The film industry faces a lot of challenges, and there is a lot of untapped potential. Thousands of films are released each year, but only a handful gets to the consumer. Blockchain is being used to revolutionize different industries and now the film industry has joined the band wagon. Through the use of blockchain technology, StreamSpace hopes to make the work of film makers easier by giving them a transparent avenue where they can sell their content without fear of piracy, hacking or lack of payments.
What Is Stream Space?
StreamSpace is the most secure platform for video distribution. It utilizes cutting edge technology like decentralized exchange systems and blockchain making it the most progressive streaming place in the world. One major problem film makers experience is lack of transparency when it comes to payments for their videos. Artists also have a difficult time getting their content to consumers. StreamSpace has taken that into account and created a better system where film makers can be assured of the safety of their content.
Stream Space Features
An End To Piracy And Hacking
Video makers are usually concerned that their content will be pirated. Piracy steals money from film makers after they have spent a lot of time and resources developing and perfecting the content. Pirating content has been made more difficult through the use of an advanced storage system.
Once a file is uploaded, it is divided into several pieces, encrypted, and spread across a vast network. Since the content is not stored in a single decentralized server, the risk of hackers stealing the work has been greatly reduced. The video is stored on different servers that make it difficult for hackers to trace and hack.
Transparency In Payments
When it comes to payments, StreamSpace uses an advanced payment system. The use of blockchain technology empowers customers with complete control of their pricing. There are instant payouts when consumers purchase the films. Every transaction is recorded on a blockchain ledger that eliminates any complexities arising from the payouts.
Saves On Existing Computer Space
The technology used in StreamSpace leverages on computer space and provides greater network transparency. Artists can reduce overall costs which enable them to make more money here than on any other platform.
StreamSpace offers filmmakers the following:
- Security from piracy of their work.
- The ability to price their work as they want
- Instant and transparent payouts
- Enhanced distribution of their work.
StreamSpace bases its operations on digital wallets and smart contract technology made possible through the Ethereum Virtual Machine. It can execute smart contracts that are submitted to run on the ethereum chain.
For film makers to use this, they need to sign up and purchase StreamShares that are tokens used for all StreamSpace transactions. There will be a limited number of StreamShares circulating in the market, and they can be purchased with ethereum.
The smart contract technology works by allowing film enthusiasts to log into their accounts and add money to their digital wallets so they can be allowed to watch a film. The last click the enthusiast makes initiates a token transfer from the digital wallet of the enthusiast to the digital wallet of the copyright owner. After receiving the tokens, the copyright owner can change the tokens into flat currency the film maker can withdraw. StreamSpace only charges a minimum exchange fee for the conversion.
StreamSpace is gaining popularity in the film industry. If it continues with the trend and the launch is successful, it will transform the movie and film industry and connect both filmmakers and enthusiasts.