Decentralized Music Platform: A Blockchain-based Solution for NFT Music Distribution and Royalty Management

This is the authors' abstract. We don't add key points for this paper.

Blockchain technology, which rests on impermeable, decentralized ledgers, has found use in a variety of fields beyond its original connection to cryptocurrencies. Its ability to create safe, readable, and unchangeable records is its core strength. The proposed research work presents a novel approach to music distribution that makes use of blockchain technology to enable artists to sell their work directly to customers, doing away with middlemen. To provide secure and transparent transactions, the system uses a decentralized ledger to record and authenticate music transactions. Automated royalty distribution made possible by smart contracts ensures that artists receive just pay. Musicians have more control over their creative property and income by eschewing conventional middlemen. Additionally, the platform incorporates an easy-to-use interface that allows artists to upload, manage, and monetize from their works with ease. This creative strategy reduces concerns of money leakage and piracy while promoting direct relationships between musicians and fans, resulting in a more egalitarian music market.