Decentralizing the Music Industry with Muzika

Music or arts is as old as human life. It is possible that since the first time we’re alive on earth, music was already there, >accompanying us on many occasions. Which is why, artist and its masterpiece can be counted as a world heritage. >They’re important for this world.

The music industry is evolving. Decades ago, we only hear music through CD or cassette player. But that doesn’t last long. Technological breakthrough give us new ways to listen and hear the music. For example, by downloading it to our music devices or an MP3 player. After that, a new trend emerges which will probably last for other years. Right now, more and more people love to hear music directly via a streaming platform, as internet access become cheaper.

Source: Muzika WhitepaperStatistics and infographic show that this trend will likely continue, at least for a few decades. The flexibility and easiness to hear and listen to music via the streaming platform, ironically are not enough to bring more revenue to the artist who creates the symphony. In fact, several key problems still exist in the music industry. If these problems still exist, there is a high possibility that a lot of artists will stop doing their creative work. Like it or not, we have to solve these problems.

The Problems

There are too many middlemen in the music industry. This ’cause consumer money to go through a lot of unnecessary parties which doesn’t have any or little contribution to music production. Some say only 10% goes to the artist, which is kinda absurd because it sounds as if a musician is not important in the music industry. A musician should get more, and they deserve to get more, which is why those middlemen need to be removed from the entire ecosystem or they have to stop taking a lot of parts from the artist revenue.

Creating their own label, studio or company might solve the problem of the unnecessary middlemen. But it is impossible for indie or other musicians who don’t have enough income to sustain the operation, or even start it. The centralization of the music market, is dominated by the big company in the music industry, might also limit their ability to stay competitive even though they have good music. Because good music doesn’t necessarily mean good income.

Not only there is a problem inside the music business, but there is also a problem from outside the production process, which is the piracy issue. Piracy is a chronic problem in almost every art industry. The damage for the artist is clear, they don’t get any money or feedback that they deserve for making a beautiful music. The money goes to the pirates, that eventually limits the ability of a musician to create another masterpiece because they don’t have enough money to do that.

On top of all those problems above, there is also a single yet crucial problem in the music industry or arts in general. That problem is the limited roles of fans or listener. They only have roles as consumers, without any possible way to get involved in supporting the artist that they love. Sure, they can buy merchandise or other products related to their loved artist, but where does the majority of money went? You’re right, in the hands of the platforms, distributors, or any other third parties.

What do we need?

In order to remove those middlemen, we have to provide a new platform, or ecosystem for the music industry. This ecosystem must be able to provide a way for artist and fans to interact with each other. Artist must be able to create their music, distribute it and earn from it. While fans must be able to hear, buy, contribute and support the artist that they love. In order to do this, we must have a new, decentralized ecosystem where producers, labels and other middlemen aren’t needed.

Every artist should be able to start their own music career directly from here, and fans or listener should be able to find and support a new artist or existing artist that they love. This is why a decentralized ecosystem is important because we don’t want a single point of failure where you must follow a singular path and approval from somebody when you wanted to start your own career or find a new artist to support.

Decentralization must come with inclusiveness. It means fans and listener must be taken into the equation. How does that happen? The basic and simplest is to allow fans and listener to support the artist directly by allowing them to purchase their sheet, song, recording, and so on. To put it simply, the new ecosystem must allow fans and listener to buy directly the music or any other features from the artist directly.

Because of that, fans and listener must also be able to participate in a discussion, streaming the music that they buy and many other things without any unnecessary fees which sometimes are unreasonable in the first place. Both fans or listener and artist must become the key player on the ecosystem, they’re the one who decides what they should do, what they should get and how will they do it. For example, fans might choose to subscribe to a special channel created by the artist with a monthly payment that they decided by themselves.

So, how do we make sure that every transaction really happens successfully? How do we know that somebody is not cutting the payment somewhere in the middle? The solution is quite simple, we just have to use the blockchain and smart contracts. Blockchain allows us to transparently check and see transactions that happen in the ecosystem, while smart contract will enforce the rule if there is a deal that needs to be done or executed between two parties. For example, when fans buy a ticket, then they must get it immediately. All of that will happens quickly and securely using smart contract. So, there is no need for middlemen and everybody can participate and watch out how this ecosystem works.

And all of that is there, in Muzika.

Important links:

Muzika Website: https://www.muzika.network/

Muzika Whitepaper: https://www.muzika.network/assets/mzk-whitepaper-en.pdf

Muzika Twitter: https://twitter.com/muzika_official

Muzika Facebook: https://www.facebook.com/muzikanews/

Muzika Reddit: https://www.reddit.com/r/muzikaofficial/

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Fotolama

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