While media consumption has shifted to streaming and on-demand models, the revenue and payments process hasn’t kept up. Despite the instant and seamless consumption of music, recording artists sometimes have to wait up to 6 months to receive streaming revenues. Understandably, the complexity of layers and intermediaries in this supply chain contributes to the delay in royalty payments reaching the artists. This is where Paperchain and Tinlake come in.
He added, “By pricing the streaming data and connecting that to programmatic banking solutions like decentralized finance technology, we can build financial products that get money faster to creators at a fraction of the cost of traditional finance.”