KCN Spotify enters the digital age
Channel: KCN News
Date: 2017-04-28

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Music industry giant takes over the blockchain startup. Spotify, Sweden-based music streaming service, acquired blockchain startup Mediachain. Team of the startup will be joining Spotify in its offices in New York, while it turns over its technologies to the open source software community, keeping all source code and documentation open source and openly licensed. According to the blogpost published by Mediachain, companies will be joining hands in order to establish "a more fair, transparent, and rewarding music industry for creators and rights owners".

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