MUSE, a blockchain platform acting as a “global database for copyright-related information,” has partnered with CCEDK’s OpenLedger and a music streaming company PeerTracks. The partnership will provide users with an opportunity to purchase music-related goods and services.

The offers will include royalties and concert tickets paid for both in cryptocurrency and fiat. It will also enable artists to store copyright data and licensing conditions for their tracks in the blockchain.

The payments received will be shared between different parties, depending on the country where the song was streamed or the purchase was made. A limited number of tokens will be distributed by artists between their fans or VIPs, giving them a chance to buy things at lower price or even get them for free.

“I’m thrilled to get back into this world after my years of experience in the business,” says CCEDK CEO Ronny Boesing who worked in music industry for 25 years before he founded his cryptocurrency exchange.

The decentralised multi-lingual fintech exchange OpenLedger was launched by CCEDK last September. The method used by OpenLedger implies converting bitcoins to fiat-pegged smartcoins and turning them into cash via PayPal, Ripple, NanoCard, etc. Two months later OpenLedger introduced its own cryptocurrency OBITS backed by the profits of the company.


Maria Rudina