Decentralized hosting system seems to be your innovation. Can you tell something about this technology in more detail? I want to understand the principle of its work better.
Blockchain technology has the potential of solving the problems that exist in
the online video industry. A decentralized blockchain can be created that will
give content creators a platform that they truly control. Additionally, revenue
can be shared among content creators, curators, and consumers as per the
level of activity and popularity of their content. Rewards can be offered to
those who frequently watch on the platform to create an incentive ensuring
that the content on the platform has an audience. Using blockchain technology
offers users several key benefits that the existing developed Buzzshow
platform will be able to instantly provide:
i. The first benefit is that the platform prevents corporations from limiting
the creative freedom of video content creators. As long as the
content does not border on hate speech or infringe the rights of
others, content creators should have a platform to share their ideas.
Corporations are inherently biased, and they tend to lean towards
one side of an argument. The blockchain will provide a truly equal
place where ideas can be shared. The alpha version of the platform is
not yet decentralized. However, it is intended that future releases of
the platform will become gradually decentralized as third generation
blockchain technology matures and becomes available.
ii. The second benefit is the confidentiality of blockchain-based platforms.
Sometimes content creators would prefer to keep their identities
anonymous to allow them to continue leading a normal life.
Blockchains use pseudonyms offering superior confidentiality without
Buzzshow white paper
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affecting the income. Additionally, the social space on YouTube and
Facebook does not belong to the users. It belongs to the firm, and
they reserve the right to delete, block and close channels and
accounts based on their discretion, which most of the time is onesided.
The freedom of users to create by allowing them to own their
account and data at all times is now being affected by the very
companies that initially disrupted the monopoly of Apple and
Microsoft by offering an unregulated platform. Digital media giants
such as Facebook and YouTube have become so big and powerful
that they themselves are now starting to be one sided in the way
they do business, surpassing users’ rights in various basic mean of
privacy and ownership rights.
iii. The third key benefit is the security of the content. Most conventional
platforms like Google may have systems to prevent copyright
problems, but they are ineffective because some people have
developed ingenious methods of bypassing these copyright
limitations. Blockchains are based on algorithms that are more
secure. Additionally Buzzshow copyright infringement prevention
infrastructure will be augmented by two unique roles of our
ecosystem: the Moderator and the Validator. Both of these roles are
compensated to validate copyright information and to monitor and
flag any content that violates Buzzshow policies. Preventing copyright
infringements will spur additional development of original content on
the platform
