How Blockchain is being used as a solution to solve the music metadata mess

Title

How Blockchain is being used as a solution to solve the music metadata mess

Authors

Kirstin Moffatt

Files

Download Research Paper (.pdf) (2.0 MB)

Abstract

This paper aims to describe the Blockchain and Ethereum technologies and how they are being utilized today by two leading application developers to realize solutions to the metadata mess in the music industry. Blockchain has some of the essential characteristics needed to record the ownership of intellectual property, immutability and ownership consensus which is reached by a majority audience. This topology has paved the way for investors and entrepreneurs to seek solutions in resolving the issue of intellectual rights claims. The paper starts with a short introductory section divulging the genesis of where the music metadata mess all began and it contextualizes Blockchain within the World Wide Web. It is then followed by the first section which presents a literature review that reports the fundamental components of the platforms and is meant for someone who has no prior knowledge of Blockchain. The second section of this paper dives into the topic of music metadata and explores two companies, one sitting on the Blockchain platform and another on the Ethereum platform, through qualitative interviews. Through conducting these interviews, it can be deduced that both these developments are sitting in the early phases of the technological life cycle, with Blockchain slightly ahead of Ethereum. Nonetheless, both of these technologies are sitting in their infancy and have much potential to flourish and to offer great solutions to the music industry.

Publication Date

7-1-2018

Campus

Valencia (Spain) Campus

Comments

Project Components: one research paper.

How Blockchain is being used as a solution to solve the music metadata mess

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