Hyperledger in Business - Discussion

Blockchain Business Course
#526

Hello, I give you an example of a possible solution:
Theta network is a decentralized video streaming network that is powered by blockchain technology. Theta allows users to watch video content and get rewarded with tokens as they share their internet bandwidth and computing resources on a peer-to-peer (P2P) basis. Besides a line-up of institutional investors like Node Capital and DHVC, Theta Network is advised by Steve Chen, co-founder of YouTube, and Justin Kan, co-founder of Twitch. The video streaming services on Theta rely on a distributed network of users who voluntarily contribute their spare bandwidth and computing resources to run Theta’s system, in return for Theta Fuel (TFuel) reward.

Theta runs on a modified proof-of-stake consensus mechanism as it has a unique multi-Byzantine Fault Tolerance (BFT) which combines a committee of 20-30 Validator nodes with a second later of thousands of Guardian nodes. This acts to speed up approvals and is faster than traditional proof-of-work networks. Theta’s multi-BFT design achieves a healthy balance between consistency, speed, and decentralization

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#527

I don’t know how viable this idea is, and my knowledge of sidechains and similar tech is limited, but I was thinking videos could be run on side chains, where the processing speeds are faster due to whatever tech tech the use i.e. perhaps more centralised nodes, lightning netorks etc. Each video maybe could be setup in away that it is it’s own side chain, and that once its finished, and or at intermittent points it loads the meta data, like likes, views etc to the main blockchain which hosts the UI side, and processes the info to determine payouts to content providers and pays them automatically.

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#528
  1. Let the video content be centralized
  2. The holders of video files are incentivized by tokens.
  3. Content creators receive tokens.
  4. Governance is decentralized. Voting is done on what is allowed and what is not.
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#529
  1. Uploaded Video should be part of Centralized network
  2. Blockchain should hold the count of Views on a video, Clicks on Ads, Subscription Count, Join/ Premium subscription, Clicks on Third party links with referrals.
  3. Link Blockchain (smart contracts) to Citi (Some Bank) for Disbursement of Revenue.
    a4 Chats can be on Centralized network.
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#530

Exercise Business Idea for a Video-Sharing Platform

What parts of a video-sharing platform should be on the blockchain?

All of the likes, comments, subscriptions, and voting should be on the blockchain. So creators can be rewarded by the community, and it will incentive them for quality content. In addition, the blockchain will give creators an immutable record of their performance.

I like how BAT works on Brave, as we as users can support our favorite creators.

What parts of a video-sharing platform should be centralized?

Videos are heavy in size. Therefore, all of its data should remain on a centralized platform, otherwise like in D-tube, the content could disappear after a certain period.

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#531

Storage of videos on noSQL
Owner identity & Ranking/subscription by Block chain
Monetization & payment processing by mySQL

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#532

  • Automatic token earning model based on viewers, subscribers (monthly token bonus?), and/or numbers of comments/interactions

  • Spending the reward tokens as advertising budget to further promote your video channel on the main site (with monthly limitations to avoid media monopoly?)

  • Locking in a certain amount of tokens to own a particular URL for your video channel on the blockchain;

  • The ability to form DAOs or governance by splitting ownership of the channel when you want to share token rewards/profits with other individuals

  • Ability to sell your own channel tokens by receiving the channel token in return; This would need some kind of required annual lock-in schedule to avoid rugpulls. The video platform would thus need to have some form of token vesting function simliar to trustswap.

Edit (after watching Philip’s solution):
Just realized that decentralizing where the video is stored is crucial. Perhaps this can be achieved by running your own blockchain node as a requirement to participate in a decentralized video platform.

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#533

i would only distribute the ownership of this hosting service in to blockchain. the more you get likes and put out content you will recieve governance tokens. but i am no expert of creating content, or the problems in it.

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#534

Keep video storage centralized to guarantee performance and low cost.
Charge the content creators with a fee to cover these centralized storage.
Keep all the metadata (access, likes, comments, identities, etc) in blockchain to guarantee transparency, that is not the strogest point of a stardard video content sharing platform, so I believe that blockchain might have an important role to address this pain point.

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#535

I like LBRY’s model. Personally I would reward creators with tokens and views with tokens to either tip creators or unlock rewards. You could use a governance model. Centralize the videos onto a server that hosts the video since they are large files but maybe create zip files to host them on the blockchain and take up less space. You also would have to some what centralize the moderation to avoid harmful content

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#536

Centralize the storage of videos, since we don’t want them to delete due to the blockchain being congested.

I also think, in terms of the decentralization aspect, this platform would have a token (both governance and utility), that is distributed to content creators and normal viewers.

The token distribution will work something like this:

Content Creators:

  • to be a content creator (CC), you have to post X amount of videos and have X amount of subscribers
  • CCs receive governance tokens (GT/s) which they can use to vote on changes to the video streaming platform.
  • The more they create content, the more GTs they will have and this will increase their influence of the platform
  • GTs are also rewarded by hitting certain milestones (like YouTube plaques)
  • Ofc, there may be a case where the popular CCs may have an unfair edge on the platform, so there could be a smart contract in place which slashes X% of tokens that are used to vote, to somewhat help balance the distribution of voting power (No one content creator will have a silly amount of tokens where they make all the decisions, if tht makes sense)

slashed GTs are put back into the ecosystem to then be redistributed as rewards

GTs can also be used to access CC exclusive features such as:

  • an ability to post short videos (any video under 2 mins) and earn GTs
  • purchasing NFTs, which can be distributed to others in order to view exclusive content, join live streams and much more
  • Putting out polls which can help understand what viewers are saying.
  • Can set up giveaways (using UTs mentioned below) which can help boost engagement and following.

GTs can also be traded to other content creators to help boost their channels on an exclusive in-built exchange (GTs cannot be traded anywhere else outside of this exchange and can only be traded between CCs)

And only CCs are allowed to own GTs… This is ensured because content creators will have a special code embedded in their profiles (different to that of normal viewers) that makes them eligible for trading and holding GTs

Exclusive content however, runs on a subscription business model, so content creators will have to pay X amount of GTs per week in order to keep access of the features, this is to ensure healthy tokenomics.

The GTs used to pay are returned back into the platform where a smart contract will redistribute the tokens as rewards.

Normal viewers

  • Normal viewers (NV) are those who use the platform to engage with content creators, without actually creating content

Engagement includes:

  • Liking and disliking videos/posts
  • Commenting on vids
  • Voting on polls

Engaging gives NVs utility tokens (UTs)

UTs can be used for the following:

  • Pinning your comment on a vid, so that the CC can see the comment directly

  • It can also be used to gain access to a live video, if staked within the CCs page. Staked UTs will grant NVs with an NFT which shows their place in the live video. The NFT will self destruct once the live video has been watched. If the NV misses the live stream, the NFT will revert back to their deposited UTs.

  • The staked UTs are given to the CCs, who can do giveaways and further promote the circulation of UTs

  • It can also be traded amongst other NVs on the exclusive in-built exchange mentioned above

Idk if I answered the question properly… Any constructive feedback and additional ideas are welcome :smile:

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#537

Hi,
Anyone who can share a picture where the document flow or document server is included in the Hyperledger Fabric Supply Chain?
Andreas

#538

Build your own Business Blockchain - Replace YouTube

I have to start with a major topic for me: Should it be open for posting anything or not.
“Anything” will include illegal activities e.g. child abuse, and to me that is not acceptable. So I would need a way to censor everything illegal. That leads to the next question; illegal according to what law? Decapitation is still legal in some countries, so which category will this fall under?

A voting mechanism could be a solution using nodes in a system. If 2/3:rd of the nodes vote ok, then the content can be published. But that means that all content has to be verified, which is probably not feasible without a central organisation.

My proposal will be to have a decentralized system, with a centralized authority using a set of rules, but can be voted against if they censor legal content. These rules are also open for voting on a regular basis.
To finance the central authority, we need some sort of token that will also pay the nodes which will store the content (the decentralized parts).

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#539

Odysee have done this well but I’m not too experienced with this so here goes.

Simple and straightforward keep the storage and ownership of content centralised and the payment to creators and incentive to watch and tip creators decentralised and paid in a platform crypto currency that is like a stable coin so a mixture of YouTube and Odysee.

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#540

From my minimal understanding of Blockchain the biggest issue you find with the D2 model is the decentralised storage of videos.

Is there a way to centralise the storage among a group of individuals/ companies who have the capacity to storage capacity necessary to compete with YouTube, but to do so in a way where the videos themselves are encrypted and no-one can see which file is which video.

This would then make it almost impossible for anyone to delete certain videos and it would create a true free space for content creation whilst getting rid centralised censorship or systematic shadow banning of individuals.

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#541

Having prior knowledge of Theta Labs ongoing answer to this problem. I’m unable to comment without plagiarising their solution: https://www.coinbureau.com/review/theta-token/

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#542

Well, it is a difficult task but what I believe is that the creators should own their content and their channels meaning that a third party cannot ban a channel, delete content or shadow ban certain videos. The algoritm that decides what is allowed on the plattform must be transparent, not changeable, trusted and secure so it must be put on the blockchain. The governance structure with the different permissions must also be secure, trusted and not changeable by a third party meaning that a central entity cannot decide to shadowban or remove a creator/user. That should be on the blockchain and the rules must be well known and understood by every user.

The content does not necessarly need to be on the blockchain itself but it cannot be on a centralized server in a datacenter controlled by a third party.

The platform with the frontend and backend can be on a centralized server for better performance but without the ability to decide over the content creators, advertisors, channels or users which should be on the blockchain.

Basically I would aim for a fast performing platform whithout censorship.

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#543

https://livepeer.org/ I do believe that Livepeer is a great solution already built. Best regards Nathan

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#544

Lots of excellent replies and feedback on this topic already. I am no expert on content creation or video hosting. However, recent experience suggests that global centralized monopoly platforms like Youtube can arbitrarily censor and shadow-ban based on their preferred narrative via sometimes vague ‘community guidelines’ or ‘fact checking’.

So in simple terms, I think that the hosting of the actual videos themselves should be centralized (either a centralized server or the creator’s computer/ server) for speed and efficiency, but the things that could be decentralized and benefit from blockchain transparency and iimmutability could be

  • Transparency on the rules that dictate which content can be viewed / hosted, how they are decided, a track record of each time they are updated and evidence that the rules are nominated, voted-on and applied objectively
  • Ownership and metadata for the video itself to reduce the chance of falsifying ownership or other data
  • smart contracts to calculate and disperse revenue generated by content creators (I like the idea of tokens already mentioned by someone else)
  • Protecting the creator of the original content in some way- the blockchain could use some kind of hashing algorithm to determine if two identical videos are posted by separate entities and “banning” / warning subsequent posters (unless they are granted / sold permission by the orginal creator for example)
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#545

Not sure if this idea is valid but my following argument won’t be about one specific video sharing platform, but rather a collection of all information being shared across all social media outlets or the creation of a completely new one with a decentralized infrastructure. Due to the covid-19 pandemic that has shifted the entire world forever, I’d like to note the countless times some information has been pulled from social media and numerous amounts of other healthcare officials have been publicly criticized and/or exiled from these sites due to their outspoken concern regarding new vaccine information. Every single post online I see is claimed to be “fact-checked” but the facts state there is still a debatable concern regarding it’s safety distributed to the public. Even if there is a slight word that counteracts what we are being told by the CDC, you can guarantee it is deemed as “false” or shelved as just some type of conspiracy narrative. Sorry for the rant lol I do not mean any harm or to get really political but I see this big agenda as a prime centralized example.

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