An open source process for music production has just been announced called Open Source Music System. The software creates a place to build songs from tracks by anyone who is on the network, who is using a device with a browser.
Multiple music formats can be used with this system e.g. wav, mp3, and mp4 video, and a special playback feature is included that lets anyone synchronize the playing of multiple tracks across multiple devices.
You can CLICK HERE to check out a beta version of the software.
You can get more information on the system below and can support the crowdfunding campaign here: kickstarter.com/projects/99eggs/open-source-music-system