French government discusses DLT, prepares project laws and plans to make country a leading one in crypto sphere. Also, France is going to celebrate the National Music Day on June 21. Let’s look on how distributed ledger technology and music are connected.
What can Blockchain do for music industry?
At first glance, Blockchain is not relevant for music, however, DLT can improve the sphere in a number of ways. First, artists are able to sell their works directly to fans without any intermediate parties. What is also important, there are no data problems anymore – information about music writers is always accessible.
One of the most crucial issues is money distribution – producers and labels who have rights may not determine the fair revenue for performers. DLT smart contracts have the ability to solve it: they can define the amount of money paid to a specific band member or manager. The payments are also secure on blockchain. Transactions between parties are fair and everybody can be sure there will not be any hidden information and lost funds.
Distributed ledger secures musician’s profiles as well – performers can be sure they will not be hacked, and their music will not be stolen. Moreover, crowdfunding becomes easier via token sales which helps young promising musicians entering the industry to get capital for the development of their art projects.
We celebrate the French Music Day!
If music and blockchain are your passions, we are suggesting to celebrate the Music Day together! We have prepared a gift – 50% discount for Blockchain & Bitcoin Conference France tickets!
Ticket price = 300 EUR 150 EUR
The discount is available on June 19, 20, 21.
Don’t miss a chance to use a discount and enjoy the “musical blockchain!”
Buy a ticket for 150 EUR
What can Blockchain do for music industry?
At first glance, Blockchain is not relevant for music, however, DLT can improve the sphere in a number of ways. First, artists are able to sell their works directly to fans without any intermediate parties. What is also important, there are no data problems anymore – information about music writers is always accessible.
One of the most crucial issues is money distribution – producers and labels who have rights may not determine the fair revenue for performers. DLT smart contracts have the ability to solve it: they can define the amount of money paid to a specific band member or manager. The payments are also secure on blockchain. Transactions between parties are fair and everybody can be sure there will not be any hidden information and lost funds.
Distributed ledger secures musician’s profiles as well – performers can be sure they will not be hacked, and their music will not be stolen. Moreover, crowdfunding becomes easier via token sales which helps young promising musicians entering the industry to get capital for the development of their art projects.
We celebrate the French Music Day!
If music and blockchain are your passions, we are suggesting to celebrate the Music Day together! We have prepared a gift – 50% discount for Blockchain & Bitcoin Conference France tickets!
Ticket price = 300 EUR 150 EUR
The discount is available on June 19, 20, 21.
Don’t miss a chance to use a discount and enjoy the “musical blockchain!”
Buy a ticket for 150 EUR
