Blockchain Technology : The Blueprint For Rebuilding The Music Industry?

Blockchain Technology : The Blueprint For Rebuilding The Music Industry?

Journal article

33 pages

0736-7694

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.

Published in : Cardozo Arts & Entertainment Law, vol. 37, no. 1 (2019)

[New York City, New York] : Yeshiva University Benjamin N. Cardozo School of Law, 2019.

eng