FAQ About The Impact of Digital Age on Music Production
What is the role of blockchain technology in the music industry?
Blockchain technology is emerging as a tool to create more transparent and fair mechanisms for music distribution and payment. It can enable decentralized platforms that facilitate direct transactions between artists and fans, potentially increasing artists' revenues and giving them greater control over their work. Additionally, blockchain can aid in creating detailed and immutable records for rights management, ensuring fair royalty distribution across multiple parties.
