A Study on Blockchain Technology and Its Utilization in the Music Industry
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초록
This study is to analyze if it is worth utilizing the emerging technology of blockchain in the music industry. It utilizes a literature analyzing research approach on the technology and its application to the music industry. To judge the value of blockchain in music industry, it shows its potential as an alternative to the abusive technologies and current examples of its application, and then analyzes the pros and cons that the technology can provide. The use of blockchain technology can make a positive effects on the music market that traditionally complex music market structure can be reformed into simple one through the characterized security of the technology and direct participation by smart contract. The weak points of its application are mere subordinate to the operational issues, which can easily be ignored by the advantages.
Abstract
This study is to analyze if it is worth utilizing the emerging technology of blockchain in the music industry. It utilizes a literature analyzing research approach on the technology and its application to the music industry. To judge the value of blockchain in music industry, it shows its potential as an alternative to the abusive technologies and current examples of its application, and then analyzes the pros and cons that the technology can provide. The use of blockchain technology can make a positive effects on the music market that traditionally complex music market structure can be reformed into simple one through the characterized security of the technology and direct participation by smart contract. The weak points of its application are mere subordinate to the operational issues, which can easily be ignored by the advantages.
참고문헌 (17)
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