Needed: Democratization of the music industry

Wall Street has already adopted crypto technology, but Hollywood is pretty new to it. While the entertainment industry might be a few years late in implementing crypto, it has now realized that blockchain has the potential to revolutionize the distribution of music and movies, and can resolve the piracy problem.

Stem a new startup tapping the power of blockchain technology and cryptocurrency is creating an application that aims to provide content creators a “fair share of earnings and information in a clear and timely manner.”The company has just raised $4.5 million USD in funding led by investment firms such as Upfront Ventures, and well-known music industry managers like Scooter Braun.