Could you explain how the blockchain as an open and authoritative ledger would conceptually work in these cases, and how it would have advantage over the existing technologies? I mean anything beyond just paying someone for something. Let's take, for example, music...
What would the blockchain technology change in this field?
Hypothetically speaking and loosely thought out:
Content creator creates content,
tokenizes the content, claims ownership on the blockchain, distributes the content via a smart contract, and token holders can then receive commission for each published transaction.....( Example:
https://singulardtv.com/ ) The advantages of something along these lines is that it would decrease copyright litigation, would promote parallel distribution, and not be controlled by centralized organizations
In other words, you suggest using the blockchain technology for establishing the copyright of the author, right? If so, just think how clumsy and awkward that would be purely on technical grounds. Say, a digitized high-quality song would have size around ~100M (I don't really know what size it will be, just making a guess), and then it should be distributed across the blockchain network? And who would run the network nodes, and what would happen if they got shut off?
I think there are by far easier ways to confirm the intellectual property rights, something like patenting, first performance or publishing, etc