17 Replies to “October 24 (Part II)”

  1. The article talks about how blockchain will not be ready for the music industry until another few years, which I can agree with because it takes time to develop new technology, integrate it, and get people to use it. However, dot Block chain has already taken steps to progress themselves by acquiring big industry partners, such as SOCAN (Canadian rights company). It is important to first connect with people who have experience in the industry and hope they like what your company is doing, and then have them promote its integration, alongside you.

    http://www.billboard.com/articles/business/7676970/dotblockchain-music-signs-industry-partners-phase-two-data

  2. This article provides reasons why the blockchain model won’t be popular for while from now. There are many factors that contribute to this that I didn’t even think to realize. For example, the big rights organizations take forever to do anything new. GEMA is kind of tyrannical. More information on the organization they talk about, GEMA, and why they are so bad. https://www.techdirt.com/articles/20130425/17042522839/how-gema-is-still-worst-collective-rights-organization-world.shtml

  3. When it comes to the topic of artists rightfully earning their money for the music they make that is a tough topic for me to change my ways. When Taylor Swift first pulled her music from Spotify and went on her rant about how she was tired of people taking her music for free I completely felt for her not only cause she deserves money for her hard work whether she has enough money or not, but all the backlash she got from the public about how music shouldn’t be about the money cause I truly think she didn’t have all her intentions set on the money it’s just a lot of hard work not only the artists goes through to creating music, but all her music crew…writers, producers, technicians. I think it was much more than selfish concerns. But was it enough to convince me to buy music? To be honest, no. I have been finding a way around buying music since I was 11. It’s just what everybody does, and not even cause we can’t afford it, or because the prices are ridiculous per say but it’s just like why would anyone pay for something that we all know we can find a way to get it for free? I guess someone with a really good conscious would, or someone who sees it as theft which it kind of is. Why blockchain hasn’t stepped in yet? Not sure. But this is just my point of view from everything. Out of curiosity here is an article that actually explain how blockchain could attempt to save the music industry.

    https://techcrunch.com/2016/10/08/how-blockchain-can-change-the-music-industry/

  4. This is a really good article. It helped me understand blockchain more effectively than the last reading and rationally explained why we shouldn’t get our hopes up just yet. It seems failure of record-keeping has really bit the music industry in the ass. I can’t imagine the amount of time it’d have to take to fix it all. The author of this article used the term “Gordian knot” twice to describe the mess that is music licensing. If you want to learn more about what it means or where it came from, here’s this: https://en.wikipedia.org/wiki/Gordian_Knot

    1. I agree with Ryne, I’m glad the video and article are linked because I didn’t really get it the first go-round. This article was really great and provided another link at oreilly.com that really cleared it up for me. I still believe the blockchain is pretty innovative and we will see it in the years to come. There are several hurdles I didn’t foresee. I’m very interested to see how we could implement the blockchain with the “legacy of bad data practice”. It seems like a tremendous amount of work and integrity will be needed. I’m not really sold on that part of it.

  5. Alright, this is starting to make a little bit more sense to me now. It was nice to see both sides of the spectrum when it comes to the chain. It seems like one misunderstanding that come from this, would be the problems it could create, and how money seems to be the only object to go after here. I think that with any business you’re going to have struggles and it is going to be very messy and stressful from the start. I think that money might be the driving force for anybody who starts something and that is not necessarily a bad thing, and it doesn’t seem like that’s the sole reason behind the chain. I think with trial and error this could be a good thing in the making.

    http://www.hypebot.com/hypebot/2017/08/why-you-cant-put-the-music-industry-on-a-blockchain-excerpt.html

  6. This article has shown both sides of the blockchain argument. It is interesting to see how and why this model might not work at the moment but it could in the future. There are many factors that it can be a little confusing to understand it at first but it can be learned through research and understanding.

  7. If the music industry wants to survive and actually pay the artists, composers, writers, etc on time, then there needs to be a complete tear down of the current system. There’s so many problems in the music industry because it was built on a faulty foundation in the first place. They’re slow to adapt, and in a world where technology is always evolving they need to keep up.

    https://www.linkedin.com/pulse/music-industry-2026-technology-trends-changing-future-cami-r-/

  10. This article clears up some confusion on block chain but it also suggests that block chain is something that will not happen in soon. It is brand new and it will take time for it to be a stable foundation in the music industry. However, lack of record keeping seems to be a huge problem in the music industry, and this might set back the success of block chain for a bit.
    Here’s an article with more information on how block chain works.
    https://medium.com/@micheledaliessi/how-does-the-blockchain-work-98c8cd01d2ae

  11. There are many relevant points being made in the article and they are all a cause for concern. It not only addresses the primary reason for implementing Blockchain, but it discusses the many different aspects of the Music Industry that may preclude its success. The only thing to be decided now is whether or not uprooting such a centralized industry would be worth it.

    https://www.digitalmusicnews.com/2017/09/14/blockchain-startup-blokur-fundraising/

  13. There are many factors that it can be a little confusing to understand it at first but it can be learned through research and understanding. It seems like one misunderstanding that come from this, would be the problems it could create, and how money seems to be the only object to go after here. I think that with any business you’re going to have struggles and it is going to be very messy and stressful from the start. Maybe this post will help you understand a little more.

    https://www.linkedin.com/pulse/music-industry-2026-technology-trends-changing-future-cami-r-/

  15. This article talks about dot Block Chain not working out in the music industry as of right now. There are still some things that need to be worked out and agreed on in order for this to work on all sides. However, may believe that it may not work which I somewhat agree with. Unless they get it right on how everyone gets paid not necessarily equally but at least their fair share, then at that point you may see a lot more people jump in on it and push for this change.

  16. I think Blockchain is a transparent process that could eventually be more widely used in the music industry when the tech is further updated. I understand both sides of the debate but still believe that the technology could be beneficial.

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