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Found this article about how the blockchain technology could change the music industry in the future --> https://media.consensys.net/how-will-ethereum-revolutionize-the-music-industry-watch-ujo-break-it-down-63f7503368fb
What do you think? Could this work?We believe the biggest problem in the music industry is that artists give too much away for too little. Ownership in works and recordings are given to publishers and labels in exchange for a quick advance and increasingly less return. These large conglomerates use closed systems for identifying artists and works, obscuring their payment streams. As more and more music is created, the artist’s identity is spread thinly across the web. Artists have lost control in the digital age.
Using the Ethereum blockchain, Ujo Music returns control over artistic identity back to the artist.
Ujo Music provides a digital container where artists can store all of their digital assets. Ujo Artists will have creative control of an elegant artist page where they can deliver an ideal fan experience for their content. All content uploaded on Ujo is tied directly to an artist’s identity, proving their ownership, and third parties wishing to utilize this content can license and pay the artist directly without any intermediary being involved. Unlike existing music platforms on the web, Ujo does not own or control any of the content uploaded. Users are free to bring their ‘guitar case’ wherever they want on the publicly owned network.