How the Music Industry Can Benefit from Blockchain Technology

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The Merkle Music BlockchainThe music industry has been in a state of turmoil for some time now. Album sales are reaching an all-time low with a mere 32 million sold in 2018, Looking to interrupt this stranglehold is blockchain. The act of decentralization, tracking content with trusted immutable ledger—along with smart contracts for automatic payments—may be the key to freeing the music industry. The Music Industry Monopoly The music industry’s reputation for being controlled by major labels is no longer entirely accurate. In an age where 75% of industry revenue emanates from digital downloads, distributors such as Apple Music, Google Play, and Spotify

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