We are excited to announce we have officially launched our open beta platform. All of you, individual developers and companies, are now welcome to build on Colu platform.
With the new platform, developers with little to no Bitcoin knowledge, can issue and manage digital assets for various uses, from financial industry (shares, bonds, stocks), records (certificates, copyrights, documentation) to ownership (event tickets, vouchers, gift cards).
We welcome you developers to issue relevant digital assets and services, customized to your needs.
Colu allows creating a layer of digital assets on top of the internet using the Bitcoin blockchain. This concept is much discussed in the last few months and news of new startups and ideas are published every day. The common concept behind all those ideas is democratization of value and information. Using our platform, developers and businesses can start exploring those ideas using an easy to use tools.
Our philosophy at Colu, is to allow businesses to use this technology and offer solution to their clients today. We believe that creating a good mobile experience for the end-user concept is a key catalyst for adoption, that’s why we decided to release Android & iOS apps along with our platform, so developers and companies can test their ideas and instantly engage with their user base.
Products & Tools Released
Colu Bag - Mobile digital wallet that enables to store, send, receive and manage digital assets in one place. (iOS and Android)
Colu Engine - SDK/API for developers to issue and manage digital assets. Allows easy integration with the platform for various use cases and automatically handles all bitcoin related issues in the backend. Learn more here
Quick Asset Issuance - Enabling anyone to easily issue their own digital assets in a simple user friendly way. Soon, we will enable customizing and managing features as well.
Blockchain Technology Meets the Music Industry
We are also announcing a very exciting first integration with a music-tech industry leader:
Revelator - a cloud-based provider of sales, marketing and intelligence for music businesses.
The music industry is one of the domains who took the most dramatic hits when it comes to stepping into the digital era, mainly because of the challenges of preventing intellectual property from being copied freely - aka Digital Rights Management. That’s why, it’s only natural the solution would come from a digital evolution - and this is where blockchain technology comes into the picture.
The problems this industry encounters with are:
1. Lack of trust between parties due to lack of transparency.
2. Speed and security issues of distributed content and IP ownerships (per territory, licensor and product)
3. New business models allowing better engagements of the artists and their fans
4. Transparency and track record when it comes to rights registry information.
Blockchain technology by it’s nature is a distributed and transparent ledger where anybody can see who owns what - proof of ownership - and put a timestamp to claim copyrights when it comes to royalties. That’s what makes it such a perfect fit to the music business.
We are working with Revelator to build a Rights Management API. This API will provide the secure issuance and distribution of digital rights, including:
- Listing and registering musical works
- Provide more transparency to all market participants.
This could potentially become the “operating system” for music industry, acting as the transactional engine for Digital Assets, Smart Contracts and Transactions (payments), across web apps and mobile devices.
There is a great opportunity to approach here - to popularize the concept of a decentralized repository for music rights ownership and to evolve into an industry-wide standard.
Finally, as blockchain technology space and start ups keeps heating up, we are proud to be one of the players who provide the means and tools to bring this amazing technology one step closer to developers and businesses.