Guest post by Sean Fast of MLG Blockchain Consulting A lot has been made in recent years about remix culture, about what percentage of royalties should go to sample originators and how this money will be distributed. Royalty sums are always ambiguous because licensing decisions are made after the fact.
Often, a sample is taken or a riff ripped off and put into a new song, the song becomes a hit, and the hit sells millions. Then the artist behind the original will sue for a proportionally giant sum, knowing it’ll settle out of court for a fraction of what they were asking.
If preordained licensing rights were commonplace, the music industry could stop its attractive civil trials and create a breeding ground for creativity where artists, informed of standardized legal procedures, can breathe easy. As a data-neutral network, there is no cap on the type of information users can store with blockchain.
Its capacity as a decentralized data warehouse is perfect for a company like Tron that seeks to marry multiple entertainment avenues into a smoothly functioning content-ecosystem. Read more from hypebot.com…
thumbnail courtesy of hypebot.com