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# The Music Industry Still Doesn’t Understand Blockchain Tech
- URL: https://www.hypebot.com/the-music-industry-still-doesnt-understand-blockchain-tech/
- Published: 2017-09-13T11:59:00.000Z
- Updated: 2017-09-13T11:59:00.000Z
- Description: Here Bryce Weiner responds to a recent article explaining why the music industry can't be put on a blockchain, addressing several fallacies within said article and providing further research on. Continue reading [https://www.hypebot.com/hypebot/2017/09/the-music-industry-still-doesnt-understand-bloc
- Author: Guest Author
- Tags: Music Business, Music Tech, Bitcoin, Bitcoin network, Blockchain (database), Cryptocurrency, Ethereum, Fee, IBM, International Business Times, Market capitalization, New York City, #wp, #wp-post, #Import 2026-01-21 10:05

[![0001](http://hypebot.typepad.com/.a/6a00d83451b36c69e201b7c91f9ff6970b-200wi "0001")](http://hypebot.typepad.com/.a/6a00d83451b36c69e201b7c91f9ff6970b-popup?ref=hypebot.com)Here Bryce Weiner responds to a recent [article explaining](https://www.hypebot.com/why-you-cant-put-the-music-industry-on-a-blockchain-excerpt/) why the music industry can't be put on a blockchain, addressing several fallacies within said article and providing further research on the topic in question.

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*Guest post by *Bryce Weiner* on [Medium](https://medium.com/@BryceWeiner/the-music-industry-still-doesnt-get-blockchain-technology-9e3cda5113ab?ref=hypebot.com)*I was having a lovely Sunday evening when one of my business partners linked me a story from [Hypebot mentioning my project](https://www.hypebot.com/why-you-cant-put-the-music-industry-on-a-blockchain-excerpt/), the Tao Blockchain (symbol: XTO).The story was entitled “Why You Can’t Put The Music Industry On A Blockchain” which was about the only thing accurate in the article. I will let other projects defend themselves, however I’d like to address the absolute fallacies which the author suggests as truth. Apparently this guy wrote a book that people buy, so this is a worthy effort to show how off-base his commentary truly is. This is a prime example of blockchain “fake news” created from poorly researched material.**Disclaimer: the author made no effort to contact me to ask any questions about the project prior to publication. I am returning the favor.**

![](https://storage.ghost.io/c/3a/95/3a957c06-c825-4057-9939-0a274cc16d23/content/images/cdn-images-1-medium-com/max/1600/1_r1su029buv_gik88qfoz0g.png)

[![1](http://hypebot.typepad.com/.a/6a00d83451b36c69e201b8d2a9f384970c-200wi "1")](http://hypebot.typepad.com/.a/6a00d83451b36c69e201b8d2a9f384970c-popup?ref=hypebot.com)Just… wow. First of all, tokens are not “shares.” Tao is a “naked” blockchain: it is not a token running on another network, it is an actual self-sufficient public blockchain. It has nodes and exchanges and third parties. The network operates via Proof of Stake, which requires pre-existing distribution. The Tao Network Proof of Stake has an automatic 4% annual return on the amount held in the wallet for a specific period of time. There is no additional effort required to receive the 4% other than possession of the token. Even to make the suggestion that what was sold was “shares” or “unregistered securities” borders on libel as it illustrates a complete lack of understanding of securities regulations as well as the specifics of blockchain consensus.Tao is the ***only project mentioned*** to have it’s own self-sufficient blockchain specifically designed for rights management applications in the music industry. Every other project relies on technology from a third party over which they have no control.Second, Tao is operated as a distributed autonomous organization or DAO. “The DAO” was a smart contract based wealth re-distribution scheme that was designed to launder money. Bitcoin is a DAO, in the manner of Tao. Neither are anything like “The DAO” in form or function.What the Tao Project has [released so far is a prototype version of our Infiniti Protocol,](https://github.com/infinitiprotocol?ref=hypebot.com) which allows what is known as “Object Relational Mapping” or “ORM” between blockchains. This means if you put your rights or data on one blockchain, another blockchain or non-blockchain platform can easily consume the data.[We are also one of the few projects with actual rights data in a blockchain that may be independently verified.](https://www.linkedin.com/pulse/taology-using-math-establish-creative-authenticity-bryce-weiner?ref=hypebot.com) We have a patent pending on the process.We are blockchain experts. We have surrounded ourself with music industry experts, not all of which agree. What we ended up with is a solution for the solutions that create more problems than they solve, which is the point that the author missed entirely.

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