Streaming Valuable Content with On.Live
The Blockchain Technology has blown up ever since the success of Bitcoin. It has introduced the world to Distributed Ledger Technology and cryptocurrency. And is now all the buzz in the technology world given its potential and vast avenues of applications. It is decentralized transparent public ledger, which uses cryptography in order to safeguard these transactions. As these transactions get stored in the database, they become immutable and are logged on to the decentralized network. The blockchain technology has opened up a new path for a parallel market to enable startups to initiate unique projects without depending on third parties.
About On.Live
On.Live is an online broadcasting service that plans to entail the services of the blockchain technology. On.Live is a platform that can be accessed by anyone and from anywhere in order to become a broadcaster and earn money. It will act as an advising platform that will allow users to share valuable content in various business models. On.Live will allow everyone to become a presenter and charge for their services that they provide, thus, creating a platform with endless possibilities.
According to On.Live's whitepaper, the project will be responsible for bringing together Live Broadcast, Live Services and Transcoding and Relay Node market, in order to establish a single product. Broadcasters can earn their money through various business models: Pay Per View, Pay Per Minute, In-Stream Payments, Advertising, Tips/ Donations, Subscription Plans, etc.
With the help of the blockchain technology, On.Live will be able to cater to a large audience at affordable prices and create a scalable ecosystem. By using blockchain technology, it will be able to provide uncensored, affordable content while ensuring accessibility and decentralization.
How it works
The idea behind On.Live is truly unique. The platform will allow a professional or anybody with valuable knowledge to create content. This content can then be uploaded to the individual's channel where customers can access this content.
This particular service can then be sold as live services for 1:1, 1:8 or can even be broadcasted to a wide audience 1: many. The payment transactions can then be carried through the various business models inculcated onto the On.Live platform. This will be done alongside the implementation of a Smart Contract for transcoding and relay services. Customers will be paying for completed services and for access to various video live broadcasts. This marketplace will ensure access to transcoding, relay node, live broadcast and live service.
Hence it can be said that On.Live will act as an information portal by allowing anybody that possess the knowledge to share it with those individuals in need of it for a fee.
Possible applications
The idea behind this innovative platform is to solve the current problem of the offline, where one needs to settle for face-to-face contact with professionals in order to attain professional advice. This method can prove to be tedious, time-consuming, expensive and problematic. With the help of On.Live, this process can become relatively fast, inexpensive and simple.
This particular platform can be used by teachers, doctors, consultants, lawyers, life coaches, dieticians, therapists and many other professionals. Moreover, this platform will be at their disposable for a cheaper fee and at their convenience. It could even be used by large enterprises such as TV stations, advertising networks, and event companies, for increasing their clientele and reach. Other than this, it even provides ease and comfort for the users involved.
This platform will help establish an important system between those possessing certain knowledge and those in need of this knowledge via a decentralized platform.
Conclusion
On.Live is a platform that is equipped with the required tools and features to meet all the needs of broadcasters and viewers. It will enable the establishment of a reliable network of professionals and will be operated using the blockchain technology. The possibilities with such a project seem to be endless and promising, as people will now be able to access valuable content at a cheaper price and in the comfort of their homes. The idea is a novel one which would help solve a grave problem that currently exists.
There currently exists a huge market for online streamers and broadcasters which provides OnLive with an edge. With the help of blockchain technology, this platform will be able to ensure transparency and reliability. Because of all these aforementioned reasons, OnLive can prove to be a successful endeavor.
Website - https://on.live/
Whitepaper - https://on.live/documents/OnLive_Whitepaper.pdf
Published by prince0200
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