Siki is a Los Angeles-based company founded in 2021 that is building a multimedia and social platform centered around music and NFTs. The company's mission is to create a more sustainable entertainment ecosystem where artists and curators can directly monetize their work and engage with their communities in new ways.
The Siki platform combines several key services into a single social ecosystem. It functions as an NFT music streaming service, allowing artists to mint their songs as NFTs and earn higher royalties compared to traditional streaming platforms. It is also an NFT marketplace, where users can buy, sell, and auction these music NFTs. The platform is designed to be a social hub where users can connect with each other and their favorite artists, with features like tipping and live streaming integrated directly into the NFT experience.
The Hedera Token Service (HTS) is used by artists on the Siki platform to mint their music as NFTs. This allows for efficient and low-cost creation and transfer of these digital assets. By building on Hedera, Siki can provide a secure, scalable, and environmentally friendly platform for its users to stream, trade, and engage with music in a novel way.
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The Hyperledger Fabric plugin for Hedera Consensus Service (HCS) enables Hyperledger Fabric networks to utilize the Hedera public network for transaction ordering. This plugin allows developers to replace or augment traditional Fabric ordering services such as Raft or Kafka with HCS, leveraging Hedera's asynchronous Byzantine Fault Tolerant (aBFT) consensus mechanism.
The core function of the plugin is to have Fabric orderer nodes submit endorsed transactions to a designated topic on the Hedera Consensus Service. HCS then assigns these transactions a unique, immutable, and verifiable consensus timestamp and sequence. Fabric orderers subscribe to this topic via a Hedera mirror node, retrieve the ordered transactions, and use this sequence to consistently form blocks and propagate them within the private Fabric network.
By integrating HCS, Hyperledger Fabric applications gain several benefits including enhanced trust and decentralization in the ordering process, public verifiability of transaction sequences for increased auditability, and potentially reduced operational complexity compared to managing a traditional private ordering service.
Upbit is cryptocurrency exchange based in South Korea with offices in Singapore, Indonesia, and Thailand. It is operated by Dunamu, a leading South Korean fintech company and is one of the the largest exchanges by trading volume on the Hedera network and in the south Asian market where it plays a crucial role in providing liquidity and accessibility for the Hedera blockchain network. Upbit is a primary on-ramp for the Hedera native cryptocurrency token, HBAR, through its secure, high-volume mobile apps offering real-time trading, diverse asset support, and robust security, especially in the South Korean cryptocurrency markets.
Upbit is known for its strong emphasis on security and regulatory compliance within South Korea's stringent framework. They have obtained numerous security certifications, including Personal Information and Information Security Management System (ISMS-P) and International Organization for Standardization / International Electrotechnical Commission (IOS/IEC), and employ advanced AI-driven fraud detection systems operated by dedicated anti-money laundering teams.
Tune.FM is a decentralized music streaming platform and NFT marketplace built on the Hedera network. It’s designed to upend and modernize the music industry's traditional compensation model. Its core mission is to enable transparent, secure, and instant artist payments while fostering direct connections with fan communities.
The Tune.FM platform is built on the Hedera blockchain network and utilizes the Hedera Token Service (HTS) for its native JAM token ($JAM), which relies on embedded Hedera features to facilitate real-time micropayments for artists, who are compensated for every second their music is streamed.
Tune.FM’s "play-to-earn" model features high speed processing with comparatively low fees, thus potentially allowing artists to retain a significantly greater portion of their earnings when compared to traditional streaming platforms.
Beyond streaming, Tune.FM features an integrated NFT marketplace where artists can mint and sell digital music collectibles including songs, albums, artwork, and exclusive fan experiences such as backstage passes via JAM tokens. For listeners, Tune.FM offers a platform for new music discovery, direct artist interactions and support, and a way to earn JAM tokens through fan engagement.
W3C Decentralised Identifiers (DIDs) are a new type of globally unique identifier designed to enable verifiable, decentralised digital identity. As a formal web standard published by the World Wide Web Consortium (W3C), the DID architecture is a foundational component for building a more secure and user-centric internet.
Unlike traditional identifiers such as email addresses or usernames, DIDs are not tied to any centralised registry or company. This means that individuals and organisations can create and control their own identifiers, giving them "self-sovereign" control over their digital identities. The core of the system is the DID Document, a JSON file that contains the cryptographic keys and service endpoints associated with a DID. This document is stored on a distributed ledger or other decentralised network, allowing for secure and verifiable interactions.
The Hedera Consensus Service (HCS) is used to create a tamper-proof and auditable log of all DID-related events, such as creation, updates, and revocation.