TangleTunes: A P2P Music Streaming Service on the IoTA Distributed Ledger

Abstract

Motivated by the need for an equitable and decentralized music streaming service, this paper presents a comprehensive solution focused on ensuring fair compensation for creators of musical content. It is anchored in five critical design principles: Security, scalability, anonymity, legality, and user incentivization. The implementation utilizes the IoTA distributed ledger technology to align closely with these essential criteria. Thereby offering valuable insights on the inherent challenges and possibilities of this innovative technology. The proposed solution consists of four primary components: a user-friendly mobile application enabling intuitive music playback, a distribution software that simplifies the dissemination of music, a website facilitating music management, and a smart contract that forms the decentralized foundation for handling payments and storing metadata. The study also incorporates a detailed analysis of the platform's scalability, focusing on its ability to accommodate an expanding user base and increasing data volume, ensuring sustained performance and security. Significant strides have been made in designing user-centric interfaces for decentralized music streaming, establishing a robust validation system to safeguard intellectual property rights, and pioneering novel strategies to optimize music distribution within the platform.