What will Happen to Music?
The record business has been with us for just over 100 years. It has entertained for six generations. Music goes through basically three phases. First, it is contemporary to a generation, secondly as that generation ages, it goes through a phase of nostalgia. Then, hopefully some of it stands the test of time and is listened to by future generations. Those future generations use this music as fodder for their own creativity. Most music doesn't make it to the future. This may be the natural filter that will determine whether music copyrighted, published and recorded will need to be placed into the coming protective blanket of blockchain or any other technology that may come down the road that will regenerate the music business.
The strategy of placing music into a safe blockchain environment is to start with new music. Young artists and as not yet published artists, can provide the priming of the pump that the blockchain developers, can use use to test drive the system and make corrections that will need to be made as the infrastructure develops.
Once the infrastructure has been proven, gradually older music can be sorted out as to who the holder of rights are and this can be included in the protective blockchain. This will certainly require attorneys, publishers, copywriters, research assistants, a veritable plethora of people to sort through that mess. Once this is accomplished, this older music can be placed into the blockchain infrastructure. A neutral third party or board can determine the final say on who owns what.
Any music that has lapsed into public domain would be the last to be entered into the blockchain and would have a free use open source smart contract attached to this music. Perhaps music in the public domain could also be included at the front end of the process to use as fodder for the development phase of the blockchain infrastructure. The metadata that would be included would be more for historical record than for actually determining who has the rights to any royalties that would come from them. For history, though, making the metadata as accurate as possible and would provide the actual music in all its formats, sheet music, recordings, et. al. More convenient for future researchers and historians. This would also make for better archiving of older tape, vinyl, piano roll, and shellac (78 rpm) as they deteriorate over time. Thus we would have a record for future generations of all recorded music that could be easily accessed from any computer. Imagine pulling up your grandmother’s favorite gamelan, zither, or uilleann pipe recording from the 1930's and giving it a listen. Very cool.
Hey Adrian, What the Heck is Blockchain?
The best description of blockchain that I have found is a video from the Corbett Report. Here is a link. https://www.youtube.com/watch?v=FkhUn7nh33Q
I invite you to kick it around with me. You can contact me at my email address. Or at my contact info at www.acousticranch.com .
-Adrian Vincent Yañez