1 Introduction Blockchain technology The creative industries Methodology Conclusion 2 the internet of value From bitcoin to blockchain Blockchain 2.0: smart contracts and DApps blockchains and value Incorporative and radical applications Conclusion 3 Opportunities for the creative industries Ownership Attribution Distributed IP databases Distributed ownership Smart, transparent payments and licensing Licensing Royalty payments Transparency Increased control Setting parameters for pricing and using creative works Setting parameters for pricing and using tickets New business models Consumption data Digital scarcity Smart droit de suite payments Tokens Conclusion 4 Barriers to adoption Political Economic Social Technological Legal Environmental Conclusion 5 Risks of adoption Political Economic Social Technological Legal Environmental Conclusion 6 Conclusion and recommendations Reasons to act Recommendations Recommendation 1: Embed blockchain technology in the Industrial Strategy and creative industries 'sector deal'. Recommendation 2: Establish a cross-sector, cross-departmental blockchain working group. Recommendation 3: Publish clear guidelines on the treatment of cryptocurrencies and tokens Recommendation 4: Establish blockchain innovation hubs around the UK. Recommendation 5: Invest in the blockchain talent pipeline through schools and universities. Recommendation 6: Extend the FCA sandbox programme to include tokens and industries beyond fintech. Recommendation 7: Consider how best to regulate cryptocurrency exchanges in the UK. Recommendation 8: Take the lead in working towards global, multi-stakeholder blockchain governance. The future is distributed
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