Musicoin is blockchain platform designed specifically for music licensing and consumption. Musicoin will allow musicians to independently license and release their music such that each playback will trigger a payment from the listener directly to the musician. Payments are nearly instantaneous and can be automatically divided and distributed to all contributors, such as band members, songwriters, and producers. Whenever a track released by a musician is played the Pay-Per-Play license (PPP) license code will be triggered and the payment from the listener will be automatically divided and distributed according to the terms of the PPP license.