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Apr 6, 2017

Does the Music Industry Need a Blockchain?

For an industry so reliant on digital means, its infrastructure suggests that an old-school mentality framed digital development—and so we’re left with a fragmented and dysfunctional data infrastructure. Does this mean that the music industry needs a blockchain to solve its metadata problem?

paperchain metadata validation services for digital rights owners in the music industry

As awareness moves beyond BitCoin and cryptocurrencies to distributed ledgers, blockchain is fast-becoming the dominant (theoretical) solution to challenges facing many industries. No more so than the music industry—an industry plagued with inefficient and outdated data practices that interferes with the creation and maintenance of reliable data records, resulting in unpaid royalty revenue to artists, publishers and labels.

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