Keep video content and it’s management Centralized
Have Channels and followers decentralized
monetization, sponsorship and Ad revenue are decentralized
ranking and cataloging is decentralized
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The biggest problem seems to be storage so all relevant videos can be stored on the blockchain for a month and then an algorthym could see whats being watched and what is not and all the ‘hot’ vids can stay on the blockchain and all others be transferred to the cloud servers, and then those with deminishing or no attention can be deleted over monthly increments, adjudged by another algorthym.
So you have dual storage solutions based on ‘eyeballs’ popularity and this is good for operational functionality and also for optimising income streams with storage costs.
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Hi Filip,
My solution maybe over focused on storage being the main pain point although I think my solution to that was viable (dual databases with an deletion algorythm for unwatched vids, but I like you decentralised income stream idea. Of course Id include that, some sort of token incentivisation for uploads and posting. Nice one. I like these sorts of exercises, got the brain running wild now.
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Idea: Name of the project Vid4u
Tokens: A & B
Reward token : A
Swap token : A --> B ratio 10A tokens for 1B token
Technically B token will be more like stable coin so 1B–>1$
For the viewer will be 1A token fore every view only for each video per time.
For the youtuber will be 3A tokens for every single view plus bonus for every 100 subscribers --> 10A tokens.
Will be an option the users to stake or to provide liquidity with their B tokens so in that case we achieve more holders and participants.
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Centralized: Creation of the channel, editing videos, upload videos, comments, likes, shares, info
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Decentralized: Rewards for viewers and youtubers, Subscribes, Channel analysis, links.
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Because of the issue of data storage size, keeping the videos on a traditional database (Centralized) platform would be more plausible option for now. However, a Hyperledger Fabric could be added to the platform for the purpose of Membership and Identity Service purposes. Basically, adopt an Application in Hyper Ledger Peers where subnetworks shared the ledger, each peer has identity tied to a channel, and it involves more than one network members (Subscribers). Transactions or data regarding channels views, likes, shares could be done in the blockchain, as well, the calculation of payment result from the transactions, being made to the owner of the channel. In addition, blockchain could also store data on payments made, be it from Ads or the Video platform itself.
Process:
- Calculation of views, shares and likes, plus, new subscribers.
- Determination of the amount of payment
- Send out payments to respective channels’ owner.
Ideally, blockchain should bring all the information under one Channel on platform.
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- I would decentralize everything that should be transparent and clear to the digital influencer… the number of viewers, how he monetizes and receives his income and things like that. I would do the same thing with security of the network to avoid shadow bans and similars… i think that decentralizing this topics would gave more transparency to creators and to the comunity of what the network might want to see or monetize… but as every project i would be available to listen other ideas and to work to implement the good ones
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I would the video data in a normal server, using hash certificates to store the metadata in the blockchain about the videos to identify the creator and its creation, maybe using links from the blockchain to the centralised storage. With the governance implemented in the blockchain directly in order to avoid issues as the shadow ban.
The Api should check that the video stored in the Server is legit through certificates stored in the block chain. Also the views of each content should be in the blockchain, maybe in a side chain linked to the main in order to the creator to check that its revenue is legit.
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Would be nice to have a video platform that works with a monetization of the videos on cryptocurrency, with no people in-between to take a “piece of the cake” of the creator works.
It might work on a “blockchain style” of compressed encrypted videos that everyone has access to.
Its important to have some kind of centralization to have the power to delete certain videos that might be dangerous to society, but the decision should be agreed by a consensus of the nodes, of the users, and creators.
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- First of all create a DAO to govern and decide what the future of the company will be.
- Buy a domain that is simple and easy for everyone to remember (think like crypto.com or nft.com)
- Create your own token in which you can pay the content creators.
- Let the content creators choose in which currency they want to receive their payment, the company token or a stable coin/currency.
Notes:
- Save the videos on a centralized database, because of space issues.
- Let content creators choose their advertisements
- Host community events where ordinary people can suggest ideas which can be implemented (especially handy in the early days)
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In my opinion the solution would be to decentralize the metadata and include the link
relating the video content on chain. The video content itself could be
held on a centralized server database.
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In order to solve the “Centralized Video Sharing Platform” problem, I would try to design and build a decentralized solution like the following one:
- the content (actual videos) should stay and stream from a centralized server (or set of servers to balance the load if huge volumes of content are streamed at the same time from different parts of the world);
- the content ownership information and upload timestamps should be written in Blockchain;
- all the subscriber actions history - not the actual content, but timestamps or proof-of-action (subscribe/unsubscribe, like/unlike, content views, ad impressions, ad clicks) should be anonymized and written in Blockchain;
- also, a decentralized donation system should be implemented with subscribers/viewers being able to connect their wallets and donate to content creators in different supported cryptocurrencies, with the content creators being allowed to connect their own decentralized wallets and be allowed to accept donations in almost any cryptocurrency, and instantly cash out at any time, with low or no transaction fees at all. All transactions (cash-in, cash-out) would be therefore written in Blockchain.
This would create a secure, transparent, fast, and low-cost ecosystem for all parties involved:
- content creators;
- subscribers;
- hosting platform (for their own revenue as well, based on volumes of content and streaming data);
- advertisers;
- IRS, tax, or regulator entities that would be involved for regulatory/taxation purposes for the content and revenue intermediated by the platform.
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I think simple is often better.
Just accepting cryptocurrency as forms of payment, starting with erc20 compatible stablecoins would already dramatically alter the way we use money.
This is why i propose a way to facilitate payments through the usage of a pseudo-banking app which relies on crypto. All of its on-chain transactions would be easily traced by their blockchain, all accounts verified by KYC (like in a regular bank in case of fraud, for example) and it would circumvent restrictions on people who don’t like to use FIAT money.
They’d just hold custody of your tokens, transfer them to USD or any other fiat, and use that fiat to charge debit cards, and customers could use crypto to pay for their credit card fees.
This would also allow cryptocurrency consumers to invest in more traditional applications, if they desire to do so. It’d also encourage people who do not dabble in crypto to use this new banking option, which could also offer high-reward staking APRs for stablecoins and other currencies by linking the platform to the most varied DeFi farms with their front-end!
Of course, governments wouldn’t like not being able to see who spent what (and not being able to tax it), but that’s all “easily” fixable by instituting taxes on products themselves.
Problems it solves:
- Crypto investors not being able to utilize their holdings without selling the currency
- Streamlines the process of acquiring crypto
- Helps novice investors to gain access to high-yield opportunities
- Utilizes the full scope of blockchain transparency advantage on its main feature, transaction databases
Thanks for coming to my TED talk.
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As Youtube CEO, I won’t change anything as the business works pretty well.
As a Youtuber, I would have a different point of view.
Some problems faced by creators of content on Youtube :
- They don’t own their content
- They have no data about their subscribers
- They have no real support from Youtube when they have a problem (eg: copyright claim)
- They don’t know how revenu is distributed
- They don’t know if the data like numbers of views is 100% accurate and how is it calculated
Therefore, as a Youtuber I would like:
- Turn Youtube as a DAO t to be part of the decision making
- Save my videos in a blockchain that certifies that I’m the owner
- Public tracking of support to see if my ticket has been opened by customer service
- Public smart-contract or chaincode that shows how the system works (revenu distribution and performance tracking)
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Hi everyone,
I will put on the blockchain the data that we want to make immutable (or at least hardly feasible to edit). Which data then? The data that has any link with the revenues, ie any data that explains the channel can do more or less revenues, because that is the data that anyone malicious would like to edit to get more money. So, that would be for example the number of views, any watching data but also comments data (because that contributes to it too), anything which gives the channel potential to make money. Plus the payments/transactions. Maybe the rest we can keep centralised, at least to start with.
- Pay for subscriptions to more content via cryptocurrency, tracked by BC’s ledger
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For the video content, upload and store. I think make sense to have it in a centralized way, not on the blockchain. This consumes the most amount of data, in terms of time, money, cost efficiency, makes sense to have it in a centralized server with quick access.
For the payment system based on views or advertisement it would make sense to have it on the blockchain to increase transparety, security, avoid manipulation.
Also for the same reasons, the order on how the videos are display, it make sense to have it decentralised based on pre-stablish criteria, avoiding manipulation from a centralized authority.
Incentives and monetization should be decentralized.
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My Solution:
For a video platform, I think the best part to be integrated with a blockchain would be an NFT-style marketplace based on content views/subscribers. Content creators would be able to make videos with low identity management, just a basic account with a username theoretically. The videos that creators make can be instantly tokenized when posted on the app (with each video having a one-of-one feature), and the blockchain it exists on records views/subscribers of the creator into the database. The more views the creators tokenized videos garners, the more rewards the content creator is subject to with a connected wallet address. A utility token such as BAT using the Brave Browser, for example, can be integrated with the video platform for better monetization and possible monthly payouts for database rewards. The one part of this platform I would keep centralized would be the compatible and connectable wallets for the content creators. By keeping the compatible wallets centralized, users could set up an I-Trust-Capital-ish account where their video yields wouldn’t have to be taxed from the government until they retire (if they already have multiple sources of income). I suppose it would be different if the creators wanted funds to be paid out monthly, which they could cash out and be subject to taxation passed a certain threshold. Obviously this is highly theoretical and I’m just brainstorming here, bear with me. 
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Theta is working on creating a solution that will disrupt the media & entertainment industry. From what I understand, it’s basically a way for people to share/create content and get paid with TFuel tokens. There is a slight inflation with Tfuel tokens to ensure growth and it’s used to send Theta Tokens. In addition, you can earn Tfuel by staking Theta tokens which also helps secure the network.
From what I understand, Theta is attempting to free up broadband across the globe by allowing users to share their data when they are not using it.
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Blockchain is not the solution for everything.
An app like this would be very expensive to facilitate & decentralize.
Maybe it could be developed on a platform like Cardano.
I’m certainly an advocate for solutions blockchains have to offer, freedom of speech & privacy.
Truly decentralizing would be a challenge imho.
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Different components of the video platform and centralization:
Storage (centralized: because it is too expensive to decentralize and blockchain storage is slow)
Monetizing (decentralized thanks a token for better fairness in the monetizing process)
Search engine (decentralized: no central party should decide which content should show up more than others)
Security (centralized for better flexibility and reaction speed to attacks)
Privacy (decentralized: no central party should be able to steal or process confidential data of the users)
Memberships management and Freedom of speech (decentralized: No single party can decide if a content is viable or not)
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