3 ms·

UMG, Warner, Sony and Spotify cannot share bills for running a common database on AWS today without creating yet another corporation and relinquishing power ove

• dmitriid 9y ago
  > Blockchains are not the next big thing in databases Blockchains are the next big thing in nothing. They are not here to revolutionise anything [1] > hey are here to revolutionize how existing organizations co-ordinate, enter into contracts with each other etc. Nope. There are about zero things in blockchain that help with that. Because at the end of the day someone has to do all the job of, you know, adding all the info about who owns what percentage of what song in which region of the world. Oh wait. Which song was that? A Japanese LP that's 2 seconds longer than the original single released in Europe? Or that remastered song on a "Best of album" that was published by a different publisher than the remastered version published on the "Remastered" album that is published by a different combination of publishers than the original 1960s album that is different from that singular French copy of a concert in 1995... All that for a single song that ends up being attributed to the same singers and songwriters, except that one cover by all the same people sans that one guy, and except that different cover that will be attributed to the same songwriters, but a different singer, and except... All that info has to be: standardized, assigned to every single one of those 30 million songs, and any new releases should contain the same standardized info. You know, something the publishers could agree on right now, and they don't. So how in the seven hells is blockchain going to help? [1] https://hackernoon.com/ten-years-in-nobody-has-come-up-with-a-use-case-for-blockchain-ee98c180100 https://hackernoon.com/ten-years-in-nobody-has-come-up-with-...
  • lt 9y ago
    > Blockchains are the next big thing in nothing. They are not here to revolutionise anything [1] I beg to differ [1] > So how in the seven hells is blockchain going to help? It's not a silver bullet, and most things are not ones that were not possible before. But it facilitates some combinations, makes some things a lot more practical, and opens space for innovation. In this case, in particular, what comes to mind is: - there's a replicated consensus of all this attributions. Every single company agrees and has a shared database of the rights and the licensing. - the disintermediation: there's not necessarily a need to have a middle man managing this informations and agreements. - auditable, notorized, unforgeable history: you have this immutable record of when songs were released, who held their records, who and when licensed them, etc. - open information: if you design this system as an open network, any interested party can join and get the information it wants without needing APIs, etc. All this without getting into tokens and handling the payments and distribution of royalties on the chain, and other innovations that the capabilities of the blockchain can bring. [1] https://blockchaintechguide.com/a-blockchain-based-future/ https://blockchaintechguide.com/a-blockchain-based-future/
    • dmitriid 9y ago
      > there's a replicated consensus of all this attributions. Every single company agrees and has a shared database of the rights and the licensing. Riiight. They can't agree on a standard describing their music and licensing now. But blockchain will magically create that shared database out of thin air. BTW. Again. That same word, database. Nothing a relational database couldn't handle with much more ease and efficiency. > there's not necessarily a need to have a middle man managing this informations and agreements Riiight. Because every single company will provide an up-to-date complete information with no omission and mistakes. Magic of blockchain! > you have this immutable record of when songs were released, who held their records, who and when licensed them, etc. Riiight. Because there's not even a consensus on what to define as a song, it will somehow magically be solved by blockchain which will automagically identify and attribute eve ry song/track/music correctly, completely, and without omission. Just some brain teasers for you: - is a single in Europe the same song as the same single released in Japan? - the single in Japan is 12 seconds longer, though. - The authors and the singer are the same. The publishers are different. - There's the same song, with the same people + a different drummer released two years later. Is it the same song? - All three variations appear on fifteen different albums in 7 different countries, spanning 4 major and 5 regional publishers. - Oh. I forgot to say, it's the same classical Tchaikovsky music which is in the public domain. Yet surprise! You still have to pay money (you may research why as a part of your answers to the brain teaser). - Also, the global and regional distribution, performance, streaming, and radio rights may or may not be be different for each of those. > ny interested party can join and get the information it wants without needing APIs Because blockchain is a magical technology that transmits all this information directly into your brain without the need of APIs. Also, the article you linked is a bunch of demagoguery with zero practical applications that for some reason equates blockchain with TCP/IP and not, let's say, Tamagotchi.