Music Copyright


Work Details

Determining such basic information as who owns a recording can be herculean task. The lack of transparency and a central database that organizes information about music has created major hurdles when trying to license a song, determining rights owners, and paying the right parties on time. Blockchain helps solve these problems. Legal ownership of a piece of music can be recorded into the Blockchain database, which will be immutable, easily verifiable and indisputable. Transferring and trading of music copyrights becomes easier through Blockchain. Smart contract allow automatic and instantaneous payments to relevant parties, or expiring a copyright after pre-designated amount of time.