2020
DOI: 10.3390/fi12080134
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Consortium Blockchain Smart Contracts for Musical Rights Governance in a Collective Management Organizations (CMOs) Use Case

Abstract: Private and permissioned blockchains are conceptualized and mostly assembled for fulfilling corporations’ demands and needs in the context of their own premises. This paper presents a complete and sophisticated end-to-end permissioned blockchain application for governance and management of musical rights endorsed by smart contract development. In a music industry use case, this disclosed solution monitors and regulates conflicting musical rights of diverse entities under a popular permissioned distributed ledg… Show more

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Cited by 17 publications
(7 citation statements)
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“…The glittering market scope on the cyber space has attracted CMOs to promote the usage of digital / online music consumption channels and support right owners, especially the upcoming creators to host their own online music channels as a way to promote the works of their members, which is an open space for downloading and live streaming of the works (Watson, 2015). This requires an intelligent data security model with a different protection set of practices that limit access to those who have permission to access it for efficiency in copyright management and royalty allocation among multiple copyright holders in cyberspace which is a virgin environment for piracy (Kapsoulis et al, 2020) 2.7 Summary matrix for the existing systems According to most computer-based Collective management Organization systems, the existing system is insufficient to cater for the increasing duties of CMOs, and thus with them in use, CMOs are likely to encounter some problem that will affect the smooth operation of the organization as well as their annual target objectives. Tariffing, licensing, record keeping, and material handling are all examples of duties.…”
Section: Challenges Faced By Cmosmentioning
confidence: 99%
“…The glittering market scope on the cyber space has attracted CMOs to promote the usage of digital / online music consumption channels and support right owners, especially the upcoming creators to host their own online music channels as a way to promote the works of their members, which is an open space for downloading and live streaming of the works (Watson, 2015). This requires an intelligent data security model with a different protection set of practices that limit access to those who have permission to access it for efficiency in copyright management and royalty allocation among multiple copyright holders in cyberspace which is a virgin environment for piracy (Kapsoulis et al, 2020) 2.7 Summary matrix for the existing systems According to most computer-based Collective management Organization systems, the existing system is insufficient to cater for the increasing duties of CMOs, and thus with them in use, CMOs are likely to encounter some problem that will affect the smooth operation of the organization as well as their annual target objectives. Tariffing, licensing, record keeping, and material handling are all examples of duties.…”
Section: Challenges Faced By Cmosmentioning
confidence: 99%
“…In Ref. [121], in their exploration of consortium blockchain smart contracts for musical rights governance, Kapsoulis, Psychas, Palaiokrassas, Marinakis, Litke, Varvarigou, Bouchlis, Raouzaiou, Calvo, and Escudero Subirana show how blockchain technology has the potential to completely transform rights management in the creative industries.…”
Section: Literature Reviewmentioning
confidence: 99%
“…The application layer is the level at which user transactions occur, that is, the interface with the end-user. In this layer, the logic of data transfer is captured in smart contracts (Kapsoulis et al 2020).…”
Section: On-chain Governance Mechanismsmentioning
confidence: 99%