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    The blockchain and smart contracts technology can circuit this problem by creating a comprehensive and accurate decentralized database of music rights. At the same time, the ledger and provide transparent transmission of artist royalties and real time distributions to all involved with the labels..

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    Applying blockchain technology to music applications allows for a paradigm shift in the way artists can control their musical work. From ownership rights, to royalty payments and first edition rights, blockchain technology applications empower artists to extend ownership of their works..

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    What are the blockchain applications of the future? As it turns out, more applications besides the currency can be developed to harness the technology. The following are five of the blockchain .

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    Blockchain technology could be used to execute energy supply transactions, but it could further provide the basis for metering, billing, and clearing processes, according to PWC. Other potential .