RADION offers unconventional features to the music industry! Our platform embeds a unique public address key in every MP3 file that it is uploaded in our system, in order to allow downloads / purchases without third party intervention. Musicians receive payment directly to their public wallets, every time someone downloads their songs.

This new method can be used with current MP3 files as well as the new generation of digital assets represented by a non-fungible token (NFT).

NFT or non-fungible token is a type of cryptographic token that can represents ownership of something unique! A song is a great way to explain NTFs because in today's world you may be able to purchase a song and receive a digital MP3 copy to play the song as many times as you want, but it doesn't mean you can return it and get your money back, or sell it to someone else. NFT is not intended to prove the genesis of the original file, but rather the ownership of the song asset).

This technology opens a new set of possibilities in the music industry, where musicians can have better control over their songs (digital assets)! With this tech the musician doesn't have to worry about distributor to collect royalties directly from stores/streaming platforms on behalf of labels, not to mention that music licensing and copyrights wont be a problem, because the MP3 can carry all this information and be ready to be bought by anybody without a third party intervention (contract). In a near future, musicians may choose music platforms that works with NFTs and smart contracts like RADION. Why? - Because they can benefit much more for less effort.

Now, the traditional business model of the music industry is a complex subject, especially when we talk about collecting music royalties, copyrights infringements, and music licensing, however we believe that our work can change the entire industry. Having said that, you may wonder; are we working on NFT? You better believe it!

A smart contract is an agreement between two people in the form of computer code. Smart contracts are deployed on the blockchain. You can say that blockchain is a network of nodes/computers, and transactions must be confirmed first by the network in order to be public. The transactions that happen in a smart contract are processed by the blockchain, which means they can be sent automatically without a third party intervention.

For instance, in today's world if a musician wants to sell his music, he needs to contact a music publisher or a record label to distribute and manage his music. They will guarantee the collection of music royalties for him but that intervention will cost a significant percentage of the total revenue. The musician will receive a check from this entity but only after this third party takes their percentage. Today, the traditional music industry offers an average of $0,09 to the musician per copy sold!

On the other hand we have a platform like RADION that works with smart contracts, the dapp is the one that provides the platform to allow peer to peer interaction, but also it is connected to the blockchain in order to allow direct transaction between musician and buyer without interfering with their transaction. In other words if the musician asks for $1,00 USD per a copy and the buyer accepts the price, the musician receives $1,00 USD for that copy.

RADION can work with other record labels that are working with the traditional copyrights business model, or creative commons licensing! However, our platform wants to keep things simple to its users and so we offer creative commons music licensing for those who don't have a record label or manager who represent them. This approach allows musicians to commerce their music and keep their copyrights without sacrificing their opportunities for potential deals that can arise over time.

Yes it is! But what makes us different from the rest is the way we work with music. We see songs, podcast, and beats as assets! We produce (MP3s) files ready to transact without corrupting the file, without changing its format, without affecting copyrights, and 100% compatible with the world's top music platforms in the market today, including but not limited to: iTunes, Spotify, YouTube Music, Soundcloud, Napster, among others! Our promotion and distribution is free and open to any online radio that supports url feed. Our station's stream depends upon our peer to peer networks feedback arbitrated by users.

RADION platform works on Tezos blockchain. Tezos is a smart contract platform based on proof-of-stake consensus. This technology allow us to explore and develop unconventional web-based tools for the music industry. Tezos is linked to a digital cryptocurrency coin called tez (XTZ), which is part of our unique method of payment for musicians.