Is #blockchain the Answer for Musicians fed up with the industry?
▻https://hackernoon.com/is-blockchain-the-answer-for-musicians-fed-up-with-the-industry-4226aa8b
Musicians are fed up with how the current industry controls and exploits their #music. That’s why many are flocking to blockchain platforms, with the hope of making the industry more just and transparentBefore the 1990s, record labels tightly controlled all facets of the music industry from musician funding to distribution and even royalty payment collection.This all changed with the rise of the internet and file sharing platforms such as Napster and Limewire, who made music available anywhere, anytime, and to top it all off, for free.The rise of file sharing platforms crippled the record labels control over the music industry because they no longer controlled the distribution networks of new music, nor did they have time to recover as consumers moved on to digital music distribution.The (...)