Raidar: an Open Network of Rights & Asset Information in Decentralized, Authoritative Repositories
Today’s digital music industry has placed technological demands on all stakeholders that have proven to be problematic in managing data, rights ownership, licensing and royalty settlement and distribution. The problems are multi-faceted across businesses, technologies, partnerships and data management processes. Furthermore, the next generation of artists, composers and entrepreneurs will face a global market that has user experiences we cannot even contemplate today. Very likely the underlying future infrastructure will based on blockchain technology and decentralized peer-to-peer networks. Music compositions will increasingly include mashups shared across social media or remixes experienced within Augmented Reality or Virtual Reality environments. Decentralized and shared global tracking will provide true scaling capabilities of matching services to global participants. New economic incentive models need to be devised and explored in order to empower artists to reach their creative best.