Our Goal
StreamSpace aims to introduce a novel distribution platform and an ecosystem community that will give consumers an opportunity to enjoy quality film content unavailable from conventional distribution channels, with a secure monetization engine that places more than 90% of payments directly into the hands of the filmmakers. Furthermore, StreamSpace intends to launch a novel financing service that will help filmmakers raise the funds they need to create and produce film projects. Our goal is to become the world's leading destination for innovative film content, with a deep catalog that will enable personalized viewing experiences and that will be rewarding for our two core customers, independent filmmakers and indie film amateur.
StreamSpace Community
- Decentralized storage system provides security from piracy
- Enhanced control over distribution including the ability to set prices
- Immutable Blockchain Ledger - instantaneous and transparent payment systems
Consumers
- Unique content delivered directly from the filmmaker
- Personalized recommendations
- Make history by joining the first volume blockchain distributor for streaming film
Features
For Filmmakers
- Online forms to help complete and submit IMDb metadata, so filmmakers can stay in the StreamSpace environment as they upload and launch their film projects into the market.
- Linked social media channels and promotion tools to attract audiences and build the filmmakers reputations and popularity.
- Networking opportunities across the filmmaker communities, including opportunities to share tools and techniques, learn about new technologies and build audiences
- Support for additional video content classes, including animation / anime, live stream content, music videos, trailers and other short form content associated with films, immersive content such as virtual reality or interactive content, etc.
For Film Viewers
- Increased viewing options including more supported screen sizes or SVOD thin client options as well as potential offline viewing options.
- Opportunities to engage with the filmmakers through reviews / ratings, forum / chat room engagements.
- Improved algorithms for superior recommendations .
- Expansion of the genre choices to include films, shorts, anime, music videos, or other video content from a wider variety of countries, including China, India, Korea, and Japan.
- Potential new film formats, including virtual / augmented reality or immersive content and interactive film experiences as mentioned above.
Challenge
With large budgets for promotion, frequently 100-200% of the total cost to create the film. By the time the studios tally up the global revenues and expenses, the small-budget filmmaker typically sees no profit or only a very small return on his investment of time, talent, and money. Furthermore, as many as 80% of the films produced each year are never seen by an audience.
For filmmakers, this means that unless you are a bankable producer/director, you are at the mercy of a handful of large, powerful studios who have little incentive to deliver a return for your time an creative efforts.
Solution
There are key components to the StreamSpace platform:
- Secure storage methodof the video content, based in part on Protocol Labs' IPFS. StreamSpace holds a provisional patent on its method for secure storage Blockchain transaction ledger for enhanced transparency and security.
- Front-end decoder and embedded HTML5 player optimized for video streaming, initially on PCs, followed by the most popular consumer video consumption clients:
- Content recommendation engine that helps consumers discover new content that fits their tastes, Secure digital wallet so consumers and filmmakers can manage their accounts and stored assets with confidence.
- Private token exchangethat monitors the market value of SPC and SSH tokens.
- Community-focused front endfor filmmakers to upload their products to StreamSpace's environment, set prices, and analyze statistics.
- Social media channels that link filmmakers to each other and to their audiences.
- Initial Coin Offering / Token crowdfunding campaignsfor new film projects on behalf of filmmakers that are interested in this uncommon technique for raising the funds necessary for a small or mid-budget film project.
Roadmap
Technology
Digital Wallet & Smart Contracts
One of the great design advantages of Ethereum is the Ethereum Virtual Machine (EVM) that can execute smart contracts submitted to run on the Ethereum chain. These contracts are self-enforcing and cannot be manipulated or censored, which allows programmers to automate many processes that traditionally require an oversight board. This yields advantages in terms of content security and transparency of the transactions along with the transaction history. Examples of applications include e-commerce, real estate transactions, legal contracts, and financial trading. The smart contract acts as an escrow system, whereby the payment is not released until the “product” has been delivered and acknowledged. A digital wallet holds the funds in the form of a specific number or fraction of StreamShares tokens, represented by the token symbol SSH, assigned to a unique account identifier with a private and public key.
Binary-Chain Blockchain Protocol
As discussed by Vericoin’s Douglas Pike, creator of the Binary-Chain system, current cryptocurrencies face a challenge in attempting to be both a rapid currency for enabling transactions and a secure store of value. To resolve this challenge, StreamSpace uses two separate coin systems with different staking or mining rewards, one for each of the two key processes performed across the blockchain. The most visible process involves processing transactions associated with purchasing or renting the content: downloading the video stream and processing the payment transfer associated with each viewing experience. The second, less visible process, involves maintaining the distributed storage of the video stream content, with rewards based on the amount of allocated storage, the length of time supported, and the popularity of the content.
Distributed Storage Network
The StreamSpace network and distributed file system will be built upon thousands of Curator nodes that store and distribute file fragments. The file and distribution system is modeled after systems such as BitTorrent, Storj, and Protocol Labs’ InterPlanetary File System (IPFS). All are peer-to-peer distributed storage systems which leverage a computing device’s extra hard disk space to store and share file fragments. StreamSpace nodes hold StreamSpace objects in local storage on their devices. StreamSpace nodes connect to each other and share StreamSpace objects with each other across the network. These objects represent video files, cryptographic information, and other data.
Quality of Streaming Video Content
StreamSpace uses Dynamic Adaptive Streaming over HTTP (DASH), which ensures high quality streams over the internet. The original video file is split up into many smaller video file segments of many bitrates and resolution. The fact that DASH content is just “a bunch of files” makes it a good choice for blockchain storage protocols such as IPFS and StreamSpace’s extensions of IPFS. An MPEG-DASH Media Presentation Description (MPD) file will be created for each video file containing the link and video metadata used for streaming.
Content Player and DRM
StreamSpace will provide a downloadable app with its custom player or run its player inside any of the common internet browsers, but with an initial focus on PCs running mainstream browsers, followed by smartphones and SVOD clients connected to HDTVs. StreamSpace intends to use Google Widevine, an industrial-grade DRM solution, to support encryption and decryption of video content. The content is encrypted and distributed to the curators.
Crowdfunding Service for New Films
There have been a few examples of token sales expressly designed to support the funding for new film or video projects; further information about some of these projects is provided in the Competition Section. In its early conversations with independent filmmakers, one of the most critical needs expressed was to raise funds to make their film, and a lack of funds is the greatest impediment to a filmmaker's success.
Recommendation Engine
The core of the viewing experience starts with a recommendation or search engine: how the film viewer selects a new title and chooses to launch a stream of the content to the personal viewing screen. The StreamSpace recommendation engine is based on three core elements that are coded as eigenvector matrices: Customer preference matrix, Customer preference cluster, Movie attribute matrix.
StreamSpace Team and Official Site
Team
Official Site
Website: https://www.stream.space/
Twitter: https://twitter.com/streamspaceinfo
Facebook: https://www.facebook.com/streamspace
Author Information
Author: Bredd6767
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1204015
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