Global Music Asset Assurance Digital Currency : A DRM Solution for Streaming Content Using Blockchain

Abstract

The amount of piracy in the streaming digital content in general and the music industry in specific is posing a real challenge to digital content owners. This paper presents a DRM solution to monetizing, tracking and controlling online streaming content cross platforms for IP enabled devices. The paper benefits from the current advances in Blockchain and cryptocurrencies. Specifically, the paper presents a Global Music Asset Assurance (GoMAA) digital currency and presents the iMediaStreams Blockchain to enable the secure dissemination and tracking of the streamed content. The proposed solution provides the data owner the ability to control the flow of information even after it has been released by creating a secure, selfinstalled, cross platform reader located on the digital content file header. The proposed system provides the content owners' options to manage their digital information (audio, video, speech, etc.), including the tracking of the most consumed segments, once it is release. The system benefits from token distribution between the content owner (Music Bands), the content distributer (Online Radio Stations) and the content consumer(Fans) on the system blockchain.