Consortium Blockchain Smart Contracts for Musical Rights Governance in a Collective Management Organizations (CMOs) Use Case

Nikolaos Kapsoulis, Alexandros Psychas, Georgios Palaiokrassas, Achilleas Marinakis, Antonios Litke, Theodora Varvarigou, Charalampos Bouchlis, Amaryllis Raouzaiou, Gonçal Calvo and Jordi Escudero Subirana
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Nikolaos Kapsoulis: Electrical and Computer Engineering school, National Technical University of Athens, 157 80 Athens, Greece
Alexandros Psychas: Electrical and Computer Engineering school, National Technical University of Athens, 157 80 Athens, Greece
Georgios Palaiokrassas: Electrical and Computer Engineering school, National Technical University of Athens, 157 80 Athens, Greece
Achilleas Marinakis: Electrical and Computer Engineering school, National Technical University of Athens, 157 80 Athens, Greece
Antonios Litke: Electrical and Computer Engineering school, National Technical University of Athens, 157 80 Athens, Greece
Theodora Varvarigou: Electrical and Computer Engineering school, National Technical University of Athens, 157 80 Athens, Greece
Charalampos Bouchlis: Athens Technology Center, 15233 Athens, Greece
Amaryllis Raouzaiou: Athens Technology Center, 15233 Athens, Greece
Gonçal Calvo: BMAT Music Innovators, 08028 Barcelona, Spain
Jordi Escudero Subirana: Atos Worldline Iberia SA, 08020 Barcelona, Spain

Future Internet, 2020, vol. 12, issue 8, 1-16

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 ledger technology network. The proposed implementation couples various and distinct business domains across the music industry organizations and non-profit blockchain associations.

Keywords: musical rights governance; conflict resolution; smart contracts; monetary incentive mechanism; collective management organizations; Alastria network; enterprise blockchain (search for similar items in EconPapers)
JEL-codes: O3 (search for similar items in EconPapers)
Date: 2020
References: View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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