Music Society Giants Turn to Blockchain Technology

Music Society Giants Turn to Blockchain Technology

Three of the biggest music societies have teamed up to research a new system that will manage music copyright information through the blockchain. ASCAP, the American Society for Composers, Authors and Publishers; SACEM, the Society of Authors, Composers and Publishers of Music; and PRS for Music, are collaborating to create an innovative system, according to an announcement. Robert Ashcroft, PRS for Music’s Chief Executive, said that the blockchain and DLT are opening up new opportunities for many sectors to address long-standing issues. The digital market requires real-time reporting on....


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Quotes

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Satoshi Nakamoto, Bitcoin Developer