Blockchain for speed and privacy appoints Founder of Immortal Records in move that demonstrates its increasing involvement in the music industry
Estonia – Lightstreams, the blockchain for speed and privacy, has appointed Happy Walters, the Founder of Immortal Records who has represented artists such as Cypress Hill, House of Pain, Wu Tang Clan, Rage Against the Machine and Velvet Revolver, as an advisor.
The appointment demonstrates how significant the music industry will be for Lightstreams in the coming months and fits into its strategy to tokenise the curated market by connecting with existing technologies like iTunes and Spotify.
“We’re delighted to bring Happy Walters onboard as an advisor as we really start to ramp up our use of blockchain technology in transforming the music industry. With a wealth of experience and a deep understanding of how the industry operates, Happy will be a key source of strategic information as our involvement in the industry expands,” said Michael Smolenski, CEO and Founder of Lightstreams.
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Through his record label, Walters was instrumental in launching and developing the careers of seminal artists Korn, Incubus and Thirty Seconds to Mars. His work also includes the music on some major movie releases of recent years, including The Fighter, Dear John and The One.
“The music industry as a whole will be totally revolutionised by blockchain over the next few years and that is why I’m so pleased to be involved in how Lightstream pushes this vision forward. It’s clear that the protocol’s unique focus on speed and privacy when sharing content on blockchain networks is perfectly suited to the music industry,” said Walters.
Lightstreams solves the problem of data storage when sharing content on blockchain networks through an authorisation protocol called ‘permissioned blocks’. It uses proven IPFS technology to provide privacy, confidentiality and scalability for dApps that interact in direct, peer-to-peer markets.
Lightstreams is currently undertaking a private round which will be closing very soon, the next stage in the project’s ICO fundraising is a pre-sale round followed by a public sale of token before network launch in Q3 2018.