Many musical artists turn to decentralized register technologies as a tool to be able to share music online more equitably. Billboard reports that three companies are trying to solve this and other problems related to the management and liquidation of copyrights, promoting direct payments to artists and the use of smart contracts to manage and automatically resolve licensing problems,

 

PeerTracks has a project, still under development, which aims to offer a "self-managed" music streaming platform, which allows users to listen to music and use the distributed records to pay the artists directly, without resorting to any type of intermediary.

The platform also hopes to create more direct interaction between artists and customers, in order to stimulate a new, more customer-driven musical era.

 

Mycelia, founded by the Grammy award winning artist, Imogen Heap, develops "smart" songs with integrated smart contracts. Blockchain-enabled contracts allow artists to sell their pieces directly to fans without going through the record label lobby.

Ujo Music, led by entrepreneur Phil Barry, says he is rebuilding the music industry on blockchain technology. Beyond streaming, Ujo is seen as a way to improve the cataloging of authors, artists and composers who are behind a text or the music of a song, even using smart contracts (smart contract).

 

THE BLOCKCHAIN ​​FOR ONLINE MUSIC

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