Cutting-Edge Technology: Blockchain in Royalty Tracking
The music industry has been grappling with the issue of royalty tracking for years. With the advent of digital music streaming services, the problem has only become more complex. The traditional method of tracking royalties involves a complex web of contracts, intermediaries, and payment systems. This has led to a situation where artists and songwriters often don’t receive the royalties they are owed.
However, there is hope on the horizon. Blockchain technology has the potential to revolutionize the way royalties are tracked and paid. Blockchain is a decentralized ledger that allows for secure and transparent transactions.