Stream Space — Blokchain Powered Streaming Video on Demand

StreamSpace aims to introduce a novel distribution platform and an ecosystem community that will give consumers an opportunity to enjoy quality film content unavailable from conventional distribution channels, with a secure monetization engine that places more than 90% of payments directly into the hands of the filmmakers. Furthermore, StreamSpace intends to launch a novel financing service that will help filmmakers raise the funds they need to create and produce film projects.

Blockchain and decentralization: how does it work at StreamSpace?

Decentralization is a very innovative and interesting service that is in beta testing phase. Let’s put in a background. Five years ago bitcoin was born, a revolutionary idea centered on a totally new concept, the chain of blocks or blockchain. There are not many who follow the progress of this cryptocurrency, but those who do see how the authentically revolutionary is not the currency itself but the blockchain technology. This element has already been recognized by important people in the technological world, as one of the great advances in the creation of the Internet. Well, I’m not going to talk about bitcoin or the chain of blocks, these concepts are somewhat complicated and require separate entries where we will address the issue. One of the easiest ways to explain the operation of blockchain is through a financial transaction, simulating a transfer from source.

There are nine key components to the StreamSpace platform:

  • Secure storage method of the video content, based in part on Protocol Labs’ IPFS. StreamSpace holds a provisional patent on its method for secure storage
  • Blockchain transaction ledger for enhanced transparency and security
  • Front-end decoder and embedded HTML5 player optimized for video streaming, initially on PCs, followed by the most popular consumer video consumption clients: Apple iPhone, Android smartphones, and so on.
  • Content recommendation engine that helps consumers discover new content that fits their tastes, based on viewing habits and reviews / ratings. Our goal is to lift the restrictions which currently inhibit discoverability by consumers .
  • Secure digital wallet so consumers and filmmakers can manage their accounts and stored assets with confidence. A unique digital wallet format will allow the account value to be held in StreamShare tokens (SSH) and will support transferring to fiat or other digital currencies.
  • Private token exchange that monitors the market value of SPC and SSH tokens, enables the financial transactions between consumers and filmmakers.
  • Community-focused front end for filmmakers to upload their products to StreamSpace’s environment, set prices, and analyze statistics about the popularity or reviews of their content .
  • Social media channels that link filmmakers to each other and to their audiences.

Planned Level and Use of Funds

The maximum distribution will be the sale of 40% of the total number of issued tokens, or 400 million SSH out of 1 billion total tokens . StreamSpace is aware of the potential securities laws associated with this type of fundraising mechanism, and is making every effort with our legal counsel to comply.

Challenge

The movie industry, like other subsets of the entertainment industry, is dominated by a handful of distribution leaders that retain the lion’s share of profits generated in the industry.

There is a strong Pareto effect: most of the industry’s annual revenues and profits derive from a small number of blockbuster films, with large budgets for promotion, frequently 100–200% of the total cost to create the film.

By the time the studios tally up the global revenues and expenses, the small-budget filmmaker typically sees no profit or only a very small return on his investment of time, talent, and money. Furthermore, as many as 80% of the films produced each year are never seen by an audience.

Solution

StreamSpace intends to launch an innovative platform and community that will link creative, independent filmmakers with audiences that seek out quality, edgier film experiences.

There are nine key components to the StreamSpace platform:

  • Secure storage method of the video content, based in part on Protocol
    Labs’ IPFS. StreamSpace holds a provisional patent on its method for
    secure storage.
  • Blockchain transaction ledger for enhanced transparency and security.
  • Front-end decoder and embedded HTML5 player optimized for video
    streaming, initially on PCs, followed by the most popular consumer
    video consumption clients: Apple iPhone, Android smartphones, and
    SVOD portals connected to HDTVs (including Google Chromecast,
    Roku, Microsoft Xbox, Apple TV, Amazon Fire, etc.).
  • Content recommendation engine that helps consumers discover new
    content that fits their tastes, based on viewing habits and reviews /
    ratings. Our goal is to lift the restrictions which currently inhibit discoverability by consumers.
  • Secure digital wallet so consumers and filmmakers can manage their
    accounts and stored assets with confidence. A unique digital wallet
    format will allow the account value to be held in StreamShare tokens
    (SSH) and will support transferring to fiat or other digital currencies.
    A second digital wallet will be created to reward the individuals who
    support the network by offering storage capacity for content. This
    second token system will be called StreamSpace Coins (SPC), which
    will be convertible to SSH.

Technology

  • Digital Wallet & Smart Contracts
    One of the great design advantages of Ethereum is the Ethereum Virtual Machine (EVM) that can execute smart contracts submitted to run on the Ethereum chain.
  • Binary-Chain Blockchain Protocol
    As discussed by Vericoin’s Douglas Pike, creator of the Binary-Chain system, current cryptocurrencies face a challenge in attempting to be both a rapid currency for enabling transactions and a secure store of value
  • Distributed Storage Network
  • Quality of Streaming Video Content: StreamSpace uses Dynamic Adaptive Streaming over HTTP (DASH), which ensures high quality streams over the internet. The original video file is split up into many smaller video file segments of many bitrates and resolution
  • Crowdfunding Service for New Films: There have been a few examples of token sales expressly designed to support the funding for new film or video projects; further information about some of these projects is provided in the Competition Section
  • Content Player and DRM: The film enthusiast may prefer to watch on a large fixed viewing screen, such as a 4K+ UHD TV, a standard 720i or 1080p HDTV, a laptop or desktop, with a wide range of screen resolutions, or even a mobile phone or tablet, today commonly with FHD 1920 x 1080 or QHD 2560 x 1440 resolution
  • Recommendation Engine
    StreamSpace believes that the recommendation engine is a core differentiator from conventional SVOD services

For Information

Website: https://www.stream.space/
White Paper: https://www.stream.space/pdf/StreamSpace_White_Paper.pdf
ANN: https://bitcointalk.org/index.php?topic=2214904.0
Twitter: https://twitter.com/streamspaceinfo
Facebook: https://www.facebook.com/streamspace
Reddit: https://www.reddit.com/r/StreamSpace/

 

https://bitcointalk.org/index.php?action=profile;u=893090

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Арсен Айбазов

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