Blockchain Technology in Music Industry Blockchain Technology in Music Industry | Page 7

Cutting Out Third-Parties: Distributors
Blockchain innovation could likewise weaken the hold that music organizations have over the distribution
of music. Or say blockchain technology keeps the potentiality to completely evade the necessity of
distribution companies. One of the unique selling points of blockchain innovation is the elimination of
third parties, and music industry is no exception from this.
Coming to the music industry, blockchain technology can bring artists and fans altogether closer, opening
new doors of micropayments. Blockchain technology in music industry can enable listeners/ audience to
pay micropayments to artists for tuning their songs. Thus the role of third-parties (distributors) can be
completely overruled. This is something like content marketing, where readers pay a certain sum to read
the particular article.
To conclude, blockchain in music industry may not solve all disparities in the music business, however,
can strengthen few processes and establish a platform of trust and reliability, making music business
more profitable.