Music Companies Turn to Blockchain-Based Music Licensing Platforms

Music firms revealed their intentions to construct blockchain-based music licensing platforms that aim to change the way songs are licensed by reducing costs, removing intermediaries, and bringing all of blockchain’s inherent benefits to the music scene.

Last year, music producer Justin Blau, also known as 3LAU, launched a music licensing platform called Royal. The platform was created to support music projects by allowing fans to invest and co-own songs with them.