The Music Industry on Blockchain Technology by Andreas Fougner Engebretsen and Hallvard Kristoffer Boland Haugen

The Music Industry on Blockchain Technology is a master's thesis by Andreas Fougner Engebretsen and Hallvard Kristoffer Boland Haugen, submitted to the Norwegian University of Science and Technology in June 2018. The thesis investigates how blockchain technology can address core issues in the music industry, particularly focusing on transparency and efficiency in revenue streams. The authors propose a decentralized application (dApp) that functions as a global copyrights database, enabling musicians to register and license their works. This system utilizes Ethereum smart contracts to manage license purchases, aiming to streamline royalty payouts and reduce the complexity of current licensing agreements. The thesis includes the development of the business logic using smart contracts on the Ethereum blockchain and an associated web application created with a JavaScript framework. This work contributes to the discourse on leveraging blockchain technology to solve value chain problems within the music industry.