​At first glance, solving music rights seems to be Web3’s killer use case.

​Issues around financial transparency, payment efficiency, and data management have long plagued the music business. This has inspired many creators and entrepreneurs to use blockchain technology to build alternative systems for music rights, in a way that prioritizes open, distributed, verifiable data and royalty flows from the ground up. It’s no coincidence that nearly every major rights holder in the music business is ironing out an official Web3 strategy in 2023, seeing an opportunity for implementing blockchain solutions at the institutional level.