17 Apr '15, 4pm

Musicians + Bits + Blocks?: How the technology that powers Bitcoin might reshape the music industry.

Musicians + Bits + Blocks?: How the technology that powers Bitcoin might reshape the music industry.

With all of these moments in mind, we’re really excited about disruption that block chains could cause in the music industry. Three of the five areas we previously identified show up strongly here: Peer-to-Peer Exchanges  — Block chains can enable connections directly between artists and listeners (or, more generally, creators and consumers). They can enable exchanges of value beyond just money for goods. For example, fans can provide their expertise or services in exchange for a split of future revenue. We’re curious: What sorts of micro-jobs will people start doing for the bands they love? Where will new jobs or roles emerge because of these new capabilities? Digital Scarcity  — This might be the biggest deal for the music industry — bringing back the notion of limited edition. Musicians could control how scarce or ubiquitous they want their music to be. For example, Rif...

Full article: https://medium.com/humanizing-bitcoin-blockchain/musician...

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