The last great disruption in the music industry was kicked off by Napster, and made mainstream with the launch of iTunes. Everything since has just tried to make online streaming more user-friendly. Spotify, Pandora, Apple Music, Google Play Music, the only real difference between these incumbents is their user experience and pricing models. Blockchain is poised to completely disrupt the music industry by reinventing revenue models, empowering artists to receive payments independently, and creating micro-investment models that will incentivize big labels to back smaller bands.
In this interview, Stephen Brett and I talk about why the music industry is so well suited for blockchain solutions, and how blockchain and cryptocurrency are going to reshape the way we do music. Since music is a universal interest across borders, class, and culture, it's one of the most diverse industries and therefore a hotbed for testing this nascent technology. If you work in the music industry or are an enthusiastic listener who cares about the future of music artists, definitely check out this episode!
What you will learn in this episode:
- How the music industry will be disrupted by blockchain technology.
- How your small label can leverage blockchain to stay competitive.
- Why artists are flocking to blockchain and cryptocurrency solutions.
Stephen Brett: @SteveInMusik
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