How Blockchain Technology Is Changing the Music Industry

Over the years, blockchain technology has proved its utility in various industries. However, some sectors seem to have eluded the new technological advent. One of them is the music industry, a multi-billion-dollar market that could benefit significantly from decentralized public ledgers. Read on to find out how music and blockchain could merge successfully! What Is Blockchain? In 2008, a mysterious person or group of people using Satoshi Nakamoto pseudonym introduced blockchain technology in the Bitcoin whitepaper. Since then, many regard…

How Can the Music Industry Integrate Blockchain Technology Use?

Blockchain technology first came to the limelight with the introduction of bitcoin. The invention paved the way for innovative solutions in the financial industry. Over time, developers discovered that the technology could be useful in various other sectors as well. The introduction of ethereum created a platform that crypto developers and enthusiasts could use to develop smart contracts and dApps for just about any sector, including healthcare, the food industry, the justice system, education, supply chain, and voting, and several…

Can Blockchain Tech Transform the Music Sector In The Year 2020

Emerging trends and content offerings have, over the last decade, continued to drive growth and distribution in the music industry. Modernization in the music business and distribution methods have allowed numerous unsigned artists to produce recordings and distribute their music and art across the globe, mainly via the internet.  The changes being witnessed in music streaming and new licensing structures have highlighted the need for developments to restructure licensing processes and how musicians can collect royalties and track their work. …