Tag / blockchain
it is important to pay attention to the Blockchain debate in music. The requirements in music industry for Blockchain are more challenging than those from other verticals. The result, in architecture and workflow modeling, could be a Blockchain model suitable for other industries. It can be a Blockchain model for verticals that are less complex yet more critical, and that are more significant in turnover.
Blockchain is a promising technology for music business. But instead of, or at least in addition to flooding the business with a sandbox, there has to be a space for reflection and discussion. A source of information for any stakeholder, and a contact for anyone involved to ask for features. That's why we launched the Blockchain Roundtable.
Resonate is a highly interesting and upcoming streaming service based on a blockchain architecture. It might have the potential for a revolution in streaming on multiple levels because it is not just based on a scalable and performant blockchain database. It is a co-operative, co-owned by artists, labels and fans alike. Plus, it is pay-as-you-go. No subscriptions. No ads.
From a business point of view I know the obvious failures in streaming are intended to generate mass appeal. In the long term though, you won’t reach the niche audiences in the Long Tail. It is about time to rewire streaming architecture. This must go go right down to the core. Because there is one issue with streaming that doesn’t get the attention it deserves, and it’s more serious than you think. The solution however is more overwhelming than you ever dared to hope. The core of the problem is the catalogue.
I guess there’s hardly any topic in the intersection of economics and technology that’s been discussed more than Blockchain within the last months. No question, there’s a good amount of doubt and fear going with that hype. And there’s looking forward to its open source approach. The Dot Blockchain Project is no road block…
Why is it that Blockchain appears to be the megastar on the roster of newcomers? I mean, look back… it is just about two years that blockchain became an insider’s tip first. For music. For Bitcoin it had been around for some time already then. Today, music conferences are chasing anyone who can spell the…