Live streaming platforms have prospered during the past years, catering a large number of audiences with highly flexible and customized video and audio contents in various domains such as music, talkshow, gaming, social networking and so forth. The rapid boom of such live streaming platforms can be attributed to several technical and socio-economic factors, including increasing network bandwidths with lower costs and massive proliferation of wireless network infrastructures, higher adoption rate of smartphones and mobile devices, wider acceptance of the KOL (Key Opinion Leader) economy, as well as ever-demanding audiences for subscribable, customizable and appealing entertainment activities. At the same time, there is natural synergy between blockchain technology and live streaming industry due to blockchain’s inherent features, such as anonymization, decentralization and cryptocurrency. By utilizing these features, we see an enormous opportunity to build up an ecosystem around a blockchain based live streaming platform, which will eventually disrupt the whole industry. Anonymization and decentralization of blockchain technology will help live streaming platforms avoid being unnecessarily audited or banned by public authorities. It will definitely enrich the diversity of content and attract more users. Furthermore, the decentralized transaction mechanism of blockchain will significantly reduce operational costs, leading the way to a new business model in the era of a decentralized internet. To embrace this opportunity, Olive team is launching the world’s largest decentralized live streaming service. In order to completely decentralize the live streaming ecosystem, Olive desirably introduces three new roles (transcoding users, streaming relay users and channel hosts promoters) for advancing the progress of decentralization. In this progress, they will share a range of 5-10% of Olive’s revenue as a reward for their contribution, and substantially decrease the operation cost of Olive platform. Benefiting from the progress, the profit sharing ratio for a channel host may be gradually raised from traditional 50-percent to 90-percent, which makes Olive the most attractive live streaming platform for channel hosts. With full participation of more and more autonomous contributors in the future, Olive team will forge a live streaming ecosystem without centralized operation cost which will highly improve the efficiency of social resource and provide more reliable service. Meanwhile, all contributors in this live streaming ecosystem will receive maximized benefits.