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The digital transformation of the music industry through applications of blockchain technology
KTH, School of Electrical Engineering and Computer Science (EECS).
2019 (English)Independent thesis Advanced level (degree of Master (Two Years)), 20 credits / 30 HE creditsStudent thesisAlternative title
Den digitala omvandlingen av musikbranschen genom tillämpningar av blockchain-teknik (Swedish)
Abstract [en]

Since its introduction in 2008, the blockchain technology has been hailed as the one that could revolutionise many different industries. The music industry underwent several changes in the last 20 years as a consequence of phenomena such as music piracy, digital music and music streaming. Many considered the blockchain technology the solution to the many issues the music industry is facing. However, while the technology has been around for more than 10 years, and despite the enthusiasm of scholars and experts, little has been done to actually implement blockchains in the industry, especially by its biggest players. The resulting question is if and how the technology could change the music industry. This research starts by looking into previous studies on the blockchain technology, on the music industry and on the possible intersections of the two: from there the most popular suggested applications of the blockchain technology are extracted and presented in interviews to people working in the music industry. The goal of the interviews is to understand if the issues that the suggestions aimed to solve are real, and if the suggested applications are thought to be actually useful. The results are also compared with considerations from previously analysed papers, and showed a general interest in the blockchain technology and in the belief that it could help solve some issues of the music industry. At the same time, it was found that the technology is considered too young to be employed at the present time, with most people reckoning it is a technology that could have an impact in 10-15 year time.

Abstract [sv]

Sedan år 2008 har man trott att Blockchain teknologin skulle kunna revolutionera många olika industrier. Exempelvis trodde man att blockchain kunde vara lösningen på många problem som musikindustrin hade. Musikindustrin har gått igenom många olika förändringar under de senaste 20 åren som en konsekvens av piratverksamhet inom musikvärden och musik streaming. Även om denna teknologi funnits i över 10 år och varit mycket uppskattad av forskare och experter, så har det inte skett så många insatser för att försöka introducera blockchain i industrin, speciellt från de stora aktörerna. Frågan är om och hur teknologin kan förändra musikindustrin. Denna forskning analyserar tidigare studier i blockchain och i musikindustri, och om det kan finnas en koppling mellan dem. De mest kända tillämpningarna av blockchain kommer att presenteras, tillsammans med intervjuer med personer som jobbar i musikindustrin. Målet med intervjuerna är att förstå om problemen som teknologin vill lösa verkligen existerar, och om dem föreslagna lösningarna verkligen kan hjälpa.

Resultaten jämförts också med tidigare studier som visar intresse för blockchain teknologin och tror på att den ska hjälpa. Ibland visade det sig att denna teknologi tros vara för ung för att bli applicerad i nutid, och majoriteten tror att den kommer ha en större betydelse om 10/15 år.

Place, publisher, year, edition, pages
2019. , p. 12
Series
TRITA-EECS-EX ; 2019:637
National Category
Computer and Information Sciences
Identifiers
URN: urn:nbn:se:kth:diva-264916OAI: oai:DiVA.org:kth-264916DiVA, id: diva2:1375894
Supervisors
Examiners
Available from: 2019-12-09 Created: 2019-12-06 Last updated: 2019-12-09Bibliographically approved

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