Spotify Buys Startup To Help It Track Musician Royalties

Spotify has acquired a startup to help it better manage royalty payments to musicians and song publishers. The online-streaming music company said Wednesday that it had bought Mediachain Labs, a small Brooklyn-based company that specializes in so-called blockchain technology. Companies like shipping giant Maersk and UBS are all experimenting with securing and tracking digital payments…

http://fortune.com/2017/04/26/spotify-mediachain-blockchain-royalties/

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