Timbaland’s Beatclub is set to become the first music-tech startup to be invited to join the IBM Hyper Protect Accelerator, a mentorship program dedicated to providing startups with data protection, privacy, and security solutions while pushing for advancement in the startup ecosystem.
The premier global marketplace for music creators was co-founded by legendary producer, Timbaland, alongside his longtime manager, Gary Marella.
“At Beatclub we leverage the hyper ledger fabric and smart contracts to underpin all of our business processes and transactions across our marketplace,” said Eric Czar, Chief Technology Officer at Beatclub, in an official press release. “Our participation in IBM Hyper Protect Accelerator will enable us to continue our development work as we automate the self-executing license terms for our music products and enable all of our transactions to be fully transparent and trackable, all while protecting sensitive client data.”
In the past, all startups in the IBM Hyper Protect Accelerator mentorship program have been geared toward startups with a focus on digital assets, finance, healthcare, and insurance. Now, in its fourth cohort, Beatclub will become the only company within the program to make the crossover into the arts and culture.
“We are so honored to be the first music company to be invited into IBM’s accelerator program,” continued Beatclub Co-Founder Gary Marella. “Our technology is at the foundation of everything we’re building at Beatclub and to be able to work closely with IBM as we continue to develop our platform is hugely important to us.”
Beatclub has already garnered attention as the most creator-friendly marketplace out. Creators are given the opportunity to keep 100% of their master and publishing rights, 100% of their revenue with the ability to customize licensing, putting them in the front seat when it comes to setting their own terms and fees.
Thus far the platform has captured the attention of top heavy-hitters in the industry including J. Cole, Mike Dean, Cash Money AP, Mike WiLL Made-It, and many more who are a part of Beatclub’s early access team. They will be able to sell acapellas, beats, demos, loops, and sounds on the service.
“Our entire IBM Hyper Protect Accelerator team is incredibly excited to welcome Beatclub to our family of 100 startups and look forward to celebrating the music creator culture and community,” said IBM Z Chief Penguin, Melissa Sassi. “With a new generation of creators often making music and beats in their bedrooms across far corners of the earth, we see tremendous opportunity in enabling up-and-coming artists to earn an income, all while protecting their intellectual property.”
No stranger to a strategy geared toward technical innovation, Beatclub recently announced its partnership with Horizon Fintex, a fintech company that powers fan engagement platform, Global Fan Exchange (GFX), and Upstream, a digital stock exchange.
Beatclub is scheduled to launch later this year