With all of the talk and even startups launched that are directly dealing with the music data the question of whom owns the data of music is becoming the elephant in the room. There are few different definitions of music data and within them, there is room for disagreement however for us the one way to do it — with the existing data that all music & video distributors use: the NARM425 or VSDA formats.
Now within these formats are different levels of data. Artists’ data, Label’s if on one, publisher’s and most often as not the distributors and to make it as complicated as possible often on the front end none of these data points are established so trying to figure this out in advance or by a third party is just not a scalable option. If it was someone would have done it.
Nope, to Altavoz this question, along with universal publishing information is be answered by using, wait for it…a blockchain. I know eye’s are rolling fingers are moving over the right click button, but hear us out. For all the flaws of existing Blockchain music projects, none of them have been any more or less successful than the established musicbiz model for music so and to our knowledge, none of them have been an open music public blockchain like which Altavoz has been working towards and strongly advocating that others do the same.
Circling back to the existing formats (425 & VSDA) as both of them as established formats have been used for decades without anyone having any issues in the Valued added Network of global commerce and to Altavoz that says a lot and suggest that the underlying data formats are ok it’s the privatization of the data that has become the Goose that killed public information and by taking our Data of Music and publishing it using the (425 & VSDA) in a open public blockchain and allowing others that do to use it we established the music public global database of music data.
Now that we’ve established how we’re going to do it – in theory… The value of that data as it moves through all the channels and outlets and who gets paid for it comes to our minds as the next BIG issue for creators. Altavoz is proposing that during the next MetaDataSummit that this last issue be taken up and perhaps a committee or working group can be established to ensure that this “New Oil” of data compensations is flowing to the creators of it as well as the IP that carries it forth.
However at the end of the data days if the creators (artists, bands, and groups ) don’t get a piece of the pie, even if it’s a secondary action or use of data from their inspired works this will hurt the output in the long run and the value of Music Data will be on par with the value of lawnmower data.
Something to think about….
AltavozDistro.co 