Riiight. They can't agree on a standard describing their music and licensing now. But blockchain will magically create that shared database out of thin air.
BTW. Again. That same word, database. Nothing a relational database couldn't handle with much more ease and efficiency.
> there's not necessarily a need to have a middle man managing this informations and agreements
Riiight. Because every single company will provide an up-to-date complete information with no omission and mistakes. Magic of blockchain!
> you have this immutable record of when songs were released, who held their records, who and when licensed them, etc.
Riiight. Because there's not even a consensus on what to define as a song, it will somehow magically be solved by blockchain which will automagically identify and attribute eve ry song/track/music correctly, completely, and without omission.
Just some brain teasers for you:
- is a single in Europe the same song as the same single released in Japan?
- the single in Japan is 12 seconds longer, though.
- The authors and the singer are the same. The publishers are different.
- There's the same song, with the same people + a different drummer released two years later. Is it the same song?
- All three variations appear on fifteen different albums in 7 different countries, spanning 4 major and 5 regional publishers.
- Oh. I forgot to say, it's the same classical Tchaikovsky music which is in the public domain. Yet surprise! You still have to pay money (you may research why as a part of your answers to the brain teaser).
- Also, the global and regional distribution, performance, streaming, and radio rights may or may not be be different for each of those.
> ny interested party can join and get the information it wants without needing APIs
Because blockchain is a magical technology that transmits all this information directly into your brain without the need of APIs.
Also, the article you linked is a bunch of demagoguery with zero practical applications that for some reason equates blockchain with TCP/IP and not, let's say, Tamagotchi.