#blockchain — A Musician’s best friend?
▻https://hackernoon.com/blockchain-a-musicians-best-friend-8ea9ad1621b4?source=rss----3a8144eabf
Musicians for the past couple of decades, have seen a huge decline in their net revenue from album sales, the most basic reason for the same have been the high constituting margins of record companies and production houses.This disrupted the state of #musicians throughout the world, leaving them with striking low income for their talent.While there have been numerable amounts of attempts to lower the existence of such middlemen none have achieved a margin higher than 20 percent to the musicians.In 1999, Napster a company launched with the aim to create an environment to directly connect the fans with the musicians by use of a real time peer-to-peer file sharing system had given the world the first blood. Napster was later shut down due to alleged copyright infringements as well as a (...)