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by daics
3095 days ago
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UMG, Warner, Sony and Spotify cannot share bills for running a common database on AWS today without creating yet another corporation and relinquishing power over the data to it. Blockchains are not the next big thing in databases. They are here to revolutionize how existing organizations co-ordinate, enter into contracts with each other, and even allow individuals themselves co-ordinate directly with each other without intermediaries through novel org structures. You are trading computational scalability for social scalability. http://unenumerated.blogspot.com/2017/02/money-blockchains-a... |
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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-...