Decentralization Dilemma: Unpacking Blockchain's Broken Promises to Musicians

[thomashop]

https://bequietmusic.com/bachelor-thesis-distributed-ledger-technology-applications-in-the-recorded-music-industry-analysis-of-fairness-and-transparency/

[thomashop]

Idea:

Use blockchain to make the music industry fairer for artists by ditching intermediaries.

Reality: out of 34 music blockchain projects analyzed, over 30 fail to

- Significantly benefit artists.

- Escape centralization or scams.

Issues:

- Incomplete decentralization brings back intermediary-like controls.

- Technical problems, like scaling blockchain for massive music data, remain unsolved.

- Legal complexities around music rights aren't easily blockchain-able.