A Tale of Two Paradigm Shifts
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Go to the street, get on a subway train, these days, and you’re likely to be surrounded by people listening to music on their phones or watching videos on their smartphone’s screens, tapping into the vast digital space of the Internet. It’s a sight we already take for granted, but the streaming revolution that’s made it possible is only just beginning.
This paradigm shift has delivered a series of innovations that transformed the way we consume media. Streaming technology makes it easier for us to receive the entertainment we want, where and when we want it, and to interact with it — all of which older broadcasting technologies have trouble supporting. It also brings us closer to one another and potentially helps us feel more connected with communities of other people who share our niche interests, no matter where we are in the world — provided they have a broadband connection. (1) Give folks a fresh start, because these other sectors are supposed to have become dominating in live-streaming with social media, and technical innovation! Don’t waste your precious time, browse to this constructive website now!
First things first the rapid development of video and other streaming content creates an almost perfect venue for blockchain to improve the security underpinning streaming. As was painfully demonstrated during the sudden shift from in-person to online instruction and meetings, some of the current streaming platforms do not have the necessary security to safeguard conversations and meetings. Blockchain, by its very nature, was designed to encrypt and secure information, and so using it as the foundation for new streaming services is not as far-fetched as it might initially appear.
Second, the divisibility of crypto — most famously demonstrated by digital coin but a fundamental component of any crypto asset — means that micropayments and other forms of streaming-based compensation actually make sense. Developments like the lightning network, payment channels, and other off-chain transactions have been pushing blockchain in this direction for several years already. As streaming services continue to proliferate and extend in almost every area, the need for a payment mechanism that works for this space is a must-have. (2) Remember, this site could provide you with more thoughts concerning the topic!
Lastly, the global and decentralized nature of how permissionless blockchains and many crypto functions and are governed aligns perfectly with the idea of streaming services. Both the internet and blockchain were designed with the idea of opening borders, lowering barriers, and democratizing access to information and resources. Blockchain and crypto are borderless and, to date, are not governed nor controlled by any centralized authority. Streaming allows individuals and institutions to interact and share on a global basis; blockchain and crypto have the potential to make doing so economically sustainable and viable for anyone, anywhere. Hang in there! This page has a lot more knowledge to offer. Check the disclaimer on my profile and landing page.
Source1: https://www.forbes.com/sites/seansteinsmith/2020/06/03/how-blockchain-and-crypto-can-supercharge-the-streaming-economy/?sh=449b9f6e3a6b
Source2: https://medium.com/paradigm-fund/video-streaming-and-blockchain-a-tale-of-two-paradigm-shifts-867664c899a0
