Could bitcoin save the music industry? - page 2.

Marshall14

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Quote from: thatguyrob on June 13, 2014, 04:41:24 PM

[snip]

This is a rather off suggestion,and I doubt how useful the blockchain technology would be to the Music Industry..

It should be possible to store some data about an artist or transactions carried out as maybe payment for a show or a performance,but storing the actual recording on the blockchain technology sounds so unfamiliar and unnecessary..

If this should be adopted I'll love to see how it'll be put into effect

kelaxo76r

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The changelessness and "trustless" nature of the blockchain implies that it tends to be utilized in occasions where record-keeping and auditable information is critical, including information about who claims what resources, for example, music and motion pictures. As far as changing it goes, Im not sure but it will definitely cause a significant impact.

Vladislav2306

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I think it could be realised. Altcoins fit for this goal much better then bitcoin. Implementation of this technology can raise the market to the sky.

badungs

sr. member

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in my opinion it can happen. the music industry can use crypto currency as a digital payment tool when we want to buy or subscribe to digital music via a smartphone. or the music industry can accept crypto currency when they sell a song album. and the music industry can work together with one of the crypto currencies to benefit each other.

SventraPapere

full member

Activity: 410

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Look, this is a great idea!We urgently need to create a musical coin based on the blockchain and negotiate with DJs ,singers and musicians on this issue.This will bring both music and cryptocurrency to a new level.There's so much music in the world now!!!!And every day it creates a new one,its storage takes a lot of space and opportunities.You can also enter a system of payment and payments for all types of musical services based on the blockchain.

Screamshot

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FUTURE OF SECURITY TOKENS

I think the idea is nice and futuristic. With the high rise of piracy and idea theft the blockchain technology offers some sort of aid in protecting once ideas and identity and also content can also be sold

kopijos

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Activity: 523

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Quote from: thatguyrob on June 13, 2014, 04:41:24 PM

I was wondering if it would be possible to store music on the blockchain the same way the ledger is stored? Then you could sell private keys that give a program access to the data so that the music can be streamed directly from the blockchain? Is this kind of thing possible with bitcoin or another alt-coin in the future? Because this would have positive impact on the music industry as well as any other industry that are having issues with piracy. I'm just trying to stay informed about the potential impact of this technology.

it might be used as a good thing, because the connection between music and bitcoin can limit piracy. and this is an action that might be possible. because as far as I know, I have a lot of music concept, so I think it can be connected so that it can be a positive impact of bitcoin.

SnapDown22

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I think there is no connection with the music industry and I am not happy that we are used by the music industry because there is no connection and the relationship is absolutely the same with bitcoin technology

Elqui

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Of course it can be saved by bitcoin as long as bitcoin will give focus to music industry. There are surely a lot that bitcoin can do especially to music industry.

tonyvo2017

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Lifestyle & Wellness Platform

Quote from: thatguyrob on June 13, 2014, 04:41:24 PM

I was wondering if it would be possible to store music on the blockchain the same way the ledger is stored? Then you could sell private keys that give a program access to the data so that the music can be streamed directly from the blockchain? Is this kind of thing possible with bitcoin or another alt-coin in the future? Because this would have positive impact on the music industry as well as any other industry that are having issues with piracy. I'm just trying to stay informed about the potential impact of this technology.

I think you can do an ICO on this issue because it's very potential. It also makes btc or other altcoins known. Many people in the world love music, they will care about it. And with music lovers they will not be afraid to pay for a good song

dupee419

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Quote from: vickycoin05 on November 01, 2018, 08:11:09 AM

Quote from: Amevalentine on October 23, 2018, 11:30:45 AM

Quote from: Cenenigo on June 23, 2014, 02:38:54 AM

Bitcoin is to the financial industry what BitTorrent is to the music industry

I don't know about this but I feel this is profitable and has nothing to lose and I think the music industry if combined with bitcoin will use an advantage

Saving the music industry is another huge thing but I know some projects in the crypto market involved in music, they are developing some projects that enhanced good music qualities, other is like an application that you can download all the music you want to download. Probably this can help to make the music industry lively.

There are ICOs that have plans on bringing back the music industry, can someone atleast enlighten me on what ICO it is, I was skimming through then I saw it, unfortunately I was not able to remember the name, and I think it is a good idea.

carlisle1

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Quote from: Gianluca95 on June 13, 2014, 06:56:52 PM

No, bitcoin don't have all of this power !

If we want to save music industry, we mustn't download music from internet Grin

so what you mean here is?we will be back oldschool using cartridges?😂😂😂

And for OPs question,i guess if not bitcoin can manage to save music,maybe in future altcoins can do such,remember in technology there is no impossible,unless you want to bring life from the dead lol

Wingleness

jr. member

Activity: 458

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Quote from: thatguyrob on June 13, 2014, 04:41:24 PM

I was wondering if it would be possible to store music on the blockchain the same way the ledger is stored? Then you could sell private keys that give a program access to the data so that the music can be streamed directly from the blockchain? Is this kind of thing possible with bitcoin or another alt-coin in the future? Because this would have positive impact on the music industry as well as any other industry that are having issues with piracy. I'm just trying to stay informed about the potential impact of this technology.

Yes I feel it can be applied in the music industry. Licensing, Contracts and Deals can be store on the blockchain as we as Smart Contracts to be released when some certain criteria are met (based on terrms and conditions).

sinkfish

jr. member

Activity: 252

Merit: 1

Quote from: thatguyrob on June 13, 2014, 04:41:24 PM

I was wondering if it would be possible to store music on the blockchain the same way the ledger is stored? Then you could sell private keys that give a program access to the data so that the music can be streamed directly from the blockchain? Is this kind of thing possible with bitcoin or another alt-coin in the future? Because this would have positive impact on the music industry as well as any other industry that are having issues with piracy. I'm just trying to stay informed about the potential impact of this technology.

hardly will do. but blockchain does. in fact it is already have. some artist already put their work on blockchain.

Danish Mohiuddin

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Activity: 155

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The transformation of the music industry over the past twenty years has been enormously innovative yet challenging. Today, A music lover have easier access to more music than ever before, the unnumerable quantity of available options makes streaming services even more beneficial. It seems logical to assume that musicians themselves would have more fruitful returns as the digital market continues to expand at a rapid rate, and capital continues to flow into the digital music industry. In reality, however, the disbalance of the profit distribution structure, the existence of multiple middlemen, and outstanding issues of piracy continue to deny artists their fair share. They are receiving a historically low percentage of total revenue, typically from 10% to 20% of consumers’ payments. While platforms, major labels, distributors, and publishers may benefit from the digital transformation, artists are still not justly compensated for their creations. To sustain the growth in the digital music market, this chasm in terms of compensation between artist and middlemen should be filled.

sawree6

newbie

Activity: 25

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The problem lies in the fact that with each new intermediary musician receives fewer and fewer profits. The number of intermediaries makes complicated music industry even more difficult. The industry includes performance rights organizations, record producers, studios, agents, distributors, etc. Everybody receives fees and musician in the last turn. The blockchain is capable to eliminate all those intermediaries. Blockchain can become a new platform for artists in all spheres (writers, painters, musicians, etc) which will help them to get well-deserved profit and protect their authorship. In particular, smart-contracts can reduce the difficulties of the industry and the importance of the major labels.

vickycoin05

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Activity: 532

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Quote from: Amevalentine on October 23, 2018, 11:30:45 AM

Quote from: Cenenigo on June 23, 2014, 02:38:54 AM

Bitcoin is to the financial industry what BitTorrent is to the music industry

I don't know about this but I feel this is profitable and has nothing to lose and I think the music industry if combined with bitcoin will use an advantage

Saving the music industry is another huge thing but I know some projects in the crypto market involved in music, they are developing some projects that enhanced good music qualities, other is like an application that you can download all the music you want to download. Probably this can help to make the music industry lively.

kwakgyimah

jr. member

Activity: 98

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Quote from: celot on October 22, 2018, 05:23:53 AM

Everything could save by bitcoin, not only the music project could save by bitcoin but also all of project in the world could save by bitcoin, when you use bitcoin as your transaction you save your money for your future investment.

Bitcoin can help many issues in the life especially. Music is an essential aspect of human life but I don’t see how we would apply bitcoin in the music industry to save it. I believe we can apply blockchain technology in many aspects in the music industry in terms of distribution and sales of music in the digital market.

Christopher_Hayes

newbie

Activity: 68

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Why does everything have to be moved to blockchain? Is the current world situation really that bad that blockchain needs to save it? I have nothing against the blockchain technology, obviously, but I think not everything should be in blockchain. Besides, what's wrong with using iTunes or Spotify anyway?

Amevalentine

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Activity: 826

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Quote from: Cenenigo on June 23, 2014, 02:38:54 AM

Bitcoin is to the financial industry what BitTorrent is to the music industry

I don't know about this but I feel this is profitable and has nothing to lose and I think the music industry if combined with bitcoin will use an advantage

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