Can the Blockchain Make Recorded Music Profitable Again?

Blockchain

http://www.techradar.com/news/for-its-next-trick-blockchain-plans-on-making-recorded-music-profitable-againIn recent years most discussions of blockchain technology have related to Bitcoin, the digital currency that recently saw its value skyrocket to over $19,000 before plummeting to just over $7,000 at the time of writing.

Enter Choon, a new streaming service co-founded by the DJ Gareth Emery. Choon plans to harness the transparency and record-keeping advantages of blockchain to cut out the middle men and deliver revenue directly to artists.
Read more at techradar.com

This TechRadar article really gives an in-depth overview of how the blockchain can benefit artists and songwriters in the new music industry. I’m not very familiar with Choon, but it’s concept sounds interesting. I just don’t know how many artists would want to get paid in a speculative new cryptocurrency that could lose value quickly in a volatile market such as Bitcoin.

About Carlos Tabora 5 Articles
Carlos Tabora is the creator of The Songwriter Show and is a seasoned marketer with more than 20 years of professional experience. But his passion has always been writing songs. Tabora is also a solo piano artist and Billboard contest award-winning songwriter influenced by Billy Joel, Elton John, Ray Charles, Lionel Ritchie and Jim Brickman.

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