By In a cool study done in South Korea, scientists found out that blockchain, a fancy tech thing, can make music better. It’s like a musical revolution, making sure artists get what they deserve, and everyone enjoys music more.
Key Takeaways:
- The study talks about how blockchain can fix the money part of music. Before, artists didn’t always get the right amount of money for their songs. But now, with blockchain, it’s like a super clear and fair system. Artists get paid directly, and there are no middle people taking a big chunk.
- They also found out about something called “smart contracts.” It’s like magic contracts that follow the rules on their own. Artists can say how much money they want, and the contract makes sure everyone sticks to the plan. This makes things easier and stops fights about money.
- The study shows that it can protect songs from being stolen. It’s like a super lock that says, “This song belongs to this artist!” This helps artists keep their music safe and stops people from using it without asking.
Blockchain is transforming music platforms, eliminating the need for the middle person.
The study talks about new places where artists and fans can hang out together. It’s like a cool club where artists don’t need someone in the middle. Artists can talk directly to fans and share special things. Fans can support their favorite artists, and everyone is happy.
🔗 Exploring the harmony between music and blockchain!
🤔 Researchers at Korea University found mixed views among 16 Korean artists, seeing blockchain as a revenue booster but doubting its practicality.
🎵 What do you think, can Web3 truly revolutionize the music industry?
— Inery (@IneryBlockchain) January 31, 2024
Read more: Blockchain applications in music explored in South Korean study
Final thoughts:
So, the study from South Korea is like a big “wow” moment. Blockchain is like a superhero for music, making things fair and awesome. From making sure artists get their money right to keeping songs safe, it’s changing the music game. Get ready for more great tunes as it makes the music world better for everyone!
