Unpaid royalties are significantly impacting artists' earnings worldwide, with the music industry facing a fundamental problem in royalty calculations and payments. Limp Bizkit's lawsuit against Universal Music Group sheds light on intentional royalty concealment, highlighting the dire situation for both established and emerging artists. The root cause lies in metadata discrepancies across various databases, leading to missed payments and inaccurate crediting. Blockchain technology emerges as a potential solution, offering transparent and secure tracking of royalty payments. Despite challenges like slower transactions and limited adoption, blockchain presents a promising alternative to the current flawed systems. Initiatives like Ripe Capital, Audius, and Myco are leveraging blockchain to revolutionize royalty payments, providing artists with fair compensation and investors with transparent opportunities. Collaboration and innovation in the music industry can pave the way for a more equitable and efficient royalty payment system, ultimately benefiting all stakeholders involved. Read more AI-generated news on: https://app.chaingpt.org/news