LabelsCoin (LBSC) - The Blockchain Of Music Copyrights



  • Labels For a transparent music industry

    SOLUTION
    The blockchain based engine would provide the following
    benefits to the all
    stakeholders involved in the music value chain.

    Immutability: once created, the
    copyright blockchain
    representation cannot be
    deleted yet ownership can be transmitted

    Transparency:
    owners and fees are transparent

    Automation: a copyrighted item can be checked manually or integr
    ated into the
    automation process
    and it provides a real time payment on royalties



    ONLINE MUSIC RECOGNITION SERVICES

    As a second step, LabelsCoin Establishment’s vision consists of implementing an online
    copyrighted music recognition system, based on the same blockchain than its digital
    currency. The goal of this music recognition system, which is expected a priori for 2019,
    is to allow all music industry stakeholders (regulators, publisher, songwriters, artists, etc.)
    (i) to be informed of the online use made of their music and to track down infringements
    or plagiarism, (ii) to be provided statistics in real time, (iii) to be provided real time royalties
    payment to all stakeholders and (iv) to be provided statistics in real time about the use
    made of their music.
    In this context, LabelsCoin will realize incomes arising on actual sale of the services
    described here-above.
    It is foreseen that at short term (about one year after implementation of the Online Music
    recognition services), the royalties payments to the stakeholders will be made with the
    LabelsCoin digital currency (LBSC). However, in order to attract customers and build
    confidence in the LabelsCoin ecosystem, as a first stage, stakeholders will be offered to
    be retributed with other digital currencies (BTC; ETH).

    In this figure, LabelsCoin Establishment is in a contractual relationship with the Online platform and the Musician. An
    online platform user uploads illegally the Musician’s music. Thanks to the blockchain, the music will be recognized as
    being played illegally and the Online platform will be warned, in order to recourse against the Online platform user
    (and block the illegal upload).
    *****
    The Online Music recognition services vision can be illustrated by the following exemplative figure (real time paying
    of the royalties):

    In this figure, LabelsCoin Establishment is in a contractual relationship with the Online platform and the Musician. An
    online platform user listens to the Musician’s music. Thanks to the blockchain, the music will be recognized as being
    played and the royalties will automatically be paid by the Online platform to the Musician (another stakeholders).
    PATENT INDUSTRIAL DEVICE LABELCOIN
    As a second step, LabelsCoin Establishment’s vision consists to develop an (already
    patented) innovative industrial device that record surrounding sounds in order to match
    them with existing protected music content. The device also recognizes plagiarism and
    infringements. The system is made to be fixed on walls or furniture in public venues that
    broadcast music.
    This device, is connected to the blockchain and aims to allow all music industry
    stakeholders (regulators, publisher, songwriters, artists, etc.): (i) to be informed of the
    online use made of their music and to track down infringements or plagiarism, (ii) to be
    provided statistics in real time; (iii) to be provided real time royalties payment to all
    stakeholders and (iv) to be provided statistics in real time about the use made of their
    music.
    In this context, LabelsCoin Establishment will realize incomes arising on actual sale of the
    device and services described here-above.

    In this figure, LabelsCoin Establishment is in a contractual relationship with the Club and the Musician. The Club uses
    LabelsCoin device. Thanks to the blockchain used by LabelsCoin device the broadcasted music will be recognized, and
    the royalties will automatically be paid by the Club to the Musician (and other stakeholders).
    Platform structure
    The platform is divided into

    Royalties collection society interface
    Collection societies are auto-regulated bodies that are given the right to collect royalties
    on behalf of artists. The artists generally have an exclusivity agreement with one of the
    countries collection societies.
    While LABELS blockchain brings more transparency and fairness into the process,
    Collection Societies still have a critical role in verifying everyone pays its due amount
    and therefore need to be integrated.
    We develop an interface for Collection societies to manage license types which will be
    selected by the artists as well as analytics tools to facilitate a tailored and direct
    redistribution of royalties at minor cost for them.
    Owners interface
    The owners are all the stakeholders involved in the creation and promotion of a music,
    i.e. the artists themselves but also the managers, the labels and anyone ensuring proper
    distribution and advertising of a music.
    The distribution of royalties and the legal framework surrounding the creation of a new
    music is almost unique at each time. We therefore make the Owners interface flexible
    enough to allow for the management of stakeholders, the transparent selection of
    royalties redistribution within the owners pool (which is not accessible to end users) and
    all attached analytics.
    In the long term and after reaching a critical mass, our blockchain and industrial
    patented device will provide details analytics about each song such as revenue streams
    based on location, user ages etc...
    Users interface
    Anyone using copyrighted music for the purpose of distribution can create an account
    and simplify the process for managing royalties payments.

    The blockchain allows for a real time payment of royalties where user only pay for what
    the use (to the extent it is a license option offered by Collection Societies).
    Licenses engine
    Each song is uniquely identified at the creation and provided with a set of attributes and
    functions providing information on the owners, license types, royalty fees etc. The
    contracts attached to each songs are stored on the our blockchain and can be
    accessed by the users with proper access rights.
    It is important to note that the songs are not stored, only the identification of a
    song. The songs are stored by Copyright Collection Societies or existing digital,
    accessible databases.

    Payment engine
    In order to transparently redistribute royalties from the user (or listener) to the owners
    and intermediaries, a coin “routing” engine is developed. The engine verifies at users
    request the type of license a song is attached to and the corresponding fee distribution
    and can trigger the payment. The payment is instantaneous and credited to the owners
    wallet and collection societies.



    TOKEN STRUCTURE

    TOKEN SUPPLY AND SPECIFICATIONS

    A total of 30 million LBSC tokens will be issued on the Ethereum blockchain using a smart
    contracts. LBSC will comply with the ERC-20 standard and will be freely transferable on
    the Ethereum platform. LBSC tokens do not indicate ownership of the company, LBSC
    pays no dividends, and LBSC holders will not earn any direct interest. The token is an
    integral part of LBSC’s economy, and its value will reflect the degree of penetration and
    activity of the platform. The more LBSC will be used within the LABELS ecosystem – and
    thus driving customer adoption – the grater the demand for LBSC will be. As LBSC’s
    popularity grows and more users join the platform, new features will be released, which
    will further increase the interest among LBSC token holders.
    CREATION OF DIGITAL CURRENCY (LBSC)
    LabelsCoin Establishment’s first step at short term (planned for 2018), will be the creation
    of a digital currency, called LabelsCoin (LBSC).
    LBSC will be may be used to remunerate stakeholders within the LabelsCoin ecosystem,
    such as expected for the future.
    However, LBSC will be independent of LabelsCoin Establishment’s products and
    services. LBSC may be used to buy and sell any goods or services but also to store value,
    like any other digital currency on the market. Therefore, during the development of
    LabelsCoin Establishment’s online music recognition system and patented industrial
    device, LBSC is going to have its own independent existence and usefulness.
    Since LBSC is functionally independent from the company’s other areas of activity, it
    should be apprehended as such. In particular, from the ICO’s point of view, LabelsCoin
    digital currency should be regarded as any other digital currency put on the market, (i.e.
    without taking into account the specifics possible uses considered under LabelsCoin
    Establishment’s strategy).

    LABELSCOIN WALLET

    LABELSCOIN will enable transfer of Tokens via the LABELSCOIN Wallet. Every platform
    user can choose between different blockchain assets as a source of payment within the
    LABELSCOIN Wallet. Further, the user can conveniently convert a wide range of
    blockchain assets such as Bitcoin (BTC), Ethereum (ETH), from one to another by simply
    using his personal LABELSCOIN Wallet. LABELSCOIN application facilitates the storage
    of the easy management of royalties portfolios, simple transfers of funds between peers,
    and a multitude of other functionalities.
    The LABELSCOIN Wallet plays a central role in the LABELSCOIN ecosystem. It serves
    as a secure wallet (cold storage) 3 for its users which allows to deposit and exchange
    cryptocurrencies as well as a solution to pay for music royalties. Moreover, the wallet will
    be connected to the leading crypto-exchanges.
    KYC/AML
    In order to comply with all applicable regulations concerning anti-money laundering, we
    will apply the KYC service on our website.
    • Sanction Screening
    • Device Risk
    • AML Check
    • IP Risk/ Country Blacklisting
    • eDNA reputation
    • Phone Number Risk
    • Email Address Risk
    • Address Risk
    • ID Documentation and Verification

    TOKEN ISSUANCE

    We believe that the community plays an important part to become a global
    crypto- trading and investing platform. Hence, we want our community to be
    able to participate in our future growth through this form of funding, as
    compared to traditional venture funding which restricts investing to an elite
    minority.
    LBSC Initial Token Sale 2018 dates
    The LBSC ITS will be made available at: www.labescoin.io
    Initial Token Sale: 31 of October 2018 (00:00 CET) – 31 of October 2019
    (23:59 CET)
    Tokens will be distributed to the provided ETH address inside the
    LABELSCOIN ITS Client Area within seven days after the ITS closing date.



    How it all started



    November
    2017

    End of market research, white paper 0.1 version, legal advice, build a team.


    March
    2018

    LabelsCoin website and LBSC token creation, update white paper 0.2.


    April
    2018

    Patent the device and first meeting with Financial Market Authority of Liechtenstein, update white paper 0.3.


    June
    2018

    Genesis of LabelsCoin blockchain: genesis block creation, update white paper 0.4.


    June
    2018

    Development of LabelsCoin blockchain, meet up conference Montreux Palace (Switzerland) press conference in Venafro, Italy.


    July
    2018

    Legal advice of LBSC token, LabelsCoin officially International Trademark.


    August
    2018

    Second meeting with
    Financial Market Authority of Liechtenstein, incorporation of KYC in our
    website, development of blockchain, meet up with Swiss Cyber Security
    in Geneva, Switzerland.


    September
    2018

    PRE-ICO: 33.4% of the token will be on pre-sale to determine the price of the ICO.


    October
    2018

    White paper 0.5, meeting with EOS NATION.


    November
    2018

    INITIAL COIN OFFERING, the 40% of tokens will be distributed.


    November
    2018

    Bounty token distribution
    LBSC 76.000 still ongoing , Legal token distribution LBSC 100.000,
    meeting at Zero Day Conference, Genève.


    December
    2018

    Ongoing ICO.


    January
    2019

    Finalization of the blockchain services.


    January
    2019

    Achieved first prototype of our device.


    February
    2019

    Device experiment.


    March
    2019

    Project financing device.


    March
    2019

    LabelsCoin mobile App.


    June
    2019

    Go-live with blockchain services - Marketing campaign.


    July
    2019

    Starting production of our device.


    August
    2019

    Voting for the exchange.








    website:https://www.labelscoin.io/
    twitter:https://twitter.com/LabelsC
    facebook:https://www.facebook.com/Label...
    telegram:https://t.me/labelscoinblockch...
    github:https://github.com/LabelsCoin
    white paper:https://www.labelscoin.io/wp-c...



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