Consortium Blockchain Smart Contracts for Musical Rights Governance in a Collective Management Organizations (CMOs) Use Case
Nikolaos Kapsoulis, Alexandros Psychas, Georgios Palaiokrassas, Achilleas Marinakis, Αντώνιος Λίτκε, Theodora Varvarigou, Charalampos Bouchlis, Amaryllis Raouzaiou, Gonçal Calvo, Jordi Escudero Subirana
Abstract
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.