I was just having a thought of the music industry earlier and I thought of how royalty owners can sell their license and get paid for using their music or tune, it could be easier if we have a dApp for it.
So the identity of the ownership is stored in the blockchain, and be traded.
Make it a short tune or a full song, these royalties can be monetized by digitalizing its license on the blockchain.
I believe we can set a unique ID to a song and bind this to the Artist's unique ID as the owner of the song. Anyone who wishes to buy the license can then execute at the dAppstore to obtain the permission to use on their video/presentation.
I feel that the music industry in blockchain is still untouched hence the potential of this market is huge!
I was just having a thought of the music industry earlier and I thought of how royalty owners can sell their license and get paid for using their music or tune, it could be easier if we have a dApp for it.
So the identity of the ownership is stored in the blockchain, and be traded.
Make it a short tune or a full song, these royalties can be monetized by digitalizing its license on the blockchain.
I believe we can set a unique ID to a song and bind this to the Artist's unique ID as the owner of the song. Anyone who wishes to buy the license can then execute at the dAppstore to obtain the permission to use on their video/presentation.
I feel that the music industry in blockchain is still untouched hence the potential of this market is huge!