Purplemusic
If you’re interested in investing in this company, head over to Purple Throne. Why? You’ll find the answer! Just keep reading…
The blockchain is something like a 2.0 ledger, that is, a system that allows you to keep track of all transactions carried out, in this case with cryptocurrency. In addition to accounting for money and transactions, it could become an alternative to SWIFT (a system that currently manages bank transactions).
The blockchain is a very safe, very cheap and fast system. Its security is due to cryptography, and it reliably protects all personal and financial data of users who decide to use this route to make their payments.
How does the blockchain work?
Transactions with cryptocurrency and through the blockchain solve the problem of digital currency transfer, eliminate fraud and dependence on a central server. The Blockchain is a system that records and saves all the transaction data exhaustively. Save the whole process and record every time a Bitcoin changes hands. The user knows where that money comes from.
Why could you decentralize everything?
The possibilities offered by the blockchain are almost endless, so much so that they can be applied in new markets as well as in existing ones. Also in new services and products and in existing ones. Although the blockchain is known for cryptocurrency transactions, it could be applied to traditional payment systems, as well as others that are back in trend, such as the exchange of objects or time banks.
As all movements are also recorded, a reliable mechanism is created regardless of the type of transactions that are discussed. This system is like the Internet, nobody or nothing owns it but everyone can use it to make their payments. It is true that the change and decentralization of the financial system is a fact that can seem very appealing. This action will almost say goodbye to the banks and they will be left without any influence on society.
What if the blockchain concept is applied in the world of music?
PurpleThrone is a music and technology company. It offers services like production, promotion, and royalty management. The company targets independent artists not covered by large music companies.
Its unique feature is its crypto-token mechanism, PurpleCoin (PPC). Indie music fans use PPC to buy music show tickets, videos, and available products.
The crypto-token mechanism allows for anonymous fan contributions. PurpleThrone also facilitates selling physical products, like audio accessories, using PPC payments. Artists get PPC from sales. They can then use these tokens to rent studios, produce music show tickets, and more.
Artists earn 3x to 50x more on streaming royalties on PurpleThrone. Increased funds will provide the desired social media exposure and industry recognition. This happens as long as they create great content, work hard, and chart well with PurpleThrone’s support.
PPC is an Ethereum ecosystem crypto. This crypto acts as a financial infrastructure. It enables listeners to make instant P2P microtransactions to artists. These contributions are made without restrictions. Every fan can contribute actively while remaining anonymous. The PPC platform removes barriers like currency differences and complicated international purchase procedures. PurpleThrone uses PurpleCoin to perfectly implement music globalization.
A crypto system makes transaction history unchangeable. Royalty payments based on contributions are accurately accounted for. Royalty payment history remains in the system. It serves as legal evidence for licensed content use by outside parties. This system should eliminate copyright infringement by music lovers, provided all music activity stays within the PPC system.
Today, PPC use is growing rapidly. It will eventually become a native token on its own blockchain, where all copyright is protected.