How Blockchain is Leveling the Playing Field for Independent Artists

Anyone familiar with the music industry knows there are copyright and royalty payment systems enforced in most countries through government regulation. This is to ensure musicians and artists are compensated for the use of their performances.

For an artist to benefit from these royalty regimes they must be a member of a recognized rights performance organization (for example, SOCAN in Canada and SoundExchange in the United States, which collects online broadcast payments through a membership system for multiple performance rights organizations). To offset the costs associated with these payments to artists, large online radio networks that broadcast music have monetized content using subscription systems, membership perks and traditional broadcast advertising.

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