He has launched a blockchain - powered music streaming service that aims to pay musicians more and faster . By combining music streaming and digital payment , Choon aims to pay musicians 100 % of streaming revenue generated by their tracks . Each time a track is played the musician will earn cryptocurrency with payments being credited daily . The company plans to use stream count data , stream split information and wallet balances to create more revenue .
Choon has launched a blockchain-powered music streaming service that aims to pay musicians more and faster. By combining music streaming and digital payment, Choon aims to pay musicians 80% of streaming revenues generated by their tracks. Each time a track is played the artist will earn cryptocurrency with payments being credited daily. The company plans to publish stream count data, profit split information and wallet balances to create more transparency.