Can we imagine a world without iTunes and Spotify where the ownership of a song is transferred directly from the musicians to the fans? Is Blockchain the "legal revenge" of the #Napster's decentralized system (peer to peer) of music distribution that was introduced many years ago?
There are already nice apps that support that. This is a great article on this topic:
https://steemit.com/technology/@heymattsokol/blockchain-music-distribution-in-2017-four-platforms-to-watch
I believe the "possibility" to distribute music directly will open new opportunities, but also a lot of technical and optimization challenges to solve.
Thank you very much for the article Michal, I will read it. Security is a potential risk that we have to mitigate, however it seems an interesting approach for the music industry.
Great thread.
I believe blockchain definitely has the potential to disrupt those "music giants".
Tokenization can be an answer to some of the security issues, as token transactions are the processes most protected by cryptography. A new platform is on the rise connecting artists with fans, not only for transferring the rights of music, but skipping ticket distributor intermediaries as well. Their whitepaper could be an interesting point of reference, with a critical mindset of course.
https://purplethrone.com/
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