Hello and welcome to this blog post about Audius AUDIO White Paper. I am very excited to know that you are interested in this amazing technology, you will be going to amazed by the incredible potential of the blockchain.
There is a lot to learn about this futuristic tech, lets get started to dive into the Audius AUDIO white paper and start to leverage it to build a more secure and trusted ecosystem for Industry 4.0 applications.
The aim of this blog post is to help you quickly understand about the philosophy behind the Audius (AUDIO).
I can ensue you that, you will be able to understand every bits and pieces related to Audius (AUDIO) after going through the Audius AUDIO white paper.
Without wasting any further time lets get started to dive right in and lets understand white paper first.
What is white paper?
A white paper is an informational, influential, well-structured document, usually published by an organization, to provide in-depth information about a specific solution.
A white paper is used to provide a good insight into the challenges for a specific problem and a proposed solution for the same.
Audius AUDIO White Paper
Audius AUDIO white paper will be going to provide you, all the information that is needed to get started with Audius (AUDIO), including the inspiration for creating, the problem it is trying to solve and the solution proposed by Audius (AUDIO).
“ The music industry generates $43 billion in revenue but only 12% goes to content artists. Furthermore, artists have minimal control over how their music is distributed and little visibility into who is streaming it.
To address these and other problems faced by artists, we introduce Audius, a fully decentralized music streaming protocol built with public blockchain infrastructure and other decentralized technologies. Audius allows artists to distribute to and get paid directly from their fans, and is comprised of the following components:
1. An efficient token economy powered by the Audius platform token ($AUDIO), 3rd-party stablecoins, and artist tokens
2. A decentralized storage solution and ledger for sharing audio and metadata
3. A unique track encryption scheme paired with a programmable mechanism to unlock user-specific proxy re-encryption keys for content
4. A discovery protocol for users to efficiently query metadata
5. A decentralized governance protocol, whereby artists, node operators, and fans are individually and collectively enfranchised in decision making about protocol changes and upgrades
The Audius protocol is live today and fully decentralized, operated by a robust decentralized community of artists, fans, and node operators, and serves nearly 500,000 users every month at the time of writing.”
White Paper Link: Audius (AUDIO) White Paper
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