over the coming months.

 

Richard Kasteleinhttps://www.the-blockchain.com
In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, 'The Hitchhiker's Guide to the Seas' travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, the Netherlands where he has set down his anchor to raise a family and write. Founder and publisher of industry publication Blockchain News (EST 2015) and director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He has written over 2500 articles on Blockchain technology and startups at Blockchain News and has also published in Harvard Business Review, Venturebeat, Wired, The Guardian and a number of other publications. Kastelein has an Honorary Ph.D. and is Chair Professor of Blockchain at China's first blockchain University in Nanchang at the Jiangxi Ahead Institute software and Technology. He has over a half a decade experience judging and rewarding some 1000+ innovation projects as an EU expert for the European Commission's SME Instrument programme as a startup assessor and as a startup judge for the UK government's Innovate UK division. Kastelein has spoken (keynotes & panels) on Blockchain technology at over 50 events in 30+ cities.
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