STARTUP TO DEVISE YOUTUBE ON BLOCKCHAIN

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Startup to devise youtube on Blockchain

• Technology is the key driver of growth. And the
  latest technology which has taken the world by
  storm is Blockchain. Blockchain or DLT came into
  existence ten years back, and since then it has
  evolved in the last one decade. Not only it aids
  digital currency, but at the same time, the
  researchers and developers deciphered other uses
  of the blockchain.

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• The objective of this development was to create a
  platform which can ensure seamless business
  operations. Moreover, having a transparent system
  provides everyone in the system reaps the benefit
  out of it. There have been various developments
  in this domain, many big names are working to
  explore various uses of DLT, and one of them is
  the use of blockchain to build next-gen business
  models and Content Delivery System for video
  streaming.

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• Currently, the Content Delivery System industry
  is growing at a breakneck pace. As per the
  reports of Theta Labs the video streaming market
  now accounts for 67 of the current internet
  traffic and is expected to reach 82 by 2020.
• Various video streaming companies promise to
  create a system which is decentralized and making
  it more efficient and effective. Here is a list
  of a few new players working to create
  decentralised players in the market

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LBRY-

• It is a blockchain-based content delivery
  platform which aims at transforming the
  monetisation aspect of the CDS by creating an
  alternate way to pay the creators of the video.
  It would eventually challenge the current market
  leader YouTube. LBRY will enable the video
  creators to publish their content online and make
  their content discoverable by making small
  payments using LBRYs cryptocurrency token. The
  viewers pay the video creators in cryptocurrency
  token.

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• In this system, the viewer and the creator
  directly interact with each other, and the
  creator directly gets the money without the
  interference of the third party. To understand
  the problems of the current content delivery
  system, LBRY has brought in 4000 YouTubers which
  will help them understand the demographics. An
  important parameter of hiring these recruiters is
  that they have 500000 subscribers. It again poses
  to be an excellent challenge for YouTube.

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Theta Labs-

• The company already mentioned that the Content
  Distribution Market is going to rise and with the
  intervention of Blockchain Technology we can
  ensure that the market becomes evenly paid,
  transparent and open.
• Theta Labs, a subsidiary SLIVER.tv which is a
  live video streaming company. It is coming up
  with a blockchain-based platform which is a
  decentralized video streaming network. The
  company aims at creating a revolution in the
  digital video streaming market similar to what
  YouTube did in 2005.

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• The company aims to address the most significant
  challenges of the current video streaming
  industry. Currently, the biggest problem is the
  high cost of delivering videos, and the problem
  seems to be expanding with the surge of HD, 4K,
  and other high-quality video streams. The
  company is developing a blockchain-based network
  which will enable the users from across the globe
  to share their video contents with others in the
  system, while mining Theta Tokens.

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• This new decentralized and peer-to-peer network
  will be more efficient and allow high-quality
  streaming. All this will come at a minimal or no
  cost of content delivery system infrastructure.

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Stream

• This is an Ethereum based platform which has
  received funding of 5 million to support this
  platform. The objective of this platform is to
  facilitate a direct transaction between the
  content creator and the consumers. And guess
  what, it comes at no infrastructure cost. The
  objective of this platform is to help the content
  creators get the right share of their expense. It
  aims at saving the content or video creators time
  while allowing them to get a fair share for their
  work. All this happens without being subjugated
  by other video running platforms. STREAM will
  allow direct interaction between the content
  creator and the viewers.

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• The rise of so many startups in the content
  distribution system showcases how blockchain is
  set to revolutionise all the industries.
• Today YouTube stands as a robust Content
  Distribution System and remains unchallenged, but
  with the surge of such blockchain based
  decentralized platform, we can soon expect it to
  overtake YouTube.

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What makes Blockchain so inevitable?

• The reason why so many companies are making an
  effort to come up with a decentralized platform
  is to help the video creators get the fair share
  of their work. In the current system, everything
  is centralised and is governed by a third party
  which not only consumes time but at the same
  time it also creates an unfair payment system.
  With the blockchain based system, we can expect
  to have a system where there is no interference
  of the third party, and people can get the right
  share of their work.
• Learn more about Blockchain

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Blockchain Council Certifications

• You can check out our certifications, and kick
  start your career in the Blockchain space today.
• Certified Blockchain Expert
• Certified Blockchain Expertv2
• Certified Blockchain Developer
• Certified Smart Contract Developer
• Certified Solidity Developer
• Certified Ethereum Developer

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