In addition, the blockchain is finding broad application across various industries; everyone from Microsoft to J.P. Morgan Chase is investing in the technology. The music industry might be the next field to recognize that the blockchain is capable of far more than just accounting for cryptocurrencies.

This summer, EDM artist RAC released his latest album, Ego, on the Ethereum blockchain. It is the first LP to be distributed on the blockchain. The album is hosted on an interplanetary file system; fans will purchase the album using Ether, the native currency for the Ethereum blockchain.