London
07 April 2017
Reporter: Barney Dixon

Copyright royalties off the blockchain


Three large royalty collection societies have partnered to launch a shared copyright management system using blockchain technology.

The new system, which has the backing of PRS for Music, the American Society for Composers, Authors and Publishers (ASCAP) and the Society of Authors, Composers and Publishers of Music (SACEM), will manage the links between international standard recording and music work codes.

It will establish links between the two pieces of data and offer improvements to royalty matching, which will speed up licensing and reduce errors.

The collection societies are working with IBM to create the system, which uses open source blockchain technology from Hyperledger Fabric.

The prototype system aims to create a shared decentralised database of musical work metadata with real-time update and tracking capabilities.

Jean-Noël Tronc, CEO of SACEM, said: “We are very excited about this joint initiative.”

“SACEM’s vision is to ensure a diverse and sustainable future for music, where creators are rewarded efficiently for their work. We have a long history of constant innovation and this partnership represents the next stage in that story.”

Robert Ashcroft, chief executive of PRS for Music, added: “Establishing authoritative copyright data has long been a goal of PRS for Music and is one of the biggest challenges the industry faces.”

Elizabeth Matthews, CEO of ASCAP, said: “ASCAP is always looking for opportunities to exploit new technology platforms to specifically address the needs of our members and the music industry, which has been calling for greater transparency and accuracy.”

More Technology news
The latest news from IPPro The Internet
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
Copyright royalties off the blockchain
07 April 2017 | London | Reporter: Barney Dixon
A new system proposes using blockchain technology to share a database of musical work metadata to make royalty collection more efficient
Final judgement in Akami v Limelight
07 July 2016 | Massachusetts | Reporter: Barney Dixon
Limelight Networks will pay Akami Technologies $51 million in damages, a US district court has ruled...
Getty Images takes aim at Google
03 May 2016 | Brussels | Reporter: Tammy Facey
Getty Images has filed a competition law complaint against Google with the European Commission over the internet company’s Images search engine...
FAST and V.i. Labs tackle unintentional infringement
11 April 2016 | Maidenhead | Reporter: Tammy Facey
The Federation Against Software Theft and V.i. Labs have teamed up to launch an educational campaign aimed at businesses that unintentionally use unlicensed software...
Oracle demands £9.3 billion from Google
30 March 2016 | California | Reporter: Tammy Facey
Oracle is seeking $9.3 billion in damages from Google, recently unsealed court documents have revealed...
IT manager admits to IP losses
08 September 2015 | Washington DC | Reporter: Tammy Facey
An IT manager has admitted to sending damaging computer code to his former employer’s servers that destroyed the software company’s intellectual property...
EFF critiques Argentine censorship draft
13 August 2015 | Washington DC | Reporter: Tammy Facey
The Argentine House of Representatives debate over reforms to the National Anti-discrimination Act are too broad and ambiguous, says the Electronic Frontier Foundation...