Why Spotify Wants Blockchain & How All The Music Industry’s Blockchain Dreams Can Come True

Can anyone beat Spotify in the streaming wars?
Photo credit freestocks.org under Creative Commons license.

Hypebot reports: “Spotify’s been on a bit of a spending spree lately, acquiring content identifiers Sonalytic and recommendations app MightyTV, and now Blockchain company Mediachain Labs. I specify ‘Blockchain’ with a capital B and no article, because that’s the sure tell that there’s no evidence anyone involved has any idea how this thing is going to work or do anything. The problem Spotify [has] is that nobody knows who the hell owns a lot of the songs.”

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