MONVID - A wholly new way of video streaming

khuongcute2503 (29)in #ico • 6 years ago

Hi guys!

As we all know, streaming videos has become one of the most popular things in our daily lives. However, the current way of streaming videos was outdated with a lot of problems; therefore, a project was started to solve these all. That is Monvid.

1.FIRST AND FOREMOST, WHAT IS MONVID?

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. The founders wanted to give people the experience of watching their favorite videos without any restrictions irrespective of where they are. Their vision was to use the blockchain technology.

2.HOW DOES IT WORK?

Monvid platform is going to be developed to function in 2 different ways:

Peer-to-Peer Video Sharing: This allow content owners and video creator to share their videos for everyone to see for free without any fees and this video can then be rewarded by the community members.

Whenever a user watches a creator video and would like to support their work, they can reward the creator with some MVID (Monvid Token). These rewards may depend on the quality of the creator’s videos and the streaming quality that the community members got. This type of streaming is transparent, flexible and private.

Proxy Video Streaming: Monvid platform allows users to be able to bypass any restrictions that would have hindered it from streaming videos on the normal centralized platform.

Due to its decentralized nature, the user can create a bridge between the platform and themselves using their computer from wherever they are.

3.WHAT PROBLEMS OF THE CURRENT MARKET AND WHAT MONVID DO TO DEAL WITH THEM?

The demographics of the world is changing: Film producers and film sales agents sell films to local distributors for distribution in their country or territory. For most films, there is little or no incentive to sell a film in underdeveloped countries. This is because of the high risk – low reward which these countries offer.
The need for better hardware and faster internet is growing: the hardware and internet connection speed necessary to access the films now and in the future makes it increasingly inaccessible for non-developed country users.

Users do not want to pay the same to watch a popular movie as a not-so-popular one.
Many possible users do not have banking access or credit cards: Traditional video on demand players will only accept payments via credit card, PayPal or gift cards. However, an estimated 2 billion working-age adults globally do not use formal banking services nor have access to a credit card.
There are a lot of such strong competitors in the same market monvid is going to join.

How can Monvid deal with these problems?

We all know very well about Netflix, Youtube, or Amazon Prime, how can Monvid survive in the same market with these big company?

Monvid team believe the freedom of video and movie streaming is the key of success, which other competitors are not providing this.

Privacy — the blockchain technology which Monvid is based on will ensure that every content creator and user’s personal information is safe and secured. Its decentralized nature ensures that there are no any central servers or companies that control anything on the platform, which means information is stored only on the blockchain and are usually encrypted.
Cost efficiency — Monvid distributed and decentralized network allows content creators to share their resources with the community members free and the users stream these content for a lot less than what is been charged. Unlike the centralized platform that is around now where users have to pay a subscription fee and usually don’t have any say in how much they pay. With Monvid, content creators control the costs of their videos themselves and the community members’ reward and rate them based on the quality
No Advertisements — Monvid aim to give its viewers the abilities to stream videos online on the platform without any advertisements cutting in or disrupting the whole experience.
Blockchain technology: The developers and the team of Monvid is focusing on the new technologies, which makes the platform possible to deliver the contents easily in underdeveloped countries and other countries.

With this technology, the platform intends to store packets of the contents of the blockchain which is highly encrypted and can’t be controlled by any agency or government.

The application will be decentralized and the contents will be stored on more than one server, so instead of being served by one central server, the user gets served by the nearest server close to them, thereby enabling them to bypass all restrictions and censorships with ease.

4.ROADMAP:

To indicate more about Monvid's plan for the future, I'll show you guys their clear roadmap:

5.THEIR TEAM:

And other talented members:
Monvid team believe that the cryptocurrency in the video streaming market will be the next big thing, and this is why this idea and this project is one of the most interesting projects in the current and the future period of cryptocurrency world. We can rely on the most experienced members who have a lot of knowledge in developing application of Monvid.