Blockchain Technology in Music Industry Blockchain Technology in Music Industry | Page 6

Now apart from singers and musicians, there are also other prominent figures in music industry
complaining the same. Studies show that music scam is largely taking place in and around our place.
While music studios sell the work for a huge sum, the performers are made to shut their mouths with
just 12% of the income made in the total business. And it is much deplorable the state of instrument
players and other coordinates in the music industry.
However, with Blockchain innovation, this uneven payment can be put to stop. Blockchain technology in
music can defeat all discrepancies via tracking all deals crosswise over organization stages, giving an
evidence-based insight into how much a melody or a collection made.
By being noticeable on a blockchain, the data will be open for every one of those included (blockchain
participants), be it the artists or others. They will get to know, how much money they made in total from
a single deal, also who holds what and others.