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- Title
A New Structure for the Music Industry.
- Authors
Gheorghe, Paul Niculescu-Mizil; Soltanisehat, Leili
- Abstract
The music industry is preparing for a new and secure online standard digital audio format, namely „.bc -- dotBlockchain", which uses Smart Contracts and Blockchain technology distribution through encrypted virtual currency transactions. Such radical changes are imminent in the near future and will represent the interconnected decentralized inclinations of the socio-technological systems in the music industry, in order to balance the transparency of the copyright of the online digital musical content. The purpose of this paper is to highlight the differences between classic and modern system architectures and to analyze the process of creating a balanced system for the music industry. The secondary research aim is to identify, on one hand, the weaknesses of the centralized systems and on the other hand, the ad vantages of the system-of-systems which attract the attention of market development. The research findings can be of real interest to developers and experts seeking ways to reposition the interdisciplinary domain of music.
- Subjects
DECENTRALIZED control systems; SYSTEM of systems; BLOCKCHAINS; MUSIC industry; DIGITAL audio
- Publication
FAIMA Business & Management Journal, 2018, Vol 6, Issue 3, p51
- ISSN
2344-4088
- Publication type
Article