Eliminating ‘Errors’ and Excuses Is Possible, but Many Industry Titans Don’t Want It
The sad reality is that the problems with today’s royalty systems go beyond late payments or missed checks. These systems depend on old technology that is prone to mistakes—both human and software errors. Furthermore, there’s always the possibility of intentional manipulation. As a result, artists frequently don’t know where their payments come from or if they’re actually getting what they should.
One technology you are likely familiar with may be a more reliable solution: blockchain. It offers a transparent, decentralized network for storing data. The mechanism isn’t too complex to understand—every time a song is played, that action is logged on the blockchain, creating a permanent record that can’t be modified.