Royalty Management by Using Blockchain Network: A Multiple Case Study
Thalea Christy Nathaniela, Elfindah Princes, Gunawan Wang · 2024
The rise of music streaming services has led to significant challenges in royalty management, particularly affecting independent musicians who face poor royalty payments and a lack of transparency in royalty calculations. This research explores the application of blockchain technology to address these issues, focusing on its potential to revolutionize royalty management within the music industry. The study provides a conceptual framework for understanding music streaming services, digital music piracy, and royalty transparency, analyzing the impact of blockchain on revenue generation in the Indonesian music industry. Utilizing a literature review, case studies, and a theoretical framework, the research investigates the effectiveness of blockchain in enhancing transparency, and fairness in revenue distribution, and rights management. Through purposive sampling and the analysis of BitTorrent as a case study, the results highlight the trans formative potential of blockchain in the music industry, particularly in addressing the “value gap” in unallocated royalties and improving revenue generation for musicians. The findings underscore the significant implications of blockchain technology for the future of royalty management and the overall music ecosystem.