Blockchain Can Be Tokenized for Music?

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Blockchain is a way to have digital certificates when computers communicate. Within that backbone you can then have applications that are layered with that blockchain and that's one specifically focused on something called smart contracts. So whenever people listen in the music and you are royalties it would then trigger a payment using that coin as a payment platform. I'm also working on a project called PODBUMCOIN that's essentially me trying to tokenize using Blockchain to help artists become more independent.

From the archive: This episode was originally recorded and published in 2019. Our interviews on Entrepreneurs On Fire are meant to be evergreen, and we do our best to confirm that all offers and URL's in these archive episodes are still relevant.

Chima Nwala is the founder of Hangout Corporation, which he founded in his college dorm room after graduating from Foster School of Business at the University of Washington in Seattle. He has over 30 years of experience in the digital music space. An independent music publisher, writer and podcaster, he shares the same challenges and opportunities digital music presents to artists, fans, and users alike. His passion for Finance, Technology and Music led him to create PODBUM® Podcast and soon PODBUM® Coin. His book “The Secret Sauce Behind Podcasting,” was just published and is available on Amazon.

Top 3 Value Bombs:

1. You have the power to make it happen. Believe in yourself and take action.

2. Blockchain for artists, music industry professionals, and even those who sell merchandise holds the key to Smart Contracts.

3. A Smart Contract is when you have a contract between two parties with variables that will determine what happens if a certain transaction takes place.

Check out what Chima has going on - Podbum.com

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