Blockchain platform offers 'Decent' rewards for artists

Decent has launched a blockchain-based content distribution platform that offers an alternative to services from Amazon and Apple, and gives artists more control over their work, according to a press release.

Decent estimates that writers lose 30–75 percent of their profits when publishing on Amazon and that musicians lose 30 percent of their profits on iTunes. The company's blockchain platform aims to provide better returns for artists by allowing them to manage their IP rights and pricing directly.

And, unlike other services, Decent promises artists immediate payment for purchases, according to the release.

"Decent Network is a reaction to the issues that the majority of content producers face nowadays in the entertainment and media industry," Decent founder and CEO Matej Michalko said in the release. "There is too much artificial complexity and too many barriers in the industry affecting both the access to market and income of the content owners."