BitChord

Our Analysis

Team: 6.2

Feasibility: 6.4

Product: 6.4

Overall Rating: 6.33

Short Description: BitChord is a global solution that simplifies music content distribution and puts power back in the hands of guitar players and their fans.

Category: Entertainment

Category: Tokens Cryptocurrency

Website: http://bitchord.io/

Whitepaper: http://bitchord.io/BitChord%20-%20Blockchain-based%20Platform%20for%20Guitar%20Players.pdf

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The platform uses its own BitChord Tokens (BCD) as its primary currency, and both guitar players and users earn BitChord Tokens automatically as part of the platform’s buying/distribution process.

BitChord reduces costs and puts all revenue in the hands of guitar players for the original content they create, upload, host and sell in the BitChord’s Marketplace.

At the same time, through automation and better data moderation and management, enabled by blockchain technology and machine learning, BitChord creates a database of high-quality content that users are interested in and will pay for.By enabling direct artist-to-consumer engagement and commerce, BitChord not only eliminates intermediaries and makes the process of getting paid for playing guitar possible, but strengthens the traditional music industry by making it more efficient and transparent for guitar players as well.

 

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