"The song file would be embedded with all the information for the songwriters and the samples used," the singer born Victoria Hesketh explained. The blockchain code would instantly verify when and how a song is used commercially — in a social media video, on a streaming service or in an independent film — and immediately pay out everyone involved, making an end run around labels and publishers that can take months to cut those checks.

Source: Los Angeles Times May 09, 2018 19:41 UTC