Blockchain Technology in Music Industry Blockchain Technology in Music Industry | Page 8

Music companies that already use blockchain include Mycelia, Musicoin, Mediacoin, Ujo. However, one
of the greatest organization, that fully utilized the potentiality of blockchain in music industry is Spotify.
The company turned themselves so huge that at one point it was worth more than the whole U.S. music
industry, with a valuation of $8.4 billion in 2017. In 2017, TechCrunch detailed that Spotify obtained
blockchain startup Mediachain.