Using Blockchain technology for regulation and promotion in the music industry

Mobile devices and the Internet have changed how music is broadcast throughout the world. Most countries enforce a royalty payment method via government regulation to ensure that musicians and artists are compensated for the use of their performances. For example, SoundExchange in the United States, collects online broadcast payments through a membership system via three Performance Rights Organizations. Large online radio networks have monetized this valuable content with membership perks and traditional broadcast…