Results for tag: "Blockchain In Digital Rights Management"

The Blockchain in Digital Rights Management (DRM) market, particularly within the music industry, encompasses technological solutions aimed at streamlining and securing the management of intellectual property rights and distribution of digital music content. By integrating blockchain technology, stakeholders in the music industry are able to create a transparent, immutable ledger of ownership and transactions, which can help prevent unauthorized file sharing and ensure that artists and rights holders are fairly compensated for the use of their work. Smart contracts, a key feature of blockchain, automate the execution of agreements based on predefined conditions, facilitating more efficient royalty distribution. This system also potentially enhances collaboration between creators by delineating royalty shares in a clear and unchangeable manner. Additionally, blockchain-based platforms can empower independent artists by providing them with direct access to markets without the need for traditional intermediaries, thus democratizing the distribution and earnings landscape within the music industry. Some companies operating in the blockchain-based digital rights management market for music include Audius, which provides a decentralized platform for audio distribution; Blokur, a company that assists with rights administration using blockchain; and Vezt, which allows fans to invest in the royalties of their favorite artists' music. Show Less Read more