A use-case for block chain implementation
Unless you have been living in a cocoon, you would have heard of the controversy surrounding the music director Ilayaraja and the singer SPB. There was excessive social media outrage over the issue and both sides had vociferous and sane backers. While this controversy was raging, I was busy learning and researching blockchain development and this got me to think that the resolution of the royalty issue could be a potential use-case for my blockchain application development. Royalty and licensing issue are quite common to almost all industries (not just the publishing industry but software/product industry as well). Piracy causes loss of revenue in many ways. My proposed solution to resolve this issue is Every publisher/artists/author must publish his content along with a smart contract (containing the royalty logic) into the public Ethereum blockchain. The content being published will be signed with references to these smart contracts (maybe as a new ID3 tag, which can't...