{"title":"Paradigm shift in the music industry: Adaptation of blockchain technology and its transformative effects","authors":"Betül Yarar Koçer","doi":"10.31566/arts.2163","DOIUrl":null,"url":null,"abstract":"The music industry is undergoing a profound transformation thanks to blockchain technology. This article extensively examines how the core components of music – production, distribution, performance, and presentation – are undergoing radical changes through the integration of blockchain technology. The traditional music industry faces significant challenges, particularly in vital areas like copyright management, music distribution, and artist compensation. These challenges have become even more complex with the digitization of music and the rise of online platforms. However, blockchain technology, with its decentralized and transparent structure, has the potential to overcome these obstacles. This technology takes important steps in addressing disputes related to copyright by enhancing the traceability and verifiability of music works throughout their lifecycle, thereby contributing to fairer compensation for artists. Moreover, this article also delves into other intersecting domains related to the music industry, focusing on safeguarding intellectual property in music and presenting innovative solutions to the intricate music economy. Relevant data gathered through qualitative research methods is systematically presented to comprehensively explore the potential role of blockchain technology in the music industry’s future. This exploratory analysis also investigates blockchain-supported platforms, providing an in-depth examination of their current development status and business models. The article places special emphasis on fundamental concepts such as copyright, ownership of artistic works, cultural heritage, and the role of blockchain technology in shaping the music industry, artists, and the ongoing digital transformation. In this rapidly evolving dynamic process, the transformative role of blockchain technology in the music industry and its potential must be continuously monitored, serving as a foundation for future-oriented initiatives. This comprehensive approach reflects the concerted effort to understand the effects of blockchain technology, which is shaping the trajectory of the music industry’s future, from a broader perspective.","PeriodicalId":45918,"journal":{"name":"International Journal of Arts Management","volume":"61 1","pages":"0"},"PeriodicalIF":0.6000,"publicationDate":"2023-10-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"International Journal of Arts Management","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.31566/arts.2163","RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"0","JCRName":"HUMANITIES, MULTIDISCIPLINARY","Score":null,"Total":0}
引用次数: 0
Abstract
The music industry is undergoing a profound transformation thanks to blockchain technology. This article extensively examines how the core components of music – production, distribution, performance, and presentation – are undergoing radical changes through the integration of blockchain technology. The traditional music industry faces significant challenges, particularly in vital areas like copyright management, music distribution, and artist compensation. These challenges have become even more complex with the digitization of music and the rise of online platforms. However, blockchain technology, with its decentralized and transparent structure, has the potential to overcome these obstacles. This technology takes important steps in addressing disputes related to copyright by enhancing the traceability and verifiability of music works throughout their lifecycle, thereby contributing to fairer compensation for artists. Moreover, this article also delves into other intersecting domains related to the music industry, focusing on safeguarding intellectual property in music and presenting innovative solutions to the intricate music economy. Relevant data gathered through qualitative research methods is systematically presented to comprehensively explore the potential role of blockchain technology in the music industry’s future. This exploratory analysis also investigates blockchain-supported platforms, providing an in-depth examination of their current development status and business models. The article places special emphasis on fundamental concepts such as copyright, ownership of artistic works, cultural heritage, and the role of blockchain technology in shaping the music industry, artists, and the ongoing digital transformation. In this rapidly evolving dynamic process, the transformative role of blockchain technology in the music industry and its potential must be continuously monitored, serving as a foundation for future-oriented initiatives. This comprehensive approach reflects the concerted effort to understand the effects of blockchain technology, which is shaping the trajectory of the music industry’s future, from a broader perspective.
期刊介绍：
Through publication of the International Journal of Arts Management, the Carmelle and Rémi Marcoux Chair in Arts Management contributes to HEC Montréal’s global reach while consolidating its position as a world leader in research on cultural organizations. The Chair publishes teaching materials that are used in several universities both in Quebec and elsewhere. A prime example is the book Marketing Culture and the Arts, which has been translated into 11 languages. The Chair also publishes research and conference proceedings on topics of interest to managers in the arts and cultural sector. Aims: offers insight into management processes, and the ways in which arts organizations operate within the various disciplines of management, including marketing, human resources, finance, accounting, production and operation processes, and administration; identifies and encourages the development of best practices in the management of culture and the arts, and promotes their use through the publication of case studies and analyses; addresses current issues of key relevance to cultural and arts organizations in a rigorous and detailed fashion; presents studies, measurements, and other empirical research in the field of arts and cultural management; provides a forum for challenging and debating coherent theories and models, as well as their application in cultural and arts practice.
京公网安备 11010802042870号
京ICP备2023020795号-1
分享
求助内容：
应助结果提醒方式：
扫码关注我们
