Blockchain-Based Music Streaming Services: A Novel Approach to Transparent Artist Control
Rashmi Ashtagi, Tanmay Yadavrao Deshmukh, Swati V. Jadhav, Ranjeet Vasant Bidwe, Afsha Imran Akkalkot, Amar Buchade, Nilesh Uke, Sudipta Banerjee · 2024
Artists have historically used music as a form of personal expression. However, due to the centralized nature of music streaming services, artists receive only a small percentage of the revenue generated and have no control over their content produced. To address these issues, a revolutionary technique is needed that provides artists with greater control and transparency over their output. This paper focuses on a decentralized strategy that utilizes blockchain technology to facilitate direct interaction between artists and users, enabling artists to upload their music, sell songs, and receive royalties. The implementation of blockchain technology could potentially revolutionize the music industry by ensuring that rightful owners receive payment for their music while reducing the waste of paying intermediaries. Without intermediaries involved in the distribution process, the music industry could pay out more royalties to rights holders automatically and instantaneously. The proposed solution also addresses piracy concerns through the use of encryption and watermarking techniques. Blockchains provide security, confidentiality, tamper-proofing, traceability, control, and oversight over information. By developing a secure, self-installing, cross-platform reader positioned on the header of the digital content file, The research empowers data owners to manage the flow of information even after it has been made available. The suggested approach enables content owners to control their digital content and monitor its most popular components after distribution. The blockchain-based system also benefits from token distribution among the content’s owner, distributor, and consumer. The simulation results demonstrate that our approach is capable of overcoming the flaws of the existing system.