{"id":9307,"date":"2023-05-27T22:10:52","date_gmt":"2023-05-27T22:10:52","guid":{"rendered":"https:\/\/www.bitnovo.com\/blog\/?p=9307"},"modified":"2022-05-16T15:42:46","modified_gmt":"2022-05-16T15:42:46","slug":"blockchain-revolutionizing-music-industry","status":"publish","type":"post","link":"https:\/\/www.bitnovo.com\/blog\/en\/blockchain-revolutionizing-music-industry","title":{"rendered":"Why Blockchain is revolutionizing music?"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-transparent ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Alternar tabla de contenidos\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #ffffff;color:#ffffff\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #ffffff;color:#ffffff\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/blockchain-revolutionizing-music-industry\/#blockchain_and_music_a_big_change_for_the_industry\" >Blockchain and Music: a big change for the industry<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/blockchain-revolutionizing-music-industry\/#music_platforms_that_use_blockchain\" >Music platforms that use blockchain<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Tiempo de lectura:<\/span> <span class=\"rt-time\"> 2<\/span> <span class=\"rt-label rt-postfix\">minutos<\/span><\/span><div id=\"row-1373397233\" class=\"row\">\n<div class=\"col small-12 large-12\">\n<div class=\"col-inner\">\n<p>The music industry has been evolving very fast since the rise of the internet but the way of marketing and distributing songs has not changed much. Until now, record labels or online platforms were the ones that kept most of the artists\u2019 rights and royalties. But this is changing\u2026\u00a0 Find out why Blockchain is revolutionizing music.<\/p>\n<p>In a nutshell,\u00a0<b>Blockchain is a registry where information is written and distributed to all the computers that want to have access and control over that data.<\/b>\u00a0This favors transparency and fraud is avoided.<\/p>\n<p>If you still don\u2019t know too much about Blockchain technology, it\u2019s time for you to discover\u00a0<a href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-blockchain-and-how-does-it-work\/\">what is blockchain and how does it work<\/a>.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div id=\"row-1494032300\" class=\"row\">\n<div class=\"col small-12 large-12\">\n<div class=\"col-inner\">\n<h2><span class=\"ez-toc-section\" id=\"blockchain_and_music_a_big_change_for_the_industry\"><\/span>Blockchain and Music: a big change for the industry<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Imagine that you are a musical composer and from a panel you can access absolutely all the places where your song is being consumed in real time.<\/p>\n<div id=\"image_54253590\" class=\"img has-hover x md-x lg-x y md-y lg-y\">\n<div class=\"img-inner dark\"><img fetchpriority=\"high\" decoding=\"async\" class=\"attachment-large size-large ls-is-cached lazyloaded\" src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/02\/controlmap.jpg\" sizes=\"(max-width: 768px) 100vw, 768px\" srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/02\/controlmap.jpg 768w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/02\/controlmap-300x185.jpg 300w\" alt=\"lockchain est\u00e1 revolucionando la m\u00fasica Bitnovo\" width=\"768\" height=\"473\" data-srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/02\/controlmap.jpg 768w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/02\/controlmap-300x185.jpg 300w\" data-src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/02\/controlmap.jpg\" data-sizes=\"(max-width: 768px) 100vw, 768px\" \/><\/div>\n<\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<p>At this moment you do not know where your music is consumed or who is listening to it. And most importantly:\u00a0<b>all that data that should belong to you as a creator, belongs to several intermediaries and you do not have access to it.<\/b><\/p>\n<p><b>The goal of using blockchain technology in the music industry is to simplify the way copyright is identified\u00a0<\/b>to allow any musician to be appropriately rewarded for the content he produces.<\/p>\n<p>Platforms like YouTube or Spotify monopolize a large amount of musical content and have been accused on several occasions of unfairly compensation. Complaints focus on the fact that these platforms pay royalties mainly to record labels and not directly to composers, musicians or performers.<\/p>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div id=\"image_1604803791\" class=\"img has-hover x md-x lg-x y md-y lg-y\">\n<div class=\"img-inner dark\"><img decoding=\"async\" class=\"attachment-original size-original ls-is-cached lazyloaded\" src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/02\/PayPerStream-EN.jpg\" sizes=\"(max-width: 461px) 100vw, 461px\" srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/02\/PayPerStream-EN.jpg 461w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/02\/PayPerStream-EN-300x167.jpg 300w\" alt=\"Pago por reproducci\u00f3n plataformas Bitnovo\" width=\"461\" height=\"256\" data-srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/02\/PayPerStream-EN.jpg 461w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/02\/PayPerStream-EN-300x167.jpg 300w\" data-src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/02\/PayPerStream-EN.jpg\" data-sizes=\"(max-width: 461px) 100vw, 461px\" \/><\/div>\n<\/div>\n<p>Bar graph detailing how much money each music platform pays per stream.<\/p>\n<p>Blockchain technology enables musicians to bypass many of the intermediaries, allowing them\u00a0<b>to distribute their music independently without losing money\u00a0<\/b>and, at the same time, protecting their artwork.<\/p>\n<\/div>\n<\/div>\n<div class=\"col small-12 large-12\">\n<div class=\"col-inner\">\n<h3><span class=\"ez-toc-section\" id=\"music_platforms_that_use_blockchain\"><\/span>Music platforms that use blockchain<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Some of the platforms and tools developed with the aim of helping artists receive fairer compensation are:<\/p>\n<ul>\n<li><a href=\"https:\/\/emanate.live\/home\" rel=\"\u201dnofollow\u201d\">Emanate<\/a><\/li>\n<\/ul>\n<p>This platform rewards each artist instantly for each reproduction through EMT Token. This token can be exchanged for dollars or other fiat currencies.<\/p>\n<ul>\n<li><a href=\"https:\/\/musicoin.org\/musicians\" rel=\"\u201dnofollow\u201d\">Musicoin<\/a><\/li>\n<\/ul>\n<p>This platform aims to offer the fairest compensation for each artist, favoring the use of smart contracts to ensure transparency of terms and licenses.<\/p>\n<ul>\n<li><a href=\"https:\/\/anotemusic.com\/\" rel=\"\u201dnofollow\u201d\">AnoteMusic<\/a><\/li>\n<\/ul>\n<p>Launched on July 2020 the aim of this project is to be a bridge between investors and owners of music rights.<\/p>\n<p>While there is no decentralized platform considered as a benchmark yet, as Spotify is among centralized platforms, we hope that the future will bring new developments in this area to improve options for artists.<\/p>\n<p>If you want to learn more about the crypto world you can continue browsing\u00a0<a href=\"https:\/\/www.bitnovo.com\/blog\/en\/\">bitnovo blog<\/a>\u00a0where you will find very interesting and updated information.<\/p>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p><span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Tiempo de lectura:<\/span> <span class=\"rt-time\"> 2<\/span> <span class=\"rt-label rt-postfix\">minutos<\/span><\/span>The music industry has been evolving very fast since the rise of the internet but the way of marketing and distributing songs has not changed much. Until now, record labels or online platforms were the ones that kept most of the artists\u2019 rights and royalties. But this is changing\u2026\u00a0 Find out why Blockchain is revolutionizing [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":9308,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[185],"tags":[],"class_list":["post-9307","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-en"],"_links":{"self":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts\/9307","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/comments?post=9307"}],"version-history":[{"count":0,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts\/9307\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/media\/9308"}],"wp:attachment":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/media?parent=9307"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/categories?post=9307"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/tags?post=9307"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}