VibraVid is here to change the way consumers interact with digital content, while increasing the revenue potential of content creators. VibraVid is a free P2P/peer-topeer desktop and mobile streaming application that enables users to view and listen to content created by video and audio creators. VibraVid is a platform for creators to upload, store, market, lease and sell their content to users with the added benefits of being able to crowdfund and sell merchandise and event tickets directly to their subscribers and fans. BeatzCoin is a cryptocurrency which is the exchange of value on the VibraVid platform. Together, VibraVid and BeatzCoin provide an ecosystem that allows creators and users a means of exchange, peer-to-peer, for goods, services, through bounties, and as prizes. Both, users and creators, are rewarded for their participation by receiving BeatzCoin, which they can use to purchase content, fan merchandise and event tickets, as well as to promote their own content.
THE SOLUTION:
With BeatzCoin at the center of VibraVid, we are able to offer both users and creators a
new way of earning money for creating, watching, or listening to what they love.
While advertising is not a thing of the past, we believe that users should be able to
decide if they want to view adverts, and creators should be able to decide whether, and how
frequently, advertisements are displayed during the duration of their content.
Some of the ways VibraVid
users will earn BeatzCoin are:
1. Signing up to the VibraVid platform
2. Locking their tokens
3. Participating in bounties
4. Opting to watch paid to view (PTV) advertisements
5. Competing in daily and weekly challenges
Some of the ways creators on theVibraVid platform will
earn BeatzCoin are:
1. Having their content watched or listened to
2. Having the most views in a selected period
3. Allowing paid to view (PTV) advertisements on their content
4. Receiving tips from viewers
5. Crowdfunding on our platform
TECHNOLOGY AND SECURITY
The three primary aspects of BeatzCoin are the Video/Audio Streaming, Payment
Incentivization, and License and Distribution Control.
VibraVid aims to build a reward structure for accessing, watching and listening to
content while allowing for the licensing control of the content to be held directly by the
creator.
We will make use of the IPFS protocol, A peer-to-peer hypermedia protocol to
distribute the content on the platform.
IPFS allows for files to be shared and accessed by a large number of distributed devices
with the goal of creating a distributed internet. Files are hashed and accessible using the
IPFS:// structuring.
VibraVid chose to use IPFS for a number of reasons:
1. Due to nodes on the network, space is plentiful
2. Fast Bandwidth Speeds
3. Larger files can be automatically split into chunks
4. There is an existing network structure with many dApps
We do however foresee a few issues:
1. Videos that are stored on the network would not be restricted to VibraVid, the
reward structure could be circumvented using a regular IPFS node and streaming
tools.
2. Data is stored in an open environment
We plan on minimizing the risk of these issues by encoding the videos with an overlay
layer, so that either a BeatzCoin wallet or node is required to decode it (consensus
Recognition). We will also push hash addresses onto the blockchain in an alternate format
(encrypt it), and then decrypt it with an unreleased mathematical calculation.
Finally, we will also keep all videos protected by utilizing a key structure, which will
allow VibraVid sites to be the only provider of the content.
This will ultimately protect content providers and their content to ensure that they
are able to own and distribute their material whichever way they choose.
There is also the concern of illicit materials such as pirated content or pornography
making its way onto the network. The team will monitor content to ensure that these
materials do not get uploaded to the platform, however should they be uploaded, we will
blacklist the hash for any of these videos, making it unwatchable. We do, however, plan for
further decentralization by implementing consensus-based rewards for nodes that blacklist
the hash of unlawful content.
Please visit our website.
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