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27 September 2020

Russian star transfers song rights on blockchain as major labels watch

Russian star transfers song rights on blockchain as major labels watch


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Russian pop singer Oleg Kenzov has completed the first digital rights transfer of a song he wrote using a blockchain platform backed by the government.

The historic blockchain rights transfer was held in the presence of top music industry players from major record companies and labels such as Warner Music Russia, Sony Music, Universal Music, Zhara Music label, among others.

Music companies expect the technology to streamline the distribution of musical creations from local artists, by making it easier for all the parties involved to transfer digital rights.

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