Interesting Ways In Which The Blockchain Improves The Music Industry - Collaboration And Remixing

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Hello creative minds,

It is another beautiful day and I am happy to come before you all today again to discuss on another very interesting issue of the blockchain technology.

Today, we shall be continuing from our previous discussion of how the blockchain technology has shaped some aspect of the world, but we shall be very specific and discuss in details.

The music industry is growing rapidly with the application of blockchain technology and we shall examine in details how the blockchain technology has improved the music industry.

We shall be explaining in details how the blockchain aids remixing and collaboration in the music industry.

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REMIXING AND COLLABORATION

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Collaboration and remixing are special components of the modern music industry, influencing the way artist produce, interact and create musics.

These practices have helped to reshape the traditional notion of artistic creativity, ownership and audience engagement.

Collaboration in a contemporal music landscape can be explained to be a process whereby multiple artists/producers work unitedly to produce a specific music.

While remixing can be explained to be a process of reimagining a particular music by altering some if it's features, e.g lyrics, beats etc.

In music industry, collaboration most times transcends geographic boundaries, thus allowing artists to work together seamlessly from different part of the world.

Collaboration has been democratozed by digital communication platforms and tools, thus making it possible for artists from different geographical locations to share files, ideas.

Remixing on the other hand has to do with the modification of a new song and giving it a different perspective/idea.

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HOW THE BLOCKCHAIN IMPROVES COLLABORATION AND REMIXING OF THE MUSIC INDUSTRY

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The blockchain helps to enhance remixing and collaboration of the music industry in the following ways.

• TRANSPARENCY AND TRUST:

The transparent nature of the blockchain helps to ensure that artists, producers and collaborators have a clear and verifyable records of contribution to a music.

They have a clear record showing how revenue are made and how money is being spent on a particular music, thus eliminating dispute and building trusts amongst all parties.

• COPYRIGHT PROTECTION:

The blockchain technology helps to enhance copy right protection of content created in the music industry by enabling a time-stamped record of creation, thus improving ownership and originality of content made in the industry.

With the timestamp record of the blockchain, it will be easy to track the rightful owner of a content, thus guaranteeing copy-right protection of a content.

• SMART CONTRACT:

One feature of blockchain technology is the smart contract, and the smart contract of the blockchain technology can help to automate revenue sharing equally amongst all participants involved in the production of a musical content.

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CONCLUSION

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The blockchain technology has really improved the functioning of the music industry just as we have seen.

In our next meeting, we shall learn other ways in which the blockchain technology helps to improve the music industry.