Music Innovation Podcast Features Buffett-like Figure in Discussion with Bitfury Executive, Stefan Schulz
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In the ever-evolving world of music, technology continues to play a significant role in shaping the industry. One individual at the forefront of this revolution is Stefan Schulz, the CEO and co-founder of Bitfury Surround. With over 20 years of experience in the music industry, Schulz has pioneered the use of technology for the benefit of artists.
Recently, Schulz joined the "Innovating Music" Podcast as a guest, where he discussed numerous opportunities that can be unlocked through blockchain technology. Bitfury Surround, a company specializing in blockchain technology, is leveraging this technology to create a platform that connects content, data, and new value chains. This approach aims to transform underutilized intangible assets such as digital content and data into scalable business opportunities.
One of the key aspects of this blockchain-driven ecosystem is the transparent and secure rights management it provides. By offering immutable records of music ownership and usage rights, Bitfury Surround helps protect and monetize intellectual property efficiently. This, in turn, facilitates new financial instruments and revenue streams, such as regulated music bonds that can diversify income for rights holders.
Furthermore, Bitfury Surround integrates data and content ecosystems where stakeholders like creators, rights holders, and distributors collaborate using blockchain. This collaboration improves licensing, royalty tracking, and payment distribution, supporting scalable business models that leverage AI, data analytics, and blockchain to optimize asset portfolios and foster innovation within the music industry’s value chain.
Schulz explains why now is the time to decentralize the way we track ownership data. He believes that blockchain technology can connect fragmented music industry data and content workflows, creating new value chains that directly benefit creators and rights owners by unlocking untapped economic potential in music and media.
Schulz's rich background at the intersection of music, business, and evolving technology is evident in his work. He has led the design of digital live entertainment rights for artists, promoters, and music labels, including social media, AR/VR, and streaming content. He has worked with numerous large players in the industry, including Deutsche Telekom, Vodafone, Nokia, Verisign, Apple, NTT DoCoMo, Deezer, and Spotify.
Schulz's contributions extend beyond the music industry. In 2016, he joined forces with Simon Fuller (XIX Entertainment) to create the first global pop group based entirely on social media and audience engagement.
To learn more about Bitfury Surround and Schulz's work, visit their website at https://surround.com/. You can also find Schulz on LinkedIn at https://www.linkedin.com/in/stefanconvert/ and on Twitter @bitfurysurround. For more insights from Schulz, listen to the "Innovating Music" Podcast episode featuring him.
[1] Source: Facebook post by Bitfury
Technology's influence in the music industry extends to lifestyle, as witnessed by Stefan Schulz's use of blockchain technology for a platform that connects content, data, and new value chains (entertainment). This innovative approach can transform underutilized intangible assets, like digital content and data, into scalable business opportunities (economy). Schulz's work with Bitfury Surround also includes integrating data and content ecosystems to optimize asset portfolios and foster innovation within the music industry (technology), while his contribution to the first global pop group based on social media and audience engagement showcases his involvement in various sectors of entertainment.
