Answers are grounded in this paper and cite their sources.
Blockchain technology may have transformational potential for those music industries associated with recorded music, and for the sustainability of music careers. While predictions of widespread disintermediation may have been premature, blockchain technology does appear to have the potential to transform the role of third parties and to make musicians’ careers more sustainable. Blockchains could improve the accuracy and availability of copyright data, facilitate near‐instant micropayments for royalties, and significantly improve the transparency of the value chain.
No takes yet. Share an insight, caveat, or question.
O’Dair et al. (2017) studied this question.
Synapse has enriched 10 related papers. Consider them for comparative context: