Today sees the publication of a report on blockchain, led by my Middlesex University colleague Marcus O’Dair, and featuring contributions from myself, Zuleika Beaven, David Neilsen, Paul Pacifico from the Featured Artists Coalition and - yes - Nick Mason of Pink Floyd.
There has been much hype about blockchain over the past year. It has been argued that this technology will ‘save’ or ‘revolutionize’ the music industry. Our report highlights four areas in which blockchain could have transformative potential:
1. As a networked database for music copyright information
2. Facilitating fast, frictionless royalty payments
3. Offering transparency through the value chain
4. Providing access to alternative sources of capital
It can be read in full here.