Does Blockchain Hold the Key to Music’s Future?

A song doesn’t just happen. There are composers, lyricists, performers. Rights of ownership are divvied up across those parties, labels, publishers, distributors and possibly other entities. And the sale of one company to another means a small forest worth of paperwork to keep the records current and ensure all parties are properly paid for their work.

What if there were an easier way, one that not only allowed all the rights and ownership privileges of a song to remain together in an open, publicly readable and researchable database, but also gave artists the ability to post their song directly and collect payment every time a download or album was sold?Welcome to the world of blockchain.

Source: A Journal of Musical Things

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