The networked record industry: how blockchain technology could transform the record industry

Article


O'Dair, M. and Beaven, Z. 2017. The networked record industry: how blockchain technology could transform the record industry. Strategic Change. 26 (5), pp. 471-480. https://doi.org/10.1002/jsc.2147
TypeArticle
TitleThe networked record industry: how blockchain technology could transform the record industry
AuthorsO'Dair, M. and Beaven, Z.
Abstract

Blockchain technology may have transformational potential for those music industries associated with recorded music, and for the sustainability of music careers. While predictions of widespread disintermediation may have been premature, blockchain technology does appear to have the potential to transform the role of third parties and to make musicians’ careers more sustainable. Blockchains could improve the accuracy and availability of copyright data, facilitate near‐instant micropayments for royalties, and significantly improve the transparency of the value chain.

Research GroupMusic group
LanguageEnglish
PublisherWiley
JournalStrategic Change
ISSN1086-1718
Electronic1099-1697
Publication dates
Online21 Sep 2017
Print21 Sep 2017
Publication process dates
Deposited30 Jan 2019
Accepted01 Jan 2017
Output statusPublished
Additional information

Special Issue: The Future of Money and Further Applications of the Blockchain

Digital Object Identifier (DOI)https://doi.org/10.1002/jsc.2147
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