The Rights Infrastructure Is Broken
According to Hypebot, the music industry's metadata systems are "fragmented and inconsistent," causing royalty payments to get lost or delayed for months. There is no unified global ownership database. Each PRO, each publisher, and each streaming platform maintains its own version of who owns what — and they often don't match.
The result: according to the MLC (Mechanical Licensing Collective) in the US, there are $561 million in unmatched mechanical royalties, with roughly $9 million added every month. Money that belongs to songwriters and producers but that nobody can collect because the metadata doesn't line up.
What Blockchain Brings
Blockchain technology offers three properties that fit this problem perfectly:
Who's Already Doing It
Adoption isn't theoretical. Real projects are leading the way:
It Doesn't Replace PROs, It Complements Them
As Music Business Worldwide cautions, "blockchain might revolutionize music royalties, but mass adoption won't happen overnight." The technology doesn't aim to replace SGAE, ASCAP, or BMI. What it does is add a layer of verifiability and transparency that these organizations still don't offer.
How We Use It at SPLEET
At SPLEET we use NEAR Protocol to seal every agreement on blockchain:
This seal doesn't replace registration with your PRO, but it adds immutable proof that the agreement existed on a specific date with specific terms. If there's ever a dispute, you have evidence that nobody can tamper with.