Leading supplier of technology solutions to The Bitfury Group, announced Wednesday, January 16, on run-oriented music industry and entertainment division, which is working to create a music platform based on the blockchain of bitcoin.

In a statement the company said that the platform SurroundTM will be open source and will facilitate collaboration and promote innovation in the music industry.

Breaking news today in @Reuters by @gcdreyfuss: We have officially launched Bitfury Surround, our music entertainment division that will design #blockchain solutions to streamline operations throughout the music industry! Read more: https://t.co/bVpkcHSTw4 pic.twitter.com/emd55bia38

The Bitfury Group (@BitfuryGroup) January 16, 2019

In particular, SurroundTM is designed to optimize the secure delivery of assets in the field of copyright, by providing an improved system of monitoring and control.

As stated by the head of the new unit Bitfury Surround Stefan Schulz, development of the platform has already been developed and several of its important components is ready. The exact timing of the launch SurroundTM so far, however, are not called.

It also reported that operating activities Bitfury Surround will be made from offices in Amsterdam and Berlin. In addition, we plan to open additional offices in Los Angeles, Tokyo, Seoul and Moscow.

Recall that in late November 2018 Bitfury Group raised $80 million in a closed round of financing from institutional and private investors, then its market capitalization has grown to $1 billion.

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