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How blockchain can change the music industry

2 pointsby warrenmarover 8 years ago

1 comment

pedalpeteover 8 years ago
I don&#x27;t understand the bit about music being unpiratable due to blockchain. Just because the music is there, doesn&#x27;t mean it can&#x27;t be taken from there and played somewhere else.<p>I do think the idea of micro-transactions could solve the problem of the convoluted rights contracts in music.<p>We currently work from the assumption that a song is recorded and a contract exists between the artist and maybe a label and that those are the two parties which get paid. In actual fact, the deals are much more complicated than that. Sometimes the studios get a cut, sometimes the graphic artist who did the cover work gets a cut, songwriters, managers, back-up musicians, it is very complicated.<p>If each song on the blockchain acts as a contract with the details of who gets what, this would make the buying and selling of music on a massive scale much simpler.
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