Tiktok to incorporate with a blockchain startup Audius

Tiktok becomes one of the most used app this days. It is the world's biggest short video platform that has been used worldwide, by common individuals and biggest music industries. They have partnered with music streaming platform who run it's platform on a blockchain, which called Audius. The said company will be handling the audio library of tiktok for the next two years. With this, songs that will be stored will have an unique assigned codes. This means more transparent payment will be experienced. Audius employs a "user-centric" model, wherein artists will be paid directly by individual users who stream their music, but there is no indication that tiktok will be using the "user-centric" revenue model of Audius, but will incorporate royalty payment when video plays will be a reasonable expectation.

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