RE: EU copyright overhaul good for CTEA6 Jul 2018 14:20
I think you need to understand what is happening here. The tracking of downloads for instance, say an artist signs up to iTunes to sell their tracks on etc, already happens. The artist can see at any time of the day how many tracks are sold, and what revenues to expect. They don't rely on having to hope iTunes tell them, though there is still the trust element of whether those figures are right.
Ctea say 'well wouldn't this be great if we could do it with blockchain so it can't be tampered with'. Well yes, wouldn't it, so if ctea wants to start it's own music selling site (which can't download to any apple device) then good on them. But it will be lost among the thousands of other pretty much defunct download sites on the net that no one uses. They can't make any other company do the same, they can't even stop a company that IS running a blockchain based music site have ten other sites that aren't. They can't stop piracy, they can't stop people ripping from YouTube.
The two biggest music monopolies in the world, iTunes and Google play can do whatever they like, and even if they do go blockchain, these two tech giants have the capabilities to program them itself.