Joystream - Video sharing service owned and driven by its users

in #joystream3 years ago

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Today video content is necessary for companies at almost all stages of the sales cycle. This is the best way to promote any business. According to a HubSpot survey, in 2020, 72% of customers prefer to learn about a product through video.

"We are entering a new golden era of video," Mark Zuckerberg told Buzzfeed News in April 2016, adding that he "wouldn't be surprised if in five years' time, most of the content that people will be watching on Facebook and sharing day in and day out will be video." Important changes are taking place in video marketing, and they will lead us to the beginning of the "golden era of video", But there are also a number of problems, such as the blocking of accounts and the centralization of all the most popular platforms, which can delete any of your videos overnight if they do not like it. In general, no freedom, we are all under the hood of big brother. All these problems prompted the developers of the Joystream project to create their own decentralized video platform based on blockchain technology.

Joystream is a decentralized video platform that has already been launched and operates on its own blockchain (the Substrate framework is used), this project can be called the polkadot parachain.

It is supported by such well-known companies and funds as BITMAIN, DC group, BoostVC and StartupLab
The core team includes Bedeho Mender (Founder/CEO), Mokhtar Naamani (Co-Founder/CTO), and Martin Wessel-Berg

The project has already launched a working product where you can already watch videos.

The Joystream protocol attempts to formalize a content paltform that is governed and operated by the platform users.The centerpiece of the protocol is the shared platform state,implemented on top of a blockchain consensus system,which coordinates and provides incentives to all stakeholders.Almost every aspect of a contract platform is endogenous to the protocol,and every subsystem is fully accountable to,and directed by, the users,as represented by the governance system.

Soon -

The team systematically approaches the mainnet and encourages early participants to support the project. So on February 14, 2021, the founders ' program was officially launched, in which early supporters of the startup will be given a great opportunity to help the project develop and get a decent reward for their work. In total, 15% of all tokens from the total genesis coins will be allocated, with the possibility of a more flexible redistribution of the reward in the direction of increase

Babylon Network

The release of Babylon offers improvements that significantly expand the ability to publish and view videos.

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