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Music Royalty Payment Scheme Using Blockchain Technology
(Institute of Electrical and Electronics Engineers Inc., 2021) Yahya, A.; Habbal, A.
This paper briefly discusses the modern music industry setting and blockchain technology and how blockchain can be used to create a better music industry for the benefit of artist. The music industry is big and complex which generated a lot of problems for both the artist side and the industry as corporations and also put the artists and music labels and management at odds which has participated in a making the music industry a very bad environment and full of mistrust. Blockchain is classified by Gartner as one of the top ten strategic technologies in 2019, blockchain is based in distributed set or records linked together forming a chain, these records are held by different entities in a peer-to-peer network these entities work together to secure the information in the chain. by analyzing how the industry works and also present some use cases of the use of blockchain within the music industry. the paper gives a proposal to a new royalty payments system based on the environment of the blockchain technology. The paper also gives a brief about the challenges and road blocks that may face the implementation of the technology within the music industry. © 2021 IEEE.