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American music streaming company TOWB Music and Davinci Foundation sign MoU for Blockchain Integration Services.

TOWB Music,
Inc. (CEO Eric Sim) have signed a Memorandum of Understanding (MoU) with
Davinci Foundation (CEO Seungjae Han) on Jan 4th to develop an
innovative global trade system in the music industry and to expand Davinci’s
blockchain ecosystem. Both firms will exchange and share experience in the
development of financial technology, blockchain, as well as analytical and
research materials.

The Davinci Foundation is a Korean-Chinese joint company that was founded in Singapore, 2017 and launched the coin (DAC) on HADAX.

The Davinci coin (DAC) will be used as a blockchain in several different fields like culture, credit investigation, insurance, finance, internet, etc. They are expanding their ecosystem working with various companies from China as well as Korea. Under the agreement, Davinci Foundation expects TOWB Music to become an outpost to expanding Davinci’s ecosystem into America, Europe and other regions using their services and marketing resources.

TOWB Music
headquartered in Orlando, FL is the World’s First Originated “Blind Music
Competition” based, audio distribution platform that has auto-share algorithms.
They are expanding their service into South America, Europe and Asia. TOWB
Music is suggesting to musicians worldwide a new copyright payment system using
the blockchain technology and planning a successful ICO by working with Davinci
Foundation who has a strong advisory board of blockchain experts and industry

Seungjae Han,
CEO of Davinci Foundation said that “Davinci Foundation will seek
different ways to mutually benefit with TOWB Music, who has a very interesting
and fair business model about music” and added “I hope to see many
different companies in a variety of fields to join Davinci’s platform.”

TOWB Music
CEO, Eric Sim said that “I believe that when the Global Digital Music market
meets Blockchain technology, we can present a new payment system for copyright
to musicians worldwide. Also, I feel confident that both companies can
establish a new system of copyright payment to succeed in our ICO launch.”

  • The Korean-Chinese joint blockchain project “Davinci Foundation” in partnership with American Music Streaming company “TOWB Music” to boost Davinci’s ecosystem and presence in the North & South America, Europe, Middle East markets.
  • Using Davinci Foundation’s AI-based POS
    blockchain infrastructure and with TOWB Music’s Global Services and Marketing
    capabilities; plan to present a new model for the copyright payment system to
    musicians worldwide and to succeed in TOWB Music’s ICO.