Blockchain and music industry

blockchain and music industry

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How Blockchain Can Change The Music Industry Forever
Blockchain can enable musicians to receive funding support and fans to benefit from the success of the artists they love. Opulous provides access to capital for. This paper explores the impact of blockchain on the music industry with a focus on the implications technology can have for artists. What is blockchain in the music industry? Blockchain in the music industry is.
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By registering their work on the blockchain, artists can establish a permanent and immutable record of ownership. Implementing blockchain technology at scale in the music industry poses technical complexities and scalability issues. Smart contracts enable automated royalty calculations and payments based on predetermined conditions. As a consequence of all the mentioned above issues, artists and music creators earn low royalties and pay-outs for their work, despite the blooming nature of the music industry in general.