Blockchain Technology Could Help Bring about a Music Revolution

Musicians are turning their attention to the power of blockchain as a way of generating more revenue in an industry that is experiencing a decline in shares.

According to the British Phonographic Industry (BPI), 2015 saw music sales rise by 3.7% driven by the fact that streaming grew by a massive 82%; however, despite this, revenue increases only grew by a tiny 0.6%.

Unsurprisingly, the music industry is keen to shake things up ensuring that musicians receive the money they are entitled to for music sales. What, though, could help to revolutionize the music industry?

Enter blockchain.

Source: CCN

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