Music Industry Receptive To Blockchain Technology
Phil Barry believes the Ethereum blockchain can change the music industry. To him, it is "the current best system for building complex decentralised applications." Barry might know. He consulted for Courtyard and ATC Management, leading a team working on financial analysis, media strategy and user experience for the world-first release of Thom Yorke's solo album Tomorrow's Modern Boxes on BitTorrent. He currently leads up Ujo Music. Ujo aims to engage in a nmber of joint experiments with artists, PROs and music companies into 2016, striving to represent a new shared infrastructure for the....
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Blockchain technology makes it difficult to cheat. Could music artists benefit from this feature? CoinTelegraph talked to a number of experts to learn how the music industry could adapt to the rules of the digital age. How Blockchain can help the music industry. Gabe Higgins, Founder of CryptoEdge Solutions and Tampa Bay Bitcoineers, says to CoinTelegraph: “Being a musician for almost two decades I've experienced the dramatic decline of the music industry in the digital age. When I discovered Bitcoin and learned about Blockchain technology, it immediately struck me as something which could....
Musicians are turning their attention to the power of blockchain as a way of generating more revenue in an industry that is experiencing a decline in shares. According to the British Phonographic Industry (BPI), 2015 saw music sales rise by 3.7% driven by the fact that streaming grew by a massive 82%; however, despite this, revenue increases only grew by a tiny 0.6%. Unsurprisingly, the music industry is keen to shake things up ensuring that musicians receive the money they are entitled to for music sales. What, though, could help to revolutionize the music industry? Enter blockchain.....
According to a recent report from the Financial Times, music streaming is set to overtake CD and vinyl as the largest generator of income for British record labels in 2017. The report states that as more people opt for subscriptions to streaming services such as Spotify and Apple Music, revenues in the sector were pushed to a five-year high last year. Total income generated by the U.K. music industry increased by 5 percent to £925 million ($11.6 million) in 2016, from £881 million ($11.1 million). Yet despite the popularity of the music industry, musicians often find themselves unfairly....
Ever consider what the future of the music industry looks like with the advent of blockchain technology? Cédric Cobban certainly has. Co-founder of PeerTracks and member of the BitShares Music Foundation, Cédric seems to have a clear vision when it comes to music's role in the emerging decentralized economy. I recently had the opportunity to speak with Cédric about the PeerTracks P2P music platform and his outlook on the future of music and what it means for both artists and fans. Also read: Bitshares Out to Make P2P Music Profitable. Listen, The Future Of Music. What is PeerTracks and why....
Will Blockchain make inroads into the music industry? Well, it’s already in the global music, as well as the movie and publishing worlds. But there have been efforts to find ways to block access to materials and to halt free and open distribution of creative works over the internet. The use of blockchain technology to address these issues surfaced of late. New kids on the Blockchain. How can Blockchain change the industry’s revenue stream due to its ability to store, organise and share data based on a concept of transparency? Blockchain panelists at Shoreditch House’s library in London....