Quantic School of Business and Technology Executive MBA graduates have recently launched a ground-breaking project known as Entertainment Public Blockchain Project (EPBP). This project is the world’s first ever Decentralized Autonomous Organization (DAO) which utilizes web 5 technology. The aim of the project is to completely revolutionize the music industry and simplify the process of creating and managing music catalogs, albums and songs with the help of blockchain protocols.
The project’s founders, Patrick Madera, Marcus Harness, and Nelson Jacobsen intend to register the company as a DAO Blockchain LLC in Wyoming and leverage the state’s favorable tax regulations and laws. As a DAO, EPBP’s decision-making process will be done via code and without any central governing body, which makes it the perfect candidate for a Web 5.0 company.
The EPBP platform will utilize a content management system to address the issue of copyright ownership and payments in the entertainment industry using blockchain technology. Kreatorscoin, the platform’s native cryptocurrency, is a non-colored currency that is linked to intellectual property, incentivized by the system itself, and attached to a stablecoin that is POT & Copyright backed. Kreatorscoin holds the metadata of entertainment transactions and can be converted into a cryptocurrency through tokenization.
This innovative launch is a significant achievement in the value-added network (VAN) using cryptocurrency or Web 5.0, where currency is linked to a non-colorful stablecoin. The founders plan to demonstrate blockchain and unleash a new era in art-based economic transformation by reaching out to pre-DAO investors and potential partners at the MusicBiz.org annual convention and Metadata Summit.
Quantic School of Business and Technology is a well-known business institution that has dedicated itself to offering quality education to interested students. The institution offers MBA and Executive MBA degrees that prepare graduates to be marketable in their careers. Graduates from the Executive MBA program founded the EPBP project and are proud to have made such a major accomplishment.
In conclusion, the launch of the Entertainment Public Blockchain Project (EPBP) by Quantic School of Business and Technology Executive MBA graduates is a significant milestone that will leave a long-lasting impact on the music industry. The use of blockchain technology will undoubtedly simplify the process of managing music catalogs, and it will also ensure that creators are compensated fairly for their work.