Blockchain and the Music Industry

How Blockchain is impacting the Music Industry

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BLOCKCHAIN'S IMPACT ON THE MUSIC INDUSTRY

How Blockchain Will Affect the Music Industry

The music industry has many key players: Songwriters Recording artists Record producers Record labels (Sony, Warner, Universal, EMI, independent labels) Streaming services (Spotify, Apple Music, YouTube Music, Tidal, Pandora, Amazon Music) Performance rights organizations (BMI, ASCAP, SESAC) Promoters (Live Nation, AEG Live, OSESA-CIE) Agencies (CAA, WME, Paradigm) Revenues from album sales, digital downloads, streaming services, concert tickets, merchandise, and other sources get divided among these key players plus...

BLOCKCHAIN PROJECTS IN THE MUSIC INDUSTRY

Ujo Music

Built on the Ethereum blockchain, use Ujo to publish your original tracks, retain ownership, and earn 100% of your sales. Fans can support their favorite musicians through…

Mycelia

Founded by Imogen Heap, Mycelia allows artists to improve collaboration efforts, get paid fairly, and openly distribute their tracks while maintaining ownership rights. Mycelia’s Creative Passport contains verified profile information,...

Musicoin

Musicoin’s uses its digital currency, MUSIC, to pay artists 100% of the revenue for every stream of their tracks – instantly. Listeners stream for free.

Wave

Join and create virtual reality concerts and festivals for a whole new musical experience. (Formerly TheWaveVR)

Opus

Artists earn their rightful share, near 100%, of revenue using OPUS’ streaming platform. Fans earn their own profit through creating and sharing music playlists on the app.

Choon

Choon is a streaming service that allows artists to immediately earn cryptocurrency for every stream of their tracks. Listeners are rewarded for creating their own playlists.  

Bittunes

A monetized digital platform for music distribution allowing artists to self-publish and share revenue with fans using Bitcoin.

Jaak

Simplify music licensing with Jaak by connecting music and media industries using blockchain technology for a  global view of ownership and rights.

Blockpool

Use Blockpool to develop smart contracts and license your tracks. Use Blockpool’s payment plugin to offer cryptocurrency payments for listeners and offer crypto rewards for sharing your brand on social...