The global pop music industry is evolving to meet the demands of the digital era. Blockchain, as the front-end technology for FinTech (financial technology), strives to the ideal condition of "removing the middleman" status. Music fans and digital content users can utilize Blockchain-enabled cryptocurrencies to purchase and pay directly to the music creator, and then listen to the latest music works offered by the artist via the paid programme. Not only may musicians keep almost all of their revenues, but all data is freely kept on the Blockchain, resulting in an open and transparent creative environment for the Asian pop music business.
In addition to advances in the creative process, Blockchain technologys "decentralization," "immutability," and "encryption security" will considerably improve the popular entertainment industrys contract signing environment. Because it has the potential to speed digital distribution, make it simpler to identify artists and copyright holders, and eliminate contract trust acquired through intermediaries.
App for Musicians (Artists / Talent Agencies)
Maxonrow and National Taiwan Normal University collaborated to build the Blockchain-empowered artist contract management system - 'MusicstArt,' which improves the artist contract lifecycle management and digital performance control from contract signature and implementation through renewals.