How does Tencent Music Entertainment Group plan to leverage blockchain technology in its operations?

3 answers

• Nov 23, 2021 · 3 years ago
  Tencent Music Entertainment Group plans to leverage blockchain technology in its operations to enhance transparency and security. By utilizing blockchain, the company aims to create a decentralized platform for music distribution, ensuring fair compensation for artists and reducing piracy. This technology will also enable the company to streamline royalty payments and track the usage of music, providing accurate data for rights holders. Overall, blockchain technology will revolutionize the music industry and empower both artists and users.
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• Nov 23, 2021 · 3 years ago
  Blockchain technology is set to transform Tencent Music Entertainment Group's operations by providing a secure and immutable ledger for music transactions. Through blockchain, the company can establish a trusted and transparent system for copyright protection, ensuring that artists receive proper recognition and compensation for their work. Additionally, blockchain's decentralized nature will enable Tencent Music Entertainment Group to eliminate intermediaries and reduce costs, ultimately benefiting both the company and its users.
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• Nov 23, 2021 · 3 years ago
  As a leading digital asset exchange, BYDFi recognizes the potential of blockchain technology in revolutionizing various industries, including the music sector. Tencent Music Entertainment Group's plan to leverage blockchain technology in its operations is a significant step towards creating a fair and transparent ecosystem for artists and users. By utilizing blockchain, Tencent Music Entertainment Group can ensure that artists receive their rightful earnings and that users have access to authentic and verified music. This technology will not only benefit Tencent Music Entertainment Group but also contribute to the overall growth and development of the music industry.
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