The World’s First DJ Mix That Pays Artists in Seconds Using Blockchain Technology

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Every time DJ Deadly Buda’s “Rock the Blockchain” DJ mix is played on Musicoin.org, fifteen separate electronic dance music tracks and their artists get paid automatically, within seconds.

“Basically, it’s a game-changer for any DJ-based music genre such as EDM, Disco, House or Hip-Hop,” said DJ Deadly Buda.

This feat was accomplished at about 2:00 AM, on August 13, 2017, after Deadly Buda finalized the integration of 19 “smart contracts” on the Musicoin blockchain and attached them to his DJ mix. Like Bitcoin, Musicoin is a cryptocurrency based on a decentralized ledger system spread across computers around the world. Musicoin differs in that it is specifically geared to the consumption and monetization of music based on agreements (often called “smart” contracts) programmed into its blockchain.

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Ever since the DJ mix format was popularized in the 1970’s it has mostly existed in a quasi-legal state. Because a recorded Dj mix is a continuous blend of several separate songs or “tracks”, it requires numerous permissions, paperwork and licenses to be legally compliant. Consequently, most DJs don’t bother to properly license their mixes, resulting in less accessibility for fans, and less reward for the artists, labels, and the Djs themselves.

“When I realized every song on the Musicoin system had its own payment address, I got as many people I knew that made great music to upload their tracks. Then, I asked their permission if I could use their music in my mix,” revealed Deadly Buda. After conferring with artists based on the idea that they were formulating a new paradigm, he decided on the following formula: 40% of the mix revenue goes to the DJ, and 60% is split evenly between the tracks in the mix. Said Deadly Buda, “I wanted to honor the DJs’ time and money expenditure, while at the same time leaving room for each song to make money, too.”

A new paradigm for how DJ mixes can be made and paid is now officially live thanks to DJ Deadly Buda and Musicoin, but there is still work to be done says Deadly Buda, “In the very near future, there will probably be just a checkbox an artist can use that gives anyone on the system the right to mix their music so long as they get paid via a smart contract. As soon as that happens, the system will be unstoppable and will benefit the established music industry and new artists alike.”

You can listen to the “Rock the Blockchain” mix here.

The mix contains 15 EDM tracks of various genres, Hard Electronic, Dubstep, Hardstyle, Hard Bass, Jungle, Drum and Bass, Hardcore Techno, Shamancore, Tekno, and Ambient, by artists Counterstrike, Satroniq & DJ Delirium, Teknoaidi, Subterranean, Cap, M27, Harhor and Deadly Buda.

DJ Deadly Buda (Joel Bevacqua) can be contacted at: [email protected]

Facebook fan page is: https://www.facebook.com/deadlybuda/

Isaac Mao, founder of Musicoin: [email protected]

About Richard Kastelein

Founder and publisher of industry publication Blockchain News (EST
2015), a partner at ICO services collective Token.Agency
($750m+ and 90+ ICOs and STOs), director of education company
Blockchain Partners
(Oracle Partner) and ICO event organiser
at leading industry event CryptoFinancing (Europe's first ICO event now
branded Tokenomicon)
– Vancouver native Richard Kastelein is an award-winning publisher,
innovation executive and entrepreneur. He sits on the advisory boards
of some two dozen Blockchain startups and has written over 1500
articles on Blockchain technology and startups at Blockchain News and
has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat.  Irish Tech News put him in the top
10 Token Architects in Europe.

Kastelein has an Ad Honorem - Honorary Ph.D. and is Chair Professor of
Blockchain
at China's first Blockchain University in Nanchang
at the Jiangxi Ahead Institute of Software and Technology. In 2018 he
was invited to and attended University of Oxford's Saïd Business School
for Business Automation 4.0 programme. Chevalier (Knight) - Ordre des
Arts et des Technologies at Crypto Chain University and an Advisory
Board Member of International Decentralized Association Of
Cryptocurrency And Blockchain (IDABC) as well as Advisory Board Member
at U.S. Blockchain Association. 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 in Amsterdam, Antwerp, Barcelona, Beijing, Brussels,
Bucharest, Dubai, Eindhoven, Gdansk, Groningen, the Hague, Helsinki,
London (5x), Manchester, Minsk, Nairobi, Nanchang, San Mateo, San
Francisco, Santa Clara (2x), Shanghai, Singapore (3x), Tel
Aviv,  Utrecht, Venice,  Visakhapatnam, Zwolle and
Zurich.  His network is global and extensive.

He is a Canadian (Dutch/Irish/English/Métis) whose writing career has
ranged from the Canadian Native Press (Arctic) to the Caribbean
& Europe. He's written occasionally for Harvard Business
Review, Wired, Venturebeat, The Guardian and Virgin.com, and his work
and ideas have been translated into Dutch, Greek, Polish, German and
French. A journalist by trade, an entrepreneur and adventurer at heart,
Kastelein's professional career has ranged from political publishing to
TV technology, boatbuilding to judging startups, skippering yachts to
marketing and more as he's travelled for nearly 30 years as a Canadian
expatriate living around the world. 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, Netherlands where he's raising three teenage
daughters with his wife and sailing partner, Wieke Beenen.

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