DJookyX, a fintech and music venture, has recently declared integration with Concordium Blockchain. With this step, the blockchain platform intends to enhance the safety of the consumers in addition to guaranteeing transparency as well as ushering in an exclusive epoch of client trust. DJookyX operates as a worldwide online marketplace. It provides an opportunity to the artists as they can now sell royalty-rights shares while retaining ownership over their copyrights.
DJookeyX Integrates with Concordium Blockchain While Targeting Client Safety
This integration offers a lot of benefits to music creators. They are permitted to access expert resources and funds. The company stated that its objective is the diversification, decentralization, as well as democratization of the music industry with the provision of the control back in the hands of the artists. As a result of this, several equitable opportunities are offered to them, assisting the music creators in emerging from the impact experienced by them during the Covid-19 pandemic.
The latest move enables fans, who are interested in purchasing royalty rights while using DJookyX, to investigate the complete breakdown of the plan of the artists for the utilization of the funds. In addition to this, they are allowed to be the participants of an auction, following which their royalty rights get stored in some wallet. They can also be traded through some secondary markets.
Concordium (a science-based PoS blockchain) is selected by DJookyX due to its remarkable characteristics. The blockchain has an astonishing ID agenda that will operate to guarantee transparency and trust for everyone utilizing the platform. Investors and artists can additionally get benefit from DJookyX’s identity verification and the ID agenda, authorized by a 3rd party.
The Integration Lets Users Share Personal Data that They Intend to Share to Balance Accountability and Privacy
This approves the customers to share just the personal data that they willingly want to share. In this way, the accountability and privacy of the consumers are balanced. Andrey Dakhovskyy, the co-founder and CEO of DJooky, commented on this move. He stated that DJookyX is an extraordinary platform that offers a unique reality.
As per the executive, the platform brings an exclusive space of the worldwide music industry at a distance of only a few clicks. Concordium’s Head of Commercial “Torben Kaaber” also remarked on the endeavour and mentioned that the collaboration with DJookyX unveils exclusive access to a previously established consumer base including more than 200,000 people along with enormous support.