Blockchain Based Model for Royalty Payments of Artists and RemixMakers

Abstract

Blockchain being an arising technology in recent years; it has yet to delve more into the music industry. This paper precisely enlightens the scope of blockchain technology in the music sector. The existing music industry deals with the issue of immense plagiarism. It discredits the original artist and the disorder in recognizing the true talent of hardworking artists, which often gets overlooked by those who have fame and popularity and big music labels as a pillar to support. The purpose is to create a foundation for those who have talent but not the opportunity to shine along with the fact that every hardworking artist, irrespective of the fame or popularity, can get their deserved recognition and royalty with the prospect to be appreciated through the methodology where on an upload; With the help of Ethereum blockchain and IPFS, revenue will go directly to the artists transparently and securely. The hash and its fingerprint are generated to check for copyright. If successful, a transaction system is carried out with the help of a decentralized application.