Announcing OKChain & BitSong Partnership
BitSong & OKChain for Digital Music Assets
Hi everyone, we are here today to announce with great pleasure the most important partnership that BitSong has recently opened, namely the one with OKEx and its Open Blockchain OKChain
OKChain has recently published a list with its new partners, in which we can find names such as Kava, IRISnet, Cosmos, Bytom, Certik, Conflux and many others, for a total of 30 leading global well-known blockchain projects
We are proud to be part of this list and today officially announce the start of a collaboration that will enrich both ecosystems with potential and new features.
Few Advantages
Since both BitSong and OKChain ecosystems are based on Cosmos-SDK, they will be able to interoperate through the IBC Protocol
In this way, all participants in the BitSong ecosystem will be able to take advantage of the opportunities that OKChain makes available, just as OKChain users will be able to enter BitSong much more easily to enrich both ecosystem development
Our goal is to be able to freely transfer Music Digital Assets (NFTs) from BitSong to OKChain (and vice versa)
OKDex
Another aspect OKChain and BitSong are working on together is OKDex.
OKDex is an open source project, its mission is to facilitate the adoption and implementation of more decentralized exchanges based on OKChain.
There is already work in progress and below we are showing you some small indiscretions.
About OKEx
OKEx is a world-leading cryptocurrency exchange, providing advanced financial services to traders globally by using blockchain technology.
OKEx provides hundreds of token & futures trading pairs to help traders to optimize their strategy. They are also one of the top digital asset exchanges by trading volume, serving millions of users in over 100 countries. Their BTC futures trade has nearly $1.5B of volume daily, and is widely recognized as the gold standard for the industry.
About BitSong
BitSong is an open source blockchain born in December 2017. Our mission is to simplify the music bureaucracy as much as possible, make the artists independent and facilitate the management of royalties.
Based on Cosmos-SDK/Tendermint, BitSong is an interoperable and cross-chain blockchain.
A user can publish (independently and unchangeably) his own music record. A user can also tokenize his track (NFTs) and sell his shares to new users. Each track containing a set of Right Holders, when a track gets a new reward, it is divided and automatically sent to the Rights Holders.
Through the BitSong api, any user can build their own decentralized music player and/or manage their royalties.
