

Over the weekend, Grammy award winning singer/songwriter, Imogen Heap, released her new single, “Tiny Human” on Ujo, an Ethereum blockchain-based open music industry peer-to-peer platform built by ConsenSys.



Ujo aims to increase transparency and efficiency in the music industry through an automated, decentralised rights management and payments system upon which any music service or application can be built. Creators and rights holders register works and their stakes in those works in smart contracts on the blockchain. Payments are delivered automatically and instantly based on that information using the self-enforcing smart contract technology. Artists may also publish policies for how their music may be used, facilitating an open marketplace in which anybody can innovate a new business model, app or service as long as they meet the terms of those policies.



Phil Barry, one of Ujo ’s founders, said, “We are experiencing a thrilling convergence of ideas and aspirations between artists and technologists. Our hope is that by bringing together the best ideas from both sides of the equation we can begin the process of upgrading them from dreams and visions into a practical reality.”



Ujo is intended to serve as the foundation of an open music industry platform, powered by the Ethereum decentralized application platform and is being built by ConsenSys. Ujo and ConsenSys are eager to work with like-minded collaborators in the ongoing development of the platform.

