Consortium Blockchain Smart Contracts for Musical Rights Governance in a Collective Management Organizations (CMOs) Use Case

Private and permissioned blockchains are conceptualized and mostly assembled for fulfilling corporations’ demands and needs in the context of their own premises. This paper presents a complete and sophisticated end-to-end permissioned blockchain application for governance and management of musical r...

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Bibliographic Details
Published in:Future internet 2020-08, Vol.12 (8), p.134
Main Authors: Kapsoulis, Nikolaos, Psychas, Alexandros, Palaiokrassas, Georgios, Marinakis, Achilleas, Litke, Antonios, Varvarigou, Theodora, Bouchlis, Charalampos, Raouzaiou, Amaryllis, Calvo, Gonçal, Escudero Subirana, Jordi
Format: Article
Language:English
Subjects:
Alastria network
Blockchain
Blockchains (Databases)
CMOS
collective management organizations
conflict resolution
Consortia
Contracts
Copyright
Cryptography
Decentralization
Digital currencies
Digital rights (Intellectual property)
Digital rights management
Digital signatures
Distributed ledger
Intellectual property
Internet
Metadata
Methods
monetary incentive mechanism
Music
Music industry
musical rights governance
Musical works
Musicians & conductors
Organizations
smart contracts
Technology application
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Summary:Private and permissioned blockchains are conceptualized and mostly assembled for fulfilling corporations’ demands and needs in the context of their own premises. This paper presents a complete and sophisticated end-to-end permissioned blockchain application for governance and management of musical rights endorsed by smart contract development. In a music industry use case, this disclosed solution monitors and regulates conflicting musical rights of diverse entities under a popular permissioned distributed ledger technology network. The proposed implementation couples various and distinct business domains across the music industry organizations and non-profit blockchain associations.
ISSN:1999-5903
1999-5903
DOI:10.3390/fi12080134