No other business is feeling the pain of copyright issues and royalty accounting challenges quite like the music industry. Recent studies have estimated that between 20-50% of royalties owed by digital music services to rights holders are not paid out correctly, amounting to hundreds of millions of dollars in misallocated or unpaid revenue worldwide.
In a new Digimarc-sponsored white paper, technology expert Bill Rosenblatt explains how blockchain combined with audio watermarking can help address this problem. The two technologies allow the identity in a blockchain transaction record to be linked to a music file via an identifier, enabling rights to be confirmed and royalties to be distributed efficiently and unambiguously. To learn more. download the blockchain and audio watermarking paper now.
Also, get a quick overview of the music copyright ecosystem and how Digimarc Barcode and blockchain can help with this new infographic: