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6 Ways Blockchain Is Transforming The Music Industry

Fintelics
7 min readApr 22, 2021

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How Is Blockchain Transforming The Music Industry

Back when dinosaurs roamed the earth, My dad would buy vinyl and cassettes of the Rolling Stones and play them throughout the weekend. Cassettes became popular because they were made to play music in a car but this is where a big issue started in the music industry, the ability to make illegal copies of music. Cassettes could be copied

The ’80s and ’90s brought newer trends, and we switched from Vinyl and cassettes to CDs. The artists made fortunes when millions of their CDs and Cassettes were bought by their fans globally. But again CD’s were very easy to make copies of and sell illegally

The late 90’s and the 2000s was a whole new world. That is when digital audio formats came into being as the music industry saw heights in piracy due to platforms like Napster and Limewire.

Then came iTunes, YouTube, Spotify, and other similar platforms. These platforms introduced emerging talents, and music lovers were able to listen to their old songs. But of course People could…

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Fintelics
Fintelics

Written by Fintelics

Software consulting company that focuses on emerging technology such as AI, Blockchain, Cloud Computing, and Data Engineering, MERN Stack, and Fintech

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