Indonesia adopts blockchain to grow music industry IP
Irfan Aulia, who runs Massive Music Entertainment, wants to launch the Portamento project to help Indonesian musicians who have uploaded their works to the database to track and monitor downloads and usage of their music online, in order to calculate royalties due.
“By matching and commercializing the database, the metadata, we believe the Indonesian market for copyrights will increase over five to ten years,” says Irfan. “Basically, we are creating our own big data which will be accessible to all users. This is actually the goldmine.”
Indonesia has around two million music works, of which only 300,000 are recorded. This missing intellectual property could play a key role in the development of the creative economy, says Hasan Kleib, Indonesia’s ambassador to the United Nations in Geneva.
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