Blockchain and music: the revolution that will change the industry forever

Music is one of humanity's oldest and most universal forms of expression. Since time immemorial, humans have created and shared sounds, rhythms and melodies to communicate their emotions, ideas and values. Music is also an industry that moves billions of dollars a year, and involves a large number of actors, from artists and songwriters, to producers, distributors, media and consumers.

However, the music industry is not without its problems and challenges. One of the most serious is the lack of transparency and equity in the distribution of the benefits generated by music. Artists, who are the creators and protagonists of music, usually receive a very small part of the income generated by their work, while the majority remains in the hands of intermediaries, such as record labels, streaming platforms and copyright management entities. In addition, artists have to face piracy, which causes them to lose potential profits and makes it difficult for them to control and protect their work.

What if there was a way to change this situation, and give artists the power and recognition they deserve? What if there was a way to eliminate unnecessary middlemen, and directly connect artists with their fans and followers? What if there was a way to ensure the authenticity, originality and ownership of music, and to prevent plagiarism and illegal copying?

Well, that way exists, and it is called blockchain.

Blockchain is a technology that allows you to create and manage distributed, secure and decentralized databases, where information is stored and verified in an immutable and transparent way. Blockchain is the basis of cryptocurrencies, such as bitcoin, but it also has many other applications in various sectors, such as health, education, logistics and, of course, music.

Blockchain has the potential to revolutionize the music industry, offering a number of advantages and benefits for both artists and listeners. Let's look at some of them:

Copyright verification: Blockchain allows you to register and certify the authorship and ownership of musical works, as well as the terms and conditions of their use and distribution. This prevents plagiarism, falsification and misappropriation of music, and protects the identity and reputation of artists.
Distribution of royalties: Blockchain makes it possible to automate and streamline the payment of copyrights to artists, without depending on intermediaries or centralized entities. In this way, the cost and time of transactions is reduced, and efficiency and equity in the distribution of the benefits generated by music are increased.
Monetization of music: Blockchain allows the creation and marketing of non-fungible tokens (NFT), which are unique and unrepeatable digital assets that represent the ownership and exclusivity of a musical work. In this way, artists can sell their music directly to their fans, without intermediaries, and obtain greater value for their work. Fans, in turn, can securely and verifiably purchase and collect music, and access exclusive content and experiences from their favorite artists.
Interaction between artists and fans: Blockchain allows the creation and management of decentralized communities and social networks, where artists and fans can interact directly, without intermediaries or censorship. In this way, participation, collaboration and user loyalty are encouraged, and a stronger and more authentic bond is created between music creators and consumers.

These are just some of the possibilities that blockchain offers for music, but there are many more. In fact, there are already several platforms and projects that are using this technology to change the rules of the game in the music industry. Some examples are:

Audius: It is a decentralized streaming platform, based on the Solana network, where artists can publish and share their music as NFTs, freely and freely, and interact directly with their fans. Audius has its own token, called AUDIO, which serves to build and sustain a digital economy between users and artists. Audius has more than 6 million users per month, and with world-renowned artists, such as 3LAU, Rezz and Deadmau.

Sound: It is a music distribution and monetization platform, based on the Ethereum network, where artists can create and sell their songs as NFTs, and receive 100% of the revenue. Sound also allows fans to purchase and collect music, and access exclusive rewards and benefits. Sound has its own token, called SOUND, which is used to access and participate in the platform. Sound features artists like Lil Pump, Soulja Boy, and Tory Lanez.

OneOf: It is a platform for creating and selling music as NFT, based on the Tezos network, where artists can offer their works at affordable prices and with a low environmental impact. OneOf also allows fans to purchase and enjoy music, and access unique content and experiences. OneOf has its own token, called ONEOF, which is used to carry out transactions and obtain discounts on the platform. OneOf is supported by Quincy Jones, and with artists such as John Legend, Doja Cat and TLC. 2

As you can see, blockchain and music are a perfect combination, opening up a world of possibilities for artists and listeners. Blockchain offers a solution to the music industry's historic problems, and an opportunity to create a fairer, more transparent and sustainable industry. Blockchain is the revolution that will change music forever.