djm34, for the publishers, maybe (likely not) but in no way can it be considered bad for the artists themselves. If anything it gives the artists far more leverage to use their fanbase to push the labels

it also takes up to 9 months for an artists to receive payments. Automation and blockchain can help speed that up significantly.

Plus by using encryption and access token we can ensure the wishes of the artists/labels are maintained. A contract doesnt have to be open to the public,only if they want it to be.