Monvid: Decentralized Video Streaming

The world of 21st century can be claimed as a world of Internet and World Wide Web. The growing presence of people on social networks platforms can be easily witnessed with people busy on their smartphones for hours using their service. It provides them a virtual platform to interact with the outer world sitting at their homes with the power of a simple touch on the screen.Due to this , the world is more or less turned into a global village with no boundaries. The online entertainment industry has become a number one choice for the people all over the world. This gives the users a fair good chance to relieve their stress and entertain themselves with the host of services. One of the most famous among these services is online video streaming channels. YouTube is a good proof of that. According to some estimations, around 5 billion videos are watched everyday on YouTube. That's a huge number. The online video strategies platforms have gained significant popularity among the audience in the recent years. But there are some challenges faced by the users in the industry including high subscription fees, content restrictions in different countries while traveling and many more. These problems are needed to be solved soon to make this industry a better place for the consumers.

The Solution

The challenges faced by the people in this sector prompted Monvid to come with a quite unique and innovative solution. It aims to build a decentralized video streaming channel which will be backed up by the Blockchain Technology. This will lead to better watching experience for users that they have experienced ever before.This will also cut-pass restrictions and censorships making it easier for its users to watch video from anywhere in the world without any hindrances.

Mission
The mission of Monvid behind the project is to launch a decentralised ecosystem bypassing all the restrictions and censorships letting the users to view their favourite video and TV content.

“Due to the blockchain technology and the fact that it is decentralized enable Monvid to provide its users with services that are better than what they are already getting.“ says Antonio Jacobs CEO of monvid.”

Monvid Platform
The decentralized Monuid platforms will function in two ways as described below:

1.Peer-to-Peer Video Sharing
This video sharing method will allow the content creators and owners to share their video directly with the audience on the platform without any fee and the users can reward them with some MVID tokens. This will lead to a better and a transparent streaming experience for both creators as well as users.

2.Proxy Video Sharing
This will help the users to view videos on the Monvid platform bypassing the content restrictions and censorships from any corner of the world. This is not possible in case of centralised platforms. The users are also safe as the Monuid platform only accepts steam packets.

Monvid Token Sale
The Monvid platform is empowered by its own cryptocurrency named MVID token. It is an ERC20 compliant type token which will be users as the medium to avail services on the platform. The total token supply is limited to 200 Million MVID tokens.70% of the total tokens are available for sale. The Initial Coin Offering (ICO) period started on 15th April 2018 which lasted will 30th April 2018.

Monvid Team
The team behind Monvid guiding the development and management of the project is a specialised one Antonio Jacobs who is also the idea founder of the project.Adrian Werner,Steven Morris,Gabriel Sontoro,Carlos Fuentes,Samir Martin are other notable names too.

Conclusion
The idea behind Monvid is a revolutionary one which intends to utilize the potential of Blockchain Technology. This project is capable of changing the online video streaming market if it gets launched rightly. The project’s ICO period got over now. In the coming months, we can see the things on ground hopefully.

Website- https://www.monvid.io/

Whitepaper- https://monvid.io/docs/white-paper.pdf

Twitter- https://twitter.com/monvid_io

Published By- karanj
Btalk Profile- https://bitcointalk.org/index.php?action=profile;u=1030341