Music has the ability to move and bring people together; people dance or sing along with the music.

Music-making involves track making, lyrics, melody, music, top lining, it also involves external factors such as distribution, labels, platforms, and so forth. In the past, music was produced by a handful of people. In the earlier stage music notes were written on manuscripts, however, the advancement in the technology, have changed the process now and accelerated the market like never before, there has been a shift in the making of music, all you need now is a computer along with the relevant software and tools. Digitalization has made the work accessible and easier than what it was, while this has also led to a competition in the music industry. 

However, many artists and people associated, prefer working amongst their own circle leading to cartelization. This concept does not really give a chance to the amateurs or newcomers, and even if they do, the royalty distribution might be unfair. 

The use cases of blockchain technology has been often thought to be limited while its concept and method can actually be applied in various industries than just the Finance industry. Blockchain can help the music industry for real-time work, financial inclusion, fair distribution of royalty, track and secure the ownership of the music rights, comprehensive tracking, engagement in the activities. The use of blockchain technology also solves other problems such as accessibility, language barrier, and geographical concerns. Blockchain technology helps eliminate the need for middlemen and intermediaries. Blockchain facilitates transparency, scalability, and immutability.

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Blockchain technology would not only benefit the artists but also the fans. Blockchain-based projects can create rewards for its fans taking it to whole another level of experience.

K-Tune 

Website: https://www.k-tune.org/

K-Tune is a platform that focuses on K-Pop ( Korean Pop, a genre of music originating from South Korea) for music producers globally. It is a platform as well as a community for the musician across the world. It involves K-Tune Masters who are affiliated from K-Tune and have been former or current professional producers. Masters help the users in the making of the music, help with the process and advice or help collaborate. K-Tune also involves ARENA - an open market for users to sell their work and CAMP - an open camp to find a partner or collaborate work with. K-Tune is powered by Blockchain Technology and the transactions are made or done with ERC20 token - KTT. KTT - K-Tune Token is the payment means for K-Tune and users can purchase this token through exchanges or directly from K-Tune. KTT can be used for purposes like the purchasing of the content, collaboration offers, donations, purchasing of the goods, and services.

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Opus 

Website: https://opus.audio/

Opus helps the artists generate revenue through a blockchain-based revenue system. It is a decentralized music distribution and sharing platform that uses IPFS - InterPlanetary File System on the blockchain. It enables a form of a decentralized manner by scaling and delivering thousands of music tracks in seconds. Opus leverages Ethereum network and the smart contract through the blockchain helps collect hashes of the statistics of songs played that helps form the basis for the revenue collection for each artist. With the help of blockchain, it facilitates fair compensation for the artists, transparency, and reliability in the payment consisting of rules and music content stored by the community. Its has its own digital token named OPT for the mean of payments and management of revenue for the artists and fans. Opus has an additional governance mechanism called OPUS DAO - Decentralized Autonomous Organization for voting on various subjects.

Many other platforms such as Musiclife, eMusic, Mediachain, Ujo, Open Music Initiative and many more uses Blockchain Technology for various purposes.

In a 2017 article of The Harvard Business Review, Imogen Heaper, a songwriter, singer, record producer, and audio engineer had said, “

I’d personally like to avoid these types of situations in the future, which means providing an easy way for others to license and collaborate with my music. A blockchain-empowered rights and payments layer could provide the means to do so.”

Blockchain technology and the music industry together can create a harmonical experience.