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Efficiency Improvements in the Music Industry Through Blockchain
This largely comes down to the removal of unnecessary third parties in the record industry. Blockchain allows for any two willing parties to transact directly with one another. This way, the job of music publishers, for instance, would spend more time on data verification and resolution of disputes rather than the administrative functions they did before. The blockchain will complete these tasks and keep track of rights and royalties far faster and easier than any publisher or producer ever could.
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