Disrupting Video-On-Demand Streaming with Blockchain

Disrupting Video-On-Demand Streaming with Blockchain

The leisure has been significantly impacted by cell applied sciences comparable to 3G, 4G, and video streaming on demand. Corporations like Netflix, Twitch, HBO, and Amazon Prime leverage the facility of the Web to offer higher viewing experiences to common customers on the world scale. As individuals’s curiosity in video leisure switches to smartphones and tablets, cable TV is shedding floor.

A brand new know-how has risen above the remainder to disrupt on-demand video streaming as effectively. With its capacity to implement “sensible contract” programs to ease transactions, present higher transparency, and enhance processes, blockchain know-how enters the stage with sharing and content material storage capabilities that transcend what Netflix at present offers.

Video-On-Demand Powered by Blockchain

Slate Leisure Group (SEG) is ready up by Binge Media to develop decentralized platform SLATE powered by the SLX utility token. The blockchain-based VOD (video on demand) service will likely be an leisure utility protocol that adheres to a multi-layer community: BVOD (blockchain video-on-demand), the digital ticketing app Slatix, and the SLX utility token to allow entry to premium leisure. On the core of SLATE lies an immutable, distributed ledger meant to make sure reliable fee programs, seamless transactions, and structured incentives.

Slate’s SLX token goals to disrupt the leisure economic system and grow to be a common digital forex utilized by all platform customers.  With blockchain at its core, the decentralized ecosystem will ship high-definition, quick, and inexpensive media entry to customers worldwide. For service suppliers and content material creators, the token can be utilized to offer entry to unique leisure companies on the Slate platform.

Binge goals to leverage distributed ledger know-how to grow to be the primary business platform for conveniently-priced, scalable video-on-demand streaming companies. Slate token holders will likely be unique customers of the platform with full entry to a tokenized ticketing system, industry-leading open analytics, unrestricted world entry, and extra.

Slate’s unique ticketing system, SLATIX, is the decentralized resolution designed to forestall fraudulent ticket gross sales, slash end-user charges, and grow to be a dependable fee conduit of Slate for sporting occasions, motion pictures, theater performances, and live performance venues. Contemplating that blockchain know-how guarantees to trace, retailer, share, and confirm person data, bought tickets with SLX tokens are immediately transferable however not possible to faux. The utilization of Slate’s SLX utility token is best highlighted within the video under:

Slate Publicizes New Partnerships and Change Itemizing

To hurry up the mass adoption of the SLX token and lift consciousness about its potential to disrupt the leisure , Slate attended this yr’s Cannes Movie Competition, the place it acquired full rights to video stream the upcoming crypto documentary “Past Bitcoin” through its BVOD platform, Binge. Watch the brief teaser trailer under:

Throughout Cannes, SEG shaped a strong partnership with Spanish movie competition SIFF. For the primary time, a centralized group within the movie will present cryptocurrency as a substitute fee methodology for buying tickets.

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