Rene Jimenez | The Convergence of Blockchain and AI in Entertainment

Renejimenez05 Sep, 2024Business

While blockchain and AI each bring distinct benefits to the music and entertainment industry, their combined potential is even more transformative. Together, these technologies can create a more transparent, efficient, and engaging ecosystem for creators, distributors, and consumers. Smart Contracts and AI for Dynamic Pricing: Imagine a world where the price of a concert ticket or a digital album dynamically adjusts based on demand, similar to how ride-sharing services adjust fares. AI algorithms can predict peak demand periods, while blockchain-based smart contracts can automatically adjust pricing in real-time. This ensures that creators and rights holders maximize their earnings while also giving consumers more pricing flexibility. Rene Jimenez