The SOUNDAC database is open, transparent and constantly in-sync. There are no gatekeepers. SOUNDAC is not proprietary. It is an ownerless, automated, globally distributed, Peer-to-Peer network. Businesses worldwide, from streaming platforms to music retail websites, will know exactly which copyright holders to pay (in real time!) by using the open data contained within SOUNDAC. Solving what we call the “Who to pay?” issue currently plaguing the music world.
Copyright holders add music to SOUNDAC by going to the Rights Management Portal. During this process, they specify what is to be done with income – how the royalties should be split amongst all participants.
Streaming platforms (such as PeerTracks) will see the new song entry appear on the distributed database and decide whether or not to add it to their catalog – allowing their users to stream it.
SOUNDAC has a royalty pool from which it pays out all copyright holders. It distributes the funds based on what all users, on every streaming platform (connected to the SOUNDAC ecosystem) have been listening too. The funds go towards every song the users have been streaming. Each song entry contains instructions on who should receive which percentage of the income. For example: If Alice listens to Song ABC on PeerTracks. PeerTracks reports this stream to SOUNDAC, which takes care of splitting up the funds to each of Song ABC’s rights holders.