Musictech is the new fintech in the music industry
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Abstract (EN)
This thesis examines the transformative impact of blockchain technology on the music industry's royalty payment system. Current challenges of complexity and inefficiency hinder fair compensation for artists. Blockchain offers transparency, decentralization, and immutability as solutions. By enabling direct artist-fan interactions, fair compensation, and new revenue streams, blockchain can democratize the industry, reduce major label dominance, and foster innovation. Despite challenges, further research is needed to fully leverage blockchain's potential. Embracing blockchain can create a transparent, fair, and sustainable music ecosystem.
Author
Fatıma Zahra Benabbou
Institution
How to Cite
Fatıma Zahra Benabbou (Master Thesis). Musictech is the new fintech in the music industry, 2023, Bahçeşehir University.
License
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