Published on November 22nd, 2017 | by bitcoin0
Video flagers Have More benefit with These New Blockchain Startups
Innovative technology companies are leveraging blockchain technology to build next-generation business models and Content Delivery Networks (CDNs) for video streaming, a multibillion-dollar industry that continues to grow.
The new players promise to decentralize global video streaming, while at the same time making it more efficient.
The LBRY protocol allows creators to publish online, making their content discoverable with a small payment in LBRY’s own cryptocurrency token.
“[Blockchain technology] allows us to build technology that’s owned by the users rather than any one party,” Kauffman said.
“That’s the problem that blockchain [technology] solves.” Kauffman explained that under the LBRY model, creators are paid without an intermediary taking an inappropriately large cut.