Using the transparency of blockchain to solve the problems in the music industry, I am afraid that many people have seen such news, and some companies are doing such projects, but have you ever thought about using blockchain to make music? Will there really be a demand for the audience?

The appearance of streaming media spoiled the audience. Although musicians oppose this model, almost all technology giants have laid out streaming media. The appearance of this mode makes it difficult for the traditional physical record mode to turn over. Taylor Swift, Adele and other big names refused to cooperate with the streaming media platform in order to promote record sales, but in the view of streaming media managers such as Music Tank, this refusal was only temporary. In the final analysis, musicians feel that they have earned less money and are wronged. The point is that our listeners pay less. Do users care whether musicians earn more or less?

Here we emphasize a problem. Blockchain can only solve the problem of counterfeiting, but can't solve the problem of piracy. The piracy of digital products such as music is very easy.

Of course, it does not mean that there is no possibility of success. I just said that the resistance of this application will be great, users will not be happy, and only musicians have the motivation to promote it. On the other hand, in the securities market, for trading users, blockchain can provide transparency and bring advantages in efficiency and cost to the exchange, so the resistance is relatively small.

Blockchain will have a far-reaching impact on finance, logistics, crowdfunding (European crowdfunding), certification and securities.

Personal opinion, for reference only!