The film and music industry have been unfair to artists so far. Will blockchain level the playing field?
The economy that underpins the cultural industries have not kept pace with the technologies support creative arts. You can create films, music, songs, and other work of art with little more than a smartphone and a computer. And you can publish your creative content on YouTube, Facebook and other platforms without spending a dime.
But if you want to make a living as an artist, you’ll have to overcome many obstacles. There’s a long list of brokers, publishers, streaming companies, license holders, retailers, and more that stand between you and the monetary value of your creative work. And they all want their cut.
This is something that may change thanks to blockchain, the technology that democratized money. Many experts believe that blockchain has the necessary elements to create platforms that can help the producers of art and creative content get their due.