The media industry has made attempts to solve some of these problems in the past, however, their value propositions did not extend far enough. Centralized nature of media applications cause problems for music creators that include loss of revenue from advertising, non-portable reputation and lack of transparency into news feed algorithms.
Decentralization is the solution to all of these issues…
Artists could publish a cryptographic hash of ownership information of the digital music file, on the blockchain. Additionally, the blockchain could also have a smart contract, which contains the instructions, and terms about the way artists would be compensated for their music. Thus, instant and automatic payments will be made to the concerned stakeholders, eliminating the need for middlemen and bringing complete transparency to the network.