Home Featured Top Slider ASCAP, SACEM, PRS Form IBM-Backed Blockchain Music Initiative To Improve Royalty Tracking

ASCAP, SACEM, PRS Form IBM-Backed Blockchain Music Initiative To Improve Royalty Tracking

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Photo via Davidstankiewicz on Wikimedia Commons under the Creative Commons License

Hypebot reports: “Performing rights organizations ASCAP, SACEM and PRS for Music have announced a partnership to prototype a new shared system of managing authoritative music copyright information using blockchain technology. The goal of the project is to prototype how the music industry could create and adopt a shared, decentralized database of musical work metadata with real-time update and tracking capabilities.The societies are working together to model a new system for managing the links between music recordings International Standard Recording Codes (ISRCs) and music work International Standard Work Codes (ISWCs).”

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