CANNES, FR (CelebrityAccess) – Blockchain music platform Soundeon is joining the Open Music Initiative (OMI), a nonprofit initiative led by the Berklee College of Music Institute for Creative Entrepreneurship in partnership with the MIT Media Lab, to help promote and develop an open protocol for industry-wide creative rights management and royalty distribution.
In collaboration with the OMI, Soundeon will seek to find innovative open-source approaches that radically simplify the way music rights owners are identified and compensated.
To be more specific, the main goal of the OMI is to create open source API (Application Programming Interface) specifications that will enable interoperability between various music platforms so that music creators and rights holders are easily identified and promptly compensated when their work is used in any way.
“Joining the OMI is an important and natural step forward for Soundeon because a company that strives to be innovative must be willing to collaborate with others, especially those who share the same driving values, behind their efforts,” said Ruslan Guseynov, Head of Strategy at Soundeon speaking at MIDEM in Cannes, France. “We are immensely glad to be a part of this innovative initiative and look forward to contributing to its further development.”