One of blockchain’s most vocal bell-ringers is the Grammy Award-winning UK singer, songwriter and producer Imogen Heap. “Blockchain is completely enabling us to rethink the basic, core structure of how monetary distribution works in the industry,” Heap told City A.M. “It can be used to build a united platform and create an ecosystem, but most importantly builds innovation under the standards that make sense for artists.”
The research would seem to back up Heap’s point. In a report this week released by the Blockchain for Creative Industries cluster at Middlesex University and the Featured Artists’ Coalition (FAC), researchers found four areas where using blockchain could be a genuine asset to the music industry.