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August 28, 2020

Blockchain, Smart Contracts, and Reconstructing the Music Industry

Many have heard of the famous cryptocurrency named Bitcoin, but many have not heard of blockchain. Blockchain is the underlying technology that allows Bitcoin to function as a decentralized currency. Imagine blockchain as a shared database. Unlike the Cloud, where Google or Apple control all the data, a public blockchain is not controlled by a central authority. Instead, anyone connected to the internet can take part in storing the data. Because it is not controlled by one party, theoretically, a blockchain cannot be shut down, hacked, and most importantly, the data cannot be altered again. Cryptocurrencies are one tiny possibility of the power of blockchain.
August 27, 2020

MUSIC COMPANIES THAT ARE RESHAPING THE MUSIC INDUSTRY THROUGH BLOCKCHAIN

Blockchain is solving some of the major problems currently plaguing the music industry. With blockchain, musicians are able to receive equitable royalty payments, venues are able to curb counterfeit tickets and record companies can easily trace music streams and instantly pay all artists who contributed to songs or albums.
May 30, 2019

SONGWRITERS AND PUBLISHERS SHOULD NEVER BE AN AFTERTHOUGHT FOR DIGITAL SERVICES.’

This month marks a year since Elena Segal, a widely respected figure in music industry circles, was appointed as Apple Music’s first ever Global Director of […]
May 23, 2019

Intellectual property assets: Breaking the ice for blockchain-based economic networks

An icebreaker is a specialized ship that uses its momentum to move through the frozen surface of a body of water. But counterintuitively, its bow isn’t […]
May 23, 2019

KEY TAKEAWAYS FROM IFPI’S GLOBAL MUSIC REPORT 2019

1. RECORDED MUSIC REVENUES ARE GROWING – DRIVEN BY PAID STREAMING In 2018, the global recorded music market grew by 9.7% to US$19.1 billion.  At the heart of this […]