Hedera And Tune.fm Bring Blockchain Payments To Music Streaming
Tune.fm has tapped blockchain startup Hedera Hashgraph to enable fast payments for artists. Hedera is based on the "theory of everything" called fundamental scalability, which posits that digital data could one day represent the universe itself. One day, when data isn't stored in silos, but instead in a decentralized credit network, it could process trillions of transactions per second, much faster than current payment networks. What's that? You want to listen to music from these artists but have been holding off on buying a single because of the cryptocurrency gold rush? Well, you can now. In a partnership announced today, Hedera Hashgraph will be powering Tune.fm's new proprietary cryptocurrency system - a way to quickly pay for songs or other content from music creators - which will enable artists to connect with their fans and increase their revenues. And this is all part of a mission to create a new streaming ecosystem where artists and fans engage through ...