Blockchain & Music - An Unlikely Union

Blockchain & Music - An Unlikely Union

Blockchain technology has been silently creeping into different industries, solving problems through the resourceful use of smart contracts. For example, retail chain giant Walmart has partnered with IBM to use their blockchain infrastructure and implement a supply chain management system in order to track food items from local suppliers all the way to their stores. Blockchain’s tamper-proof qualities have also made it the ideal candidate for identity authentication systems in a wide variety of applications. Moreover, if pundits are to be believed, the use of blockchain for asset tokenization will solve the dual problems of security and liquidity in illiquid assets, particularly real estate. And if this report is anything to go by, then the pundits might just be right! The use cases for blockchain technology are only limited by the scope of human vision today.