Since the 1999 launch of Napster's music-sharing platform, the music industry has been in near-constant turmoil, with dipping revenues, lack of transparency,..
” Since the 1999 launch of Napster’s music-sharing platform, the music industry has been in near-constant turmoil, its timeline marked with dipping revenues, lack of transparency, piracy problems and feuds over the fair distribution of dividends.
Music companies hate streaming services. Streaming services hate file-sharing services. And, most of all, artists and content creators hate virtually everyone else for making huge sums off their toil and feeding them the crumbs.
[…] At its core, the blockchain is a distributed ledger that can validate and register transactions without the need for a central authority. No one owns the ledger — it’s spread across the nodes that constitute its network and is publicly available to everyone
[…] In the music industry, the blockchain could transform publishing, monetization and the relationship of artists with their communities of fans”
[…] a transparent system would generate much more revenue and create more opportunities”