There’s a lot of excitement within the music industry about the potential for blockchain technology, from Benji Rogers’ Dot Blockchain Music , to experiments like Imogen Heap’s Mycelia , and emerging startups like Jaak , Stem , Paperchain , Superational , Ujo Music and others. However, there are also sceptics who question whether blockchain technology can have the impact on the recorded-music ecosystem that has been claimed. One of them is Kevin Bacon, the musician and producer who also co-founded independent distributor AWAL and ran analytics platform BuzzDeck, and has advised a range of music and tech companies. At our NY:LON Connect conference this week, Bacon beamed in with a short speech outlining his views on blockchain technology, and why it may not be the saviour for the music industry after all. Here’s a full transcript of his address: “I think we’ve all been exposed to some element of blockchain over the last year or so, whether it be Imogen’s project, or Benji, or many of the other news items and reports across the BBC etc which talk about how potentially blockchain could save the music industry, the record industry. Well, I don’t think that’s going to happen. First […]

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