Copy link
Increase text size
Decrease text size
Link copied

Japan’s JASRAC to trial blockchain technology for music copyright management

Wed, 05 Feb 2020, 07:44 am UTC

The Japanese Society for Rights of Authors, Composers and Publishers (JASRAC) has announced that it will trial blockchain technology for music copyright management.

JASRAC aims to protect the copyrights of musical works and facilitate the utilization of musical works, thereby contributing to the dissemination and development of music culture.

In its press release, the music copyright association noted the potential of blockchain technology to guarantee the content and existence of data among multiple stakeholders. It said that the technology could be used for music copyright management.

JASRAC previously conducted a verification experiment on the use of blockchain to manage transaction records for copyrighted material usage in 2018. It said that now aims to improve the credibility of data related to music work information and enhance the transparency and efficiency of the distribution process, thereby improving the quality of return to right holders, that is, distribution of royalties.

“By improving the quality and quantity of compensation (distribution of royalties) to right holders, we will contribute to the development of the music industry and music culture,” it added.

On these lines, JASRAC will conduct a demonstration experiment from February 17 to March 13 with the participation of rights holders (music publishers) who are entrusting it to manage copyrights.

As per the details, the demonstration will focus on developing a blockchain base and web application that will record "hash value of digital content", "creator ID", "timestamp information" for each music work. Arbitrary metadata relating to the music work can also be added to this record, Nikkei reported.

The creator of the record will have the right to right to view and append the record to other companies.

“In the future, based on the results of this demonstration experiment, we plan to verify the use of the system for other administrative tasks,” JASRAC said.

[The article has been written based on a press release in Japanese.]

G
M
T
Y
Text-to-speech function is limited to 200 characters

TokenPost | [email protected]

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $6,456.13 (+3.51%)
  • Ethereum (ETH) $132.49 (+1.48%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Bitcoin Cash (BCH) $219.44 (+2.37%)
  • Bitcoin SV (BSV) $165.27 (+6.32%)
  • Bitcoin (BTC) $6,456.13 (+3.51%)
Feb 21, 2020 (Friday)
12:01
Paxos launches blockchain-based securities settlement solution with Credit Suisse and Instinet
12:00
Brazil to launch new payment system in response to cryptocurrencies
11:59
Digital currency exchange Coinbase Pro lists Kyber Network token
11:57
Norwegian Air to soon start accepting crypto payments
10:21
Swedish central bank begins CBDC pilot with Accenture
09:51
Italian soccer team Juventus launches ethereum-based digital collectibles with Sorare
Feb 20, 2020 (Thursday)
14:16
Telecom companies complete cross-carrier mobile payments using blockchain
11:53
National Stock Exchange of Australia to develop DLT-based digital securities trading platform
11:00
South Korean ICO project discontinued, to return $7.5M to token holders
10:36
Samsung maintains crypto support in soon-to-launch Galaxy S20
09:41
BIS appoints Innovation Hub heads to lead Singapore and Switzerland
09:15
Coinbase becomes first crypto company to receive Visa principal membership
08:59
Dubai Economy and six banks launch KYC Blockchain Consortium
08:26
Crypto Technicals: ETH/USD under downside pressure after 'Bearish Engulfing' pattern
07:12
Tim Draper buys $1M worth of Aragon Tokens to create digital courts for DAOs
06:13
Renewable energy firm Acciona commits to take CBI’s blockchain-based carbon credits trading platform global
05:02
Crypto Technicals: BTC/USD trades below 21-EMA, break below 4H 200 MA (9386) to trigger further downside
04:56
Crypto exchange Coinfloor to launch a simplified bitcoin buying service
04:35
Indonesia’s customs department joins IBM- Maersk blockchain shipping platform “TradeLens”
Feb 19, 2020 (Wednesday)
12:46
Crypto custodian BitGo acquires digital securities startup Harbor
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft