TY - GEN AB - The purpose of this Note is to provide an in-depth analysis of the problems the music industry is facing in order to demonstrate why applying blockchain technology is an insufficient resolution. The Note will also propose two alternative recommendations and argue for adopting those blueprints instead. The Note unfolds in three parts. Part I examines the ongoing struggles of the music business and its failed attempts to remedy them. Part II provides a primer for blockchain technology, featuring a discussion of emerging use cases, and evaluates whether implementing blockchain technology is a viable solution for the music industry. The final portion offers two proposals prescribing more suitable measures Congress can undertake and explores the only possible value that the industry can currently extrapolate from blockchains: tokenization. AU - Wishnia, Jaclyn ID - 42007 KW - Blockchain technology KW - Music industry KW - Digital KW - Digitization KW - Rights management KW - Royalty KW - Tokenization LA - eng LK - http://www.cardozoaelj.com/wp-content/uploads/2011/02/WISHNIA_NOTE.pdf N2 - The purpose of this Note is to provide an in-depth analysis of the problems the music industry is facing in order to demonstrate why applying blockchain technology is an insufficient resolution. The Note will also propose two alternative recommendations and argue for adopting those blueprints instead. The Note unfolds in three parts. Part I examines the ongoing struggles of the music business and its failed attempts to remedy them. Part II provides a primer for blockchain technology, featuring a discussion of emerging use cases, and evaluates whether implementing blockchain technology is a viable solution for the music industry. The final portion offers two proposals prescribing more suitable measures Congress can undertake and explores the only possible value that the industry can currently extrapolate from blockchains: tokenization. SN - 0736-7694 T1 - Blockchain Technology :The Blueprint For Rebuilding The Music Industry? TI - Blockchain Technology :The Blueprint For Rebuilding The Music Industry? UR - http://www.cardozoaelj.com/wp-content/uploads/2011/02/WISHNIA_NOTE.pdf ER -