Berklee College of Music and Rethink Music – Bitcoin and the Music Business
If you enjoyed part one and two (part three coming soon) of my series “Bitcoin, BlockChain and the Music Industry” you should read the latest from Berklee College of Music and Rethink Music, “Fair Music: Transparency And Money Flows In The Music Industry.”
Most of you know I am a big believer in the ability of the BlockChain/Bitcoin to solve many of the problems facing the music industry. (Case in point: I’m an active member of the Bisantyum group, and I work with those guys to try and bring these solutions to the public.)
Here is a small taste of the report:
“In addition to the aforementioned benefits, a compre- hensive, accurate database of music rights ownership information would provide a platform for new technologies to be applied in potentially game-changing ways. We encourage the investigation of the use of emerging crypto-currencies, such as Bitcoin, and their underlying technology, Blockchain, as new royalty-distribution mechanisms for the music industry.”