A detailed report by the BCI (Blockchain for Creative Industries) working group based at the Middlesex University (UK) was recently published.
The document looks at projects dedicated to blockchain integration within the industry and questions the barriers to adoption, opportunities and wider implications. Such as:
Is the music industry too fractured and institutionalized to reach a consensus?
Should the emphasis be on standards, data integrity & metadata?
How much appetite and room is there for innovation?
Do the major labels have too much influence and potentially too much to lose with a more transparent system?
We believe that the potential benefits of using the blockchain will prevail but getting to that point could be a very rocky journey. it would be interesting to hear what other Steemers think about it?