Why #blockchain Might not be the Perfect Technology for the #music Industry
▻https://hackernoon.com/why-blockchain-might-not-be-the-perfect-technology-for-the-music-industr
Music is great, we all love it. So why don’t we want the best for the artists we spend so much time listening to? Sure, we may feel that we’re supporting them when we listen to the “Shape of You” on repeat through Spotify, but consider the fact that each play earns Ed Sheeran only a fraction of a fraction of a dollar. Many people tend to believe that the blockchain is the solution, but the technology fueling the majority of cryptocurrencies may be too slow and the transaction fees may be too heavy for the music industry, which begs the question: What type of distributed ledger technology could be the key to a music industry makeover?Compact discs (and how far we haven’t come)CDs changed the face of music by making it more accessible than ever before, and streaming did the same thing a (...)