A record company is using blockchain to manage the ownership of their copyrighted content. the company requires that every time one of their songs is used for commercial purposes, all the parties involved in creating it receive a set percentage of a royalty fee. how can a blockchain help track the royalty fees?


Question: A record company is using blockchain to manage the ownership of their copyrighted content. the company requires that every time one of their songs is used for commercial purposes, all the parties involved in creating it receive a set percentage of a royalty fee. how can a blockchain help track the royalty fees?

A record company is using blockchain to manage the ownership of their copyrighted contents. With blockchaines  musicians are able to receive equitable royalty payments venues are able to curb counterfeit tickets and record companies can easily trace music streams and instantly pay all artists who contributed to songs or albums. Blockchain increases trust, security transparency and the traceability of data shared across a business networks.

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