On March 3, 2017, an international workshop on “The Blockchained Music Business” was organized by the Department of Cultural Management and Gender Studies (IKM) of the University of Music and Performing Arts Vienna and the Music Information Center Austria (MICA). Carlotta De Ninni (Mycelia for Music Foundation, London), Peter Jenner (Sincere Management, London) and Benji Rogers (PledgeMusic & Dot Blockchain Music, New York) were the workshop supervisors focusing on different aspects of the blockchain technology’s impact on the music business. In the second part of the workshop’s summary, we focus on the discussion of the workshop-group on the impact of blockchain technology on the music industry’s intermediaries that was supervised by Benji Rogers (PledgeMusic & Dot Blockchain Music, New York).
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Tags: Benji Rogers, blockchain, collecting societies, cutting out the middlemen, disintermediation, Dot Blockchain Music, fairness, intermediaries, music distributors, music managers, music publishers, Performing Rights Association, PRO, record labels, recorded music companies, transparency
Tags: Benji Rogers, bitcoin, Bittunes, blockchain, Blockchain Revolution, Carlotta de Ninni, distributed ledger, Dot Blockchain Music, Ethereum, Global Repertoire Database, Imogen Heap, International Music Registry, P2P, PeerTracks, Peter Jenner, Tiny Human, Ujomusic
When the Economist article “The Trust Machine. The Promise of the Blockchain” was published in October 2015, a broader audience beyond the bitcoin community has become interested in the disruptive potential of the cryptocurrency’s technology. Meanwhile, further articles on the blockchain have appeared in the main press and Don & Alex Tapscott published “Blockchain Revolution” (2016), which highlights in detail the (revolutionary) impact of blockchain technology on the music business in chapter 9. We also discussed the relevance of the blockchain for the music business with the Blogchain-Hub founder Shermin Voshmgir in a music business research jour-fixe in Vienna on June 20, 2016.
On March 3, 2017, Carlotta de Ninni (Mycelia for Music Foundation, London), Peter Jenner (Sincere Management, London) and Benji Rogers (PledgeMusic and Dot Blockchain Music, New York) will supervise the international workshop “The Blockchained Music Business” at the Department of Cultural Management and Gender Studies (IKM) of the University of Music and Performing Arts Vienna. After the workshop(16:30-18:00) our guests will discuss the opportunities and challenges of blockchain technology for the music business in a public panel discussion in the Large Conference room of IKM (Anton-von-Webern Platz 1, 1030 Vienna).
In the following, I’m going to explain the fundamentals of blockchain technology and I outline its opportunities and challenges of the blockchain for the music business.