April 26, 2016 Tuesday from 01:00 PM to 05:00 PM (EDT)
Reed Smith offices 599 Lexington Ave NY

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About Music 4.5 Blockchain - the music industry trust issue

Blockchain - the music industry trust issue

Blockchain technology is – simply put – a mechanism for creating trust. A shared, trusted, public ledger that everyone can inspect but which no single user controls, blockchain lets people who have no particular confidence in each other collaborate without having to go through a neutral central authority. As The Economist puts it: “the spread of blockchain is bad for anyone in ‘the trust business’, the centralized institutions and bureaucracies, such as banks, clearing houses and government authorities that are deemed sufficiently trustworthy to handle transactions” - in the music industry, the equivalent of collecting societies and record labels.

Data – correct, clean, consistent and easily accessible – is the crucial foundation for any transactions and ledgers. The ambitious Global Repertoire Database is now a defunct initiative, but, as Charles Dixon of venture-capital firm Andreessen Horowitz notes: “the internet finally has a public database”, in the shape of blockchain technology.

What is stopping the music industry from adopting blockchain technology to organize royalty payments, licensing agreements, and data?

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Reed Smith offices

Reed Smith offices 599 Lexington Ave New York NY United States 10022

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About the Organizer

2Pears Ltd

2Pears the team creating opportunities and events to inform, educate and connect entrepreneurs, startups and investors in music, media and technology. 2Pears facilitate peer2peer networking and collaboration, new thinking and new connections, through seminars, workshops, events, information-sharing and meetups. We work predominantly within the digital technology and media industries - bringing them together in a multitude of ways. www.2pears.com

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