MIT Technology Review: The Promise of the Open Music Initiative
Panos Panay, founding managing director for BerkleeICE, was invited to speak at a conference held at the MIT Media Lab. The event titled Business of Blockchain, aimed to discuss how a blockchain powered distributed ledger can benefit industries ranging from finance and health care to music.
In the video below, Panay discusses how the music industry has evolved from record stores to streaming services, and how technology continues to revolutionize the industry. Additionally, he shares the mission of the Open Music Initiative to create a common industry standard that will aid creators and companies alike in tracking and managing their rights while expanding creative tools for a new digital era.