Post
Topic
Board Bitcoin Discussion
Re: Could bitcoin save the music industry?
by
sawree6
on 02/11/2018, 11:10:53 UTC
The problem lies in the fact that with each new intermediary musician receives fewer and fewer profits. The number of intermediaries makes complicated music industry even more difficult. The industry includes performance rights organizations, record producers, studios, agents, distributors, etc. Everybody receives fees and musician in the last turn. The blockchain is capable to eliminate all those intermediaries. Blockchain can become a new platform for artists in all spheres (writers, painters, musicians, etc) which will help them to get well-deserved profit and protect their authorship. In particular, smart-contracts can reduce the difficulties of the industry and the importance of the major labels.