Can the Blockchain Make Recorded Music Profitable Again?

Blockchain 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.

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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