AudioCoin builds on the Peercoin and (by association) Bitcoin protocol to provide a new way to consume music. It breaks down the barriers of traditional e-commerce systems and provides a super cool way for music fans and artists to engage in viral marketing. The main gain is that artists (producers) and music fans (consumers) are rewarded tangibly and thereby rendering the current streaming model both archaic and redundant.
As a solution for a particular vertical (The Music Industry) the coin has been developed so that the core software and applications can be ported to any other online music-related platform. Their IP consists of the way we have applied open source software into a bespoke solution that can be plugged into any other site.
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