Another way that blockchain technology is impacting the music industry is with royalty distributions on digital platforms. (inc.com)
Artists signed up to token.fm's label scheme can assign their own pricing, scarcity and royalty distributions whilst rewarding their communities with tokenized media using the counterparty protocol. (counterparty.io)
Bringing the legal proceedings to an end, the agreement means SoundCloud will now pay royalties to its members, and both organizations will now work together to make the platform better for creators and users, as well as improve «metadata and the identification of repertoire for royalty distribution.» (techtimes.com)