MAYBE. You have way more faith than I do regarding the ability for blockchain to stop people from being biased in their own favor.
If Spotify controls the funding and management of the project - they can still have a large impact on what happens.
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Steemit inc. basically owns steem, even though technically the steem blockchain is open source. Hopefully steem has been designed sound enough to resist a hostile takeover. Mediachain is in a much diferent position, not vulnerable to the same "custodian" problem that faces steem.
Surely Spotify will attempt to design a system that brings them value, that is on them. They are hoping this system will be valuable to others too; creating a positive feedback loop as the service becomes more useful to Spotify as others use it. The whole point of these services and blockchain in general is every actor is assumed to be biased in their favor. This design decision is the entire reason systems like Mediachain are so important.
"The whole point of these services and blockchain in general is every actor is assumed to be biased in their favor"
good point!