Streaming service on blockchain
Problems associated with digital media platforms in their current form:
Nowadays digital media has become the primary medium, on which all sorts of art is getting shared. These expressions define values and narratives that end up shaping culture, faith and even public policy. It therefore matters deeply how it is financed, distributed an paid for. Other than that digital media platforms have become the key institutions organizing this activity.
Unfortunately, due to network effects, economies of scale, regulations and political interests, we are left with a handful of massive institutions which are setting the terms for how the distribution of this kind of media has to happen. As a result our stories, expressions and interactions are managed and filtered on their terms. This continuous to generate an ever changing set of Problem, which almost seems to be insurmountable.
How could we fix this ?
First of all we think what is necessary to achieve this, is that there has to be an appropriate application of contemporary distributed systems technology, including blockchains, smart contracts and tokens.
And on the other hand we have the accountability. To our understanding there are a few fundamental ways that participants can hold institutions of any kind accountable. At first there is the need of sharing reliable information with other members and have some impact on internal governance processes.
Blockchains can provide an organizational and economic infrastructure which can address this Problem. The public verifiable an immutable history of economic and administrative records, provides an excellent basis for users to understand the current and past state of the platform. This allows anyone to make incontestable claims about relevant facts and circumstances. Further blockchain tokens allow us to make use of a platform inseparable, giving users an automatic seat at the table in deliberating over platform level decisions. All that is required for such activity, is the ability to sign messages with identifiable cryptographic keys.
Perfectly reliable contracting gives a large, dynamic and unrestricted set of users the means of governing the platform. This can serve a wide range of purposes, such as undertaking projects, regulating participation in different formally specified roles, or even updating the institutional rule themselves. This integration of reliable contracting into the economic rails provides an organizational infrastructure much more in line with our objectives of inclusive control than the normal jurisdictional trust based infrastructure.
By building platforms based on free and open source software, open protocols and open data (as it’s the case with blockchain systems) one dramatically lowers the costs of an institution. Since users control their own data, identify and assets, they have a way easier time joining new platforms, and even taking their peer with them.
Open protocols and data will make multi homing interfaces abundant, where users may not even need to switch, but instead use multiple platforms simultaneously, which encourages platform level competition.
You can see what reliance means in open source, in the way that all the software capital of a platform can easily be reused, an since the entire organizational state is also public, entire ecosystems can be forked to create new alternative platforms with modified policies and objectives.