Video streaming is largely controlled by the industry giants such as Netflix/Maxdone, YouTube/Vimeo, Amazon Prime, Sky etc, thus giving them opportunity to become dominant force in the market. However, these giants mostly operates a centralized system which possess immediate and potential limitations especially in terms of payment across international countries, reward models, privacy/copyright infringement etc.
Fortunately, due to technological advancement, a new startup known as Monvid seems to to be very much prepared in disrupting the video streaming industry by utilizing the full potential of blockchain technology.
'The Monvid platform is a decentralized community network which uses the blockchain technology to cut-pass restrictions, filters, and censorship to deliver a video streaming service platform that is easy to use and advert free'
Although the Monvid platform is still undergoing development stage, its vision has attracted much more attention from a global fans of video streaming, films, TV-programs etc having difficulties in accessing their favorite movies/videos.
With the proposed Monvid platform, movie/streaming fans around the world will be able to access their favorite movies/videos and stream online because all restrictions and censorship challenges would be bypassed.
The peer-to-peer video sharing functionality of Monvid platform will allow content creators to share their content (videos) for everyone to see without any fees and still get paid based on the quality of his/her video.
Another feature of Monvid platform is the proxy video streaming which allow users the opportunity to bypass any restrictions capable of hindering video streaming. This is made possible via the Monvid App usable in any country of the world. Since the platform only accept stream packets, users will still be save.
Monvid will be competing with video streaming giants like YouTube/Vimeo, however Monvid has a clear edge cutting advantage by leveraging on blockchain technology which offers much greater advantage than centralized systems. The following reasons will keep Movid ahead of its competitors
š„ Monvid platform is decentralized, which means users will be in full control over their privacy. Unlike centralized systems where users information are in the hands of third parties.
š„ Monvid platform is cost efficient, users will be able to stream videos at a very low fee while content creators will be able upload videos for free and still get rewarded for doing so. Furthermore, content creators will be able to control the cost of their video.
In centralized systems, content creators have no control over their videos, third parties decide and control pricing while also charging subscription fees.
š„ Users informations as well as that of content creators are encrypted so as to avoid any possible data hack.
š„ There will be no advertisement distraction during video streaming.
The team behind Monvid project is another point of interest especially to investors as they believe an experienced team with relevant expertise will contribute largely to success.
Monvid team is completely experienced and educated, they are poised to building a better solution for the future streaming platform as being reported by their whitepaper. Monvid team is headed by Antonia Jacobs as CEO and co- founder alongside other members. The alpha version of Monvid platform is planned for release by third quarter(Q.3) of 2018 right after finishing ICO.
Regarding public presence, it is mostly believed that a strong and professional presence is essential for the long term success of a company as well as the health of its token.
Monvid project operates social handles such as telegram group, Facebook handle, Twitter handle, Instagram etc as part of its public presence. Telegram group where most direct interactions between investors and team has got about 5.8k members, Facebook handle has got about 3.095k followers while Twitter handle has got 2.025k followers.
The ICO is ongoing and slated to end by August 31st, 2018, with about 86% of the allocated tokensale already achieved.
Monvid project has received positive ratings from experts across blockchain and cryptocurrency too.
Interested potential investors can find more information via the links below.
Attention: This piece is intended for promotion and not financial advice.
Source/official links:
Website: https://www.monvid.io/
Whitepaper: https://monvid.io/docs/white-paper.pdf
Twitter: https://twitter.com/monvid_io
Telegram: https://t.me/monvid_io
Authored by Torps1: https://bitcointalk.org/index.php?action=profile;u=1291920