Can cryptocurrency AudioCoin truly revolutionize the music industry, or will it end up as yet another failed initiative? Imagine a world where artists and songwriters no longer have to worry about not receiving their royalty checks. Music organizations…
Category archives: Crypto Currency and Blockchain
Company Adds the Word ‘Blockchain’ to Its Name. Shares Jump 425% In One Day.
What’s in a name? Millions if that name is ‘Blockchain’. I’m not sure this is a good sign for blockchain. But’s great news for On-line PLC. Or, rather, ‘On-line Blockchain PLC’. That simple name change prompt…
Bitcoin-Based Arena Music Has Been Screwing Me for Two Years
Is the music industry ready for blockchain technology? Not if executives that use the technology can’t pay up what they owe. To tackle the music industry’s complex licensing issues, startup company Blokur has raised $1.2 million. Using blockchain tec…
Streaming Service Guarantees Artists $0.01 Per Stream — In Bitcoin
Will bitcoin technology help ensure that every artist gets paid fairly? Arena Music believes so. According to Arena Music’s website, the platform pays the highest royalties in the world. It also invites fans to “contribute to the new music industry.”…
Can This Blockchain Startup Defeat Decades of Music Industry Shadiness?
How can you ensure that every artist gets paid in the digital age? According to creative rights platform Blokur, just use blockchain technology. Efforts to create an authoritative global music rights database have failed miserably. In July, ASCAP and BMI, two of the largest performance rights organizations (PROs) in the world, announced plans to create […]
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Russia’s Corrupt Music Industry Meets Its Match: Blockchain
Russia’s notoriously corrupt music industry may have met its match. But can blockchain really fix a broken business? Like most parts of the Russian ‘economy’ (if one dares calls it that), the country’s music industry is rife with corruption and fraud. Case in point: just last year, general director of RAO (a PRO) Sergei […]
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Think Blockchain Is Bulls—t? This New Initiative Might Change Your Mind
Here are three more reasons to believe in blockchain’s chances: ASCAP, SACEM, and PRS for Music. There more than a thousand reasons why blockchain won’t work for the music industry. Here’s one essay that addresses a few of them. But maybe there’s hope. Just today, three of the largest royalty administration companies in the world […]
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