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Blockchain technology, powered by peer-to-peer computer nodes around the world, is increasing. So people can expect newcomers like OnFire Networks and other blockchain-based entertainment applications to replace streaming services like Netflix or Amazon and the restrictive cable industry?
Content production studies have already suffered serious interruptions recently. Services like Youtube and Twitch have created a mass market for peer-generated content and free apps are eliminating networks from their positions as the only creators of mass video content. The rise of Influencer websites, mostly entertainment content with high quality scripts today, still comes through a widely centralized model.
Large studies and networks, which now include Netflix, AppleTV and Amazon streamers, finance content development, and content follows an orderly approach to distribution services such as OnFire to the end user along one of the predefined channels: cable or OTT or mobile device.
OnFire uses Blockchain to radically interrupt the entertainment industry with a robust AR / OTT and VOD model that highlights a completely new decentralized model for content delivery. In a blockchain, computers around the world authorize together in a peer-to-peer network to work on some business, with a secure payment server or an authority.
OnFire Networks agrees on access to today's market. Today, most of the streaming services such as Hulu and those offered by cable are still based on the idea of "centralized" aggregation and distribution. Content creators surpass a number of "gatekeepers" and enter into business with services such as OnFire Networks, which then transfer the content to a server and distribute it directly via CDN (Content Delivery Networks such as Akamai or AWS). Decisions on what content is offered, when offered, the price and the distribution path are still very confidential with less bureaucracy.
By Jeanette Smith
sources:
Tech crunch: TC sessions: Blockchain
Verve: The future of Blockchain
Yahoo! News: Riot summary for Blockchain
