The synergy of artificial intelligence (AI) and blockchain can revolutionize the music industry by enhancing the creative capabilities of artists while maintaining transparency and equitable revenue distribution among creators.
AI is increasingly being used as a tool to create new songs or imitate existing musical content. This is why it is becoming increasingly difficult to distinguish human-generated music from AI-generated content.
Additionally, AI content is often trained on pre-existing content, mostly without the knowledge or consent of its original creators, which creates several ethical and legal issues for which there are currently no clear solutions, given the rapid evolution of technology.
“Because of the way generative AI works, you can’t really tell what happens in it and how it results in what comes out,” Hanna Kahlert, an analyst at MIDia Research, told Cointelegraph.
“The problems with that are misinformation and fakes, just a lack of trust in what you can see on the internet,” she said.
According to Kahlert, blockchain technology can solve these problems by tracking the provenance of specific music content, ensuring copyrights are respected and artists are fairly compensated.
Additionally, blockchain technology can make the relationship between artists and fans more direct, bypassing middlemen like record labels and centralized streaming services like Spotify.
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