Zimrii Music: Where Blockchain Meets Music

All along, blockchain has been considered a disruptor in the financial services sector, a globally distributed general ledger that keeps track of transactions via online “smart contracts.” Today, the principles of blockchain are being applied to various value chains across industries, ensuring that the activity at each point in the chain is chronologically recorded. One such value chain is that of the music industry where independent musicians face challenges in generating value from their music and having it copyrighted. With the intention to solve these predicaments using blockchain, Mo Jalloh and Paolo Gava founded Zimrii Music to transform the music industry’s value chain right from curation to distribution, aiming to reward artists fairly through the application of automated music contracts. “With blockchain, we are helping music artists and bands maximize their talents as well as providing a permanent record of their copyright holdings,” says Mo, Co-founder and CEO, Zimrii Music.

The company is developing an innovative, blockchain-enabled digital music platform, the Zimrii Music Platform that places artists at the center of their music business. Zimrii Music Platform enables musicians to maintain smart contracts and copyright records while offering innovative and engaging ways to connect with their fans. It bestows independent musicians with a unique mechanism to set the copyright terms for their music and receive payment directly through the platform, whenever and wherever their music is sold. “Currently, there isn’t a registry of royalties so we are using the features of blockchain to allow artists to establish themselves and avoid disputes over the authenticity of work,” says Paolo, co-founder and CTO, Zimrii Music. At the same time, a music publishing company that deals with numerous global copyright bodies for their artists can use Zimrii’s platform to record an artist’s songwriting copyright on the blockchain, set the terms of the mechanical copyright, and collect royalty payments in minutes, not months or years.

Using the platform, clients can easily manage and reward other stakeholders involved in curation and distribution of the music. By setting up smart contracts, musicians can determine the terms of payments for various stakeholders.