Place/Date: Los Angeles, CA, USA - September 1st, 2016 at 7:31 pm UTC · 4 min read
Contact: Bryce Weiner, Source: TAO Network
TAO Network, the blockchain solutions platform has raised over $100,000 in public funds. The funds raised through a recently held crowdfunding campaign allows the platform to pursue its development of distributed ledger solution for the music industry without any undue influence of corporations with vested commercial interests.
TAO Network is a neutral platform involved in creating blockchain projects for the music space. The solutions created by the platform are applicable to the whole music industry without favoring any single artist, record label or publishing house. The TAO of Music is supported widely by the music industry.
The TAO blockchain was launched in a flawless event as per the initial plan. With this launch, TAO wallet is now publicly available and can be downloaded from theTAO Network website. The platform will be distributing TAO tokens in batches with full balances being available within 96 hours after the close of crowd sale at 23:59:59 PST on August 28, 2016.
Some of the well-known personalities from the music industry have expressed their support to TAO Network.
Peter Rafelson, CEO of digital rights platform DigiRAMP.com, says:
“The goal for our platform is to create an open source platform that speaks to other platforms.”
Miguel Lara (associated with Carly Rae Jaspen, Lady Gaga, Justin Timberlake) says:
“If there would be a good way to track things so we could know how revenue streams are actually working, it would help a lot to make decisions based on that.”
Roberto Noriega (associated with Michael Jackson, Julio Iglesias, Madonna) says:
“I think technology is going to take us to a whole different place digitally, and in the end it’s going to be about the song and what you do with it.”
Dale “D-Wiz” Everingham, TAO advisor who is also associated with the likes of Mazzy Star, EnVogue, Destiny’s Child and etc, says:
“Something like the Tao Network that strives to be a public utility…would be very advantageous.”
The TAO Network team thanks all its supports, investors and friends for making the successful fundraising and launch possible. With the resources and music industry partnerships, TAO network looks forward to providing a solution to the problems plaguing the music industry business for over sixty years.
About TAO Network
TAO Network is an improved, future-proof Blockchain smart contract platform built using Bitcoincode base. The TAO Network, still in its early stage is a content agnostic smart contracts platform. The protocol is currently working on a blockchain based rights management platform called the TAO of Music.
About the TAO of Music
The TAO of Music project is created by a team of futurists and developers to protect and secure artists’ content over a long period of time. TAO of Music is operated as a distributed autonomous organization that can act as a bond between competing blockchain based solutions by various music publishing administration companies. TAO Network achieves this by creating an interoperable design that can work irrespective of the format of blockchain implementation currently adopted by artists. The TAO of Music is a public ledger that offers a one-point legal access to artists’ catalogs irrespective of the publisher who owns the rights.
For more information, please visit the Tao Network website: http://tao.network
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Disclaimer: TAO Network is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to FDIC and other consumer protections. This press release is for informational purposes only.