How Secure Is A Content Streaming With Blockchain Technology?

by Blockchain council Blockchain certifications

Even if you have rudimentary knowledge about cryptocurrencies, then you would have come across the term, Blockchain Technology. The technology is no more an alien concept, with a history of 10 years, this technology has been smart enough to become potential to impact almost all the business niches. Blockchain platforms offer a safe and secured medium for information and data exchange. More and more companies are hiring Blockchain experts for seamless integration of Blockchain technology with their business operations. 

Blockchain platforms like Hyperledger, Corda offer enterprise solution for safe and secured transactions. Amongst the many use cases of Blockchain, one of the areas which can benefit from it is video streaming.

 

Online video streaming has become very popular, what if you can get content on-demand and at that too at legitimate pricing. Problems of copyright, IPs and right pay has been haunting the online video streaming industry. How will Blockchain put an end to it?

Let us explore this ahead.

 

Blockchain technology and video streaming

Let’s see what the big names dominating the video streaming industry are:

1. Amazon Web Series- 34%

2. Microsoft- 11%

3. Google Clouds- 8%

Amazon Web Series is so big that it generates more than $10 billion annual revenue. It provides video content for bog names like Netflix.

 

Video streaming offers have a higher cost of storing the content on servers. All these costs born by the controlling companies are often trickled down to the content creators. As the cost increases, so is the cost that the user has to pay also increases. To save both the parties, Blockchain can work as a buffering platform. The technology promises to cut down the cost by increasing the direct access to the revenue earned by the content creator.

 

The smart contract technology offered by Blockchain can be very helpful in this case. The content can be stored and shared under the heavy secured and encrypted system.

 

At this point, it becomes important to mention that the current Blockchain platforms cannot combat the higher video-streaming demands, but there are new developments taking place that will aid video-streaming. Blockchain-abled companies are being built to enable faster transactions. Miners can load the software on their computers or servers and then rent the excess computer space. Thus they can get rewards in the form of cryptocurrency or tokens.

On the same line, miners can store the video on their excess disc and stream it with their excess bandwidth. This will eventually lower the cost of distributing the video.

 

A transformation is coming:

The growth of technology is slowly paving the way for new developments, and Blockchain is definitely one of them. It is going to impact the video streaming industry similar to what it did to the supply chain management and finance industry. It will soon become ubiquitous and will offer a plethora of job opportunities for every individual who is seeking to make a career in the field of technology.

 

If you are looking for enrolling for the top Blockchain certification program, then Blockchain Council is going to offer you the right learning program. The exhaustive Blockchain certification program has been curated for both the fresher and the professionals. If you wish to become a Blockchain expert, then this online Blockchain certification program by Blockchain Council is the right choice for you.

 

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Created on Apr 24th 2020 02:35. Viewed 367 times.

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