Blockchain

The Blockchain and the Music Business

7music-blockchain

How many reading this know what the blockchain is? It’s a relatively new term, but one that doesn’t look like it’s going away anytime soon. Mostly associated with bitcoin – a cryptocurrency founded in 2009, its arms are long reaching and still in the process of what potentially could be never-ending. How is the blockchain set up to impact the music industry?

Vulnerable to hackers, re-sellers, tech pirates, unfair revenue sharing and general chaos, the music industry needs a towing service to haul away all the problems intrinsic to the game. The blockchain just might be an answer.

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