The Bitfury Group has launched a music entertainment division for developing open-source music platform, dubbed SurroundTM, secured by blockchain to help artists and other rightsholders.
SurroundTM aims to streamline the secure transfer of copyright assets. This includes better monitoring and management systems. SurroundTM aims to streamline the secure transfer of copyright assets providing better monitoring and management systems.
Speaking on the technology, Stefan Schulz, CEO of SurroundTM, explained:
“The Surround ecosystem will foster transparency and trust, save administrative costs and improve a secure and transparent flow of content from artists to consumers on the blockchain, making efficiency gains available to all market participants fairly.”
As a reminder, last November, the Bitfury Group, raised $80 million. Investors included a merchant bank founded by billionaire Mike Novogratz. The global Bitcoin tech company now has a valuation of $1 billion.