Snapshot – Proof of Creation on the Blockchain
Another problem in the music industry today is the out-of-date and convoluted copyright system.
Technically, once you record your music (and lyrics) you are automatically protected by copyright, even if it’s just a rough version or cell phone recording. But to get the full benefit of copyright protection, including the right to sue people for infringing your copyright, you must register with the U.S. Copyright Office.
Let’s explore the potential downside to this…
- Processing times for copyright registrations can vary, but in general, it takes three to five months to process an electronic registration and seven to 10 months to process an application by mail.
- Copyright owners must submit each work or collection of works individually to the Copyright Office, accompanied with registration documents – which can be bypassed using online forms – and registration fees that range from $35 to $220. Registering many works can be time-consuming and expensive for small businesses.
- There is no copyright registration that protects you internationally.
Aaron Simpson, the owner of Simplify Recordings said:
At this moment in time, hardly anyone officially “copyrights” their music. The process is very expensive and so time-consuming that it’s just not worth it. As a record label owner and publisher with rights to thousands of recordings and compositions, we’ve never officially copyrighted a single song with the U.S. Copyright Office, and the same can be said for several other label owners that I have talked to. This doesn’t mean we haven’t been in situations where we had to prove rights. One example I have dealt with time and time again is music being claimed on YouTube from a false party. In order to win the said dispute, we had to great creative and find a way to submit proof. There are times we have even gone as far as taking video of the actual computer session of the composition.
As we specifically enter the digital realm, we need something that matches today’s climate. By creating a way that people could timestamp their works for both sound recording and composition on the blockchain, it could be a true gamechanger for the music industry.
At The Simplify Market, we have designed a system called Snapshot.
It’s simple. You log in to the market and in exchange for tokens, you can register the creation of your song right on the Simplify token blockchain.
The date, artist, title, notes you provide plus an official audio-fingerprint will be stored and time-stamped for public viewing.
You can literally Snapshot your track minutes after you make the first draft.
But there’s more. Not only will you have a time-stamped audio-fingerprint of your music, we will check our database for any matches to assure that your music is not being copied by someone else.
If you find yourself in a dispute, you can log back into The Simplify Market for a downloadable certificate showing your proof of creation in a manner that can be provided to various 3rd party entities for your desired use.