Web3 in Plain English

Real-Life Web3 Use Cases - Streaming Music and Artist’s Royalties

Show Notes

Web3 Use case for Streaming Music:

Spotify could work with the Music Rights Holders and artists to create a smart contract, code on the blockchain, that would do the following:

  1. The customer listens to an artist’s song using Spotify.
  2. As the customer plays the song on their phone, the Spotify app on the phone will communicate with the smart contract on the blockchain.
  3. The smart contract will record the number of times the song is streamed on the blockchain.
  4. Spotify will pay the Music Rights Holders based on the number of times that song has been played, which is publicly available for everyone to look up on the blockchain.
  5. Then the Music Rights Holders will pay the artist.
Charlie Warzel’s excellent article - The Petty Pleasures of Watching Crypto Profiteers Flounder

Loud & Clear: How the Money Flows From Spotify to the Artists

What is Web3 in Plain English?

Web3 in Plain English. So much of the tech content explains Web3 with buzz words and overlong articles that make no sense. This podcast will explain practical Web3 use cases that are easy to understand.