Published On: Wed, Jul 11th, 2018

Music Platform Skempi goes international

skempiWILLEMSTAD - Today marks the official launch day of the brand new Skempi platform, for which a press conference was held at the National Library of Curacao (BNK). Skempi is a music streaming platform that launched almost 5 years ago. Initially, Skempi focused on publishing independent Caribbean music. The organization will continue doing so, but will now expand its platform to offering independent music from musicians around the world.

“From inception, it has been our mission to revolutionize the way music is distributed online, but in order to truly make a meaningful impact you have to have the best technology to your disposal”, co-founder and managing director Boudino de Jong of Skempi said. You cannot expect to disrupt the music distribution industry if your service cannot offer the same technical rigor and sophistication such as the dominant platforms out there, think Spotify, SoundCloud, and Apple Music.

For the past two years, Curacao-based development company Profound Projects, together with a Silicon-valley based development company, joined forces in order to develop a state-of-the-art Skempi. Today marks the official day the new Skempi platform went live:

Even though this is a big launch for Skempi from a technological point of view, the real work into expanding globally is only now beginning. As part of the vision to revolutionize the independent music industry, Skempi is working on rolling out the very first music royalty token, the Skempi Coin, which is expected to launch by the end of 2018. The Skempi Coin will be offered through a so-called ICO (Initial Coin Offering) and will be integrated with the famous Ethereum blockchain protocol, making the Skempi Coin a ERC20 token. Skempi is developing a mining process which will be tied to the streaming of music (smart streams), in which simply put, the intrinsic value of a royalty token will be determined by two parameters: revenue generated / total streams. Skempi is working closely together with the Ministry of Economic Development in Curacao, to organize the entire ICO within the Curacao jurisdiction, making this one of the first ICO initiatives to be expected from the island.

As part of the ICO, one of the first innovations to be rolled out under the new Skempi will be the artist account, a functionality, that allows independent artists worldwide, to create and manage their own accounts on Skempi, giving them full control on which music they publish on the platform.

For now the new Skempi website and apps for Android and iOS offer state-of-the-art performance and usability, a database of music consisting of over one hundred thousand songs, and a Premium account subscription plan offering offline and ad-free music listening.

More on the Skempi ICO, including the white paper, will be published in September, 2018.

Photo: from left to right, Tanja Waas representative Guardian Group, Minister of Economic Development Steven Martina, Skempi co-founder Boudino de Jong, UTS representatives Darianella Brooks and Juan Bernal.

Click Tag(s) for Related Articles: