Online video content now takes up a lot of space in the internet world. Giants like Youtube control the market so highly that it hosts every content globally.
While this community of giants offers users a large video streaming platform, some problems arise in the business model.
Companies like Youtube make money on the content produced by content producers, but do not give them the money they deserve apart from the income earned from advertising, and therefore they are called to duty.. While Youtube profits from the uploaded content, the real creative genius behind the content has to sell ads on this platform to make money.
“Even if their content is popular, there is no guarantee that content producers will make money on this content.. However, these services take advantage of everything users create.”. Online content is tightly controlled by the streaming platform. Companies such as Netflix, which provides limited video streaming to users, are in an authoritarian behavior. Monthly service fees also mean paying the company fee regardless of how much content users use. Users who watch 100 videos in a month and users who watch 10 videos in a month are charged the same.
Blockchain for Developers
Forbes According to his latest article, Blockchain technology has all the answers. This sprawling platform offers users the opportunity to upload their own content and earn the money they deserve from it.. The author explains this thinking with the following words:
“The video marketplace Streamplace is an on-demand and advertising-focused streaming service that allows filmmakers to sell their work directly with Blockchain. platform. Another video platform that combines Blockchain and Torrent technology and offers revenue sharing for the community is Flixxo”.
Equal access network and content monetization These companies, which create a platform, use Blockchain technology to creatively and deliver money to users.
User Freedom
Decentralized platforms offer more freedom to users. Because these platforms give users the chance to remove the ads at the beginning, middle or end of the video.
Users have the freedom to watch the information they want.. Everything that is made and uploaded without the supervision of central platforms such as Netflix is consumed.
On decentralized peer-to-peer platforms, users have the ability to contribute to creators and appreciate their work. Provides an unmatched level of connectivity.
Increased user freedom and better monetization options for creators will drive many people out of the Youtube world and redirect to the other platform. However, even if Blockchain technology changes online video streaming or not, the value of decentralized systems will be clear. Creators and users will find new ways to improve content sharing.
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