Summit
2016
April
1-2, Washington DC
Session 4: Friday 3:30
Moderator: Robert Garfrerick
Richard Strasser
Associate Professor
Northeastern University
Music Crowdsourcing: Redefining the Relationship between Organization,
Artist, and Audience
Crowdsourcing has transformed art audiences from passive consumers to
empowered co-creators. Given the current state of the performing arts
sector, many institutions are showing increased interest in developing
participatory projects to meet financial, programmatic, and audience
demands. Even with this goal in mind relatively few organizations are
able to integrate crowdsourcing projects into sustainable business
models. This article analyzes numerous crowdsourcing activities to
identify specific criteria required to integrate the processes into
successful operational business models. The results will provide
guidance for managers who need to create new or transformative art
organizations to meet current and future internal and external demands.
George Howard
Associate Professor, Music Business/Management
Berklee College of Music
Blockchain Technology and The Arts
In the past year, Blockchain Technology has moved from something that –
if spoken of at all – was relegated to conversations about bitcoin.
Now, Blockchain is a dominant conversation topic, not only around
finance, but as it relates to the arts, generally, and the music
business, specifically. The reasons for this increased level of
discourse are many, but relate to three key components of Blockchain
Technology:
It is a distributed ledger
Because of the distributed nature of the ledger, it is immutable, and
accessible to all
A core component of Blockchain technology is the concept of Smart
Contracts, which allow for transactions to occur at scale and without
intermediaries
Still, confusion around the plausibility and relevance of Blockchain
Technology remain; with some viewing it as a panacea to all things that
plague the 2016 music industry, and others viewing it as without merit.
Over the past year, I have authored dozens of articles on Blockchain
Technology and the Arts, conducted dozens of interviews with key
thought leaders in the Blockchain Tech space, spoken at dozens of
events on Blockchain Tech, and consulted with numerous companies and
entrepreneurs in this space. Additionally, I have introduced Blockchain
Technology into many of my classes at Berklee – from Copyright Law to
Emerging Business Models – and have found widespread interest from
students. This paper will consolidate my findings and offer
recommendations with respect to:
How best to understand Blockchain Technology, generally
How best to reconcile Blockchain Technology with artistic endeavors
How best to integrate the concepts of Blockchain Technology in the
classroom