How Blockchain Could Transform The Music Industry

CEO and co-founder of Corite, a startup that allows fans to invest in their favorite artists and share in their success.

Over my 20-plus year career, I have worked for a variety of media companies across a range of industries including telecom, video gaming and music. The common thread across all of these industries is that they were fundamentally transformed by the digital revolution.

Nowadays, no one thinks twice about listening to music on YouTube or buying albums on iTunes. (Full disclosure: YouTube and Apple are commercial partners to my company for music distribution.) However, I can still remember when buying CDs (or even tapes!) at a record store was the norm and digital distribution was a new, confusing and even intimidating idea to the average consumer. I see many similarities between the emergence of the internet in the 2000s and the early applications of blockchain in 2022.

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