Avalanche is committed to revealing the long-hidden truth about music royalties to music artists through Record Financial.

Record Financial’s Travis Garrett and Ava Labs’ Morgan Krupetsky proposed using shared ledgers on Avalanche to improve transparency in the opaque music royalty system. Krupetsky emphasized Avalanche’s architecture, which balances the visibility of public transactions with private data, avoiding the drawbacks of putting all data on-chain. Garrett explained the core issue in the industry: the system is decentralized, with over 100,000 payment sources and a lack of a unified data source, which gives intermediaries greater influence and makes correcting errors more complex. A unified ledger would enable artists to directly view copyright registration and payment trigger information, thereby changing the power dynamics and making the role of record labels easier to audit.