Blockchain Technology in Music Industry Blockchain Technology in Music Industry | Página 5

No matter, in which formatting, wordings or styles the ownership is designed, blockchain technology
completely rules out the complexity in establishing the ownership. It brings in a standardized way to state
your authenticity in the property.
Later in future, if any discrepancies arise, the same blockchain can be utilized to trace the history of
property rights or ownership. Blockchain’s smart contracts are robust to hold complex agreements. Until
the desired set of conditions are met, the smart contract remains stubborn and incredibly hard to alter.
Thus one need not worry about the fakery of documentations and other fraudulent practices.
Fair Payment to Artists
A craftsman's music is typically distributed and sold on various stages. On account of this, there is
generally no clear record of how much cash is made out of one music deal. This often results in confusion
and unwanted disparities between musicians and other associates whining that they are not been
genuinely paid for their work.