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ARTICLE · 09 JUNE 2017

The Revolution Will Be Blockchained: Blockchains And The Future Of Digital Music

Gowling WLG
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Some technological revolutions come suddenly, others come slowly, but this one is coming in regimented ten minute updates to a distributed public ledger.

CanadaTechnology
Shawn Duguay
Shawn Duguay
Matthew Estabrooks
Matthew Estabrooks
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Some technological revolutions come suddenly, others come slowly, but this one is coming in regimented ten minute updates to a distributed public ledger. Heralded as the next great step forward for the Internet, blockchain technology is already turning heads in the finance world, [1] and is attracting major investment interest around the globe.[2] While much of the focus on the application of blockchain technology is centred on improving the efficiency of the financial sector, this technology has the potential to disrupt the music industry as well. Blockchain technology has the means to alter some of the foundational aspects of how music is licensed and how artists and songwriters get paid for the content they create.

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