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Development of a Decentralized Social Streaming Platform
  1. case
  2. Development of a Decentralized Social Streaming Platform

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Development of a Decentralized Social Streaming Platform

reenbit
Media
Information technology
Gaming
Financial services

Core Business Challenges

Reenbit's client, a UK-based entertainment service, requires a modernized streaming platform to evolve from a crowdfunding platform into a decentralized social media hub for independent creators. The current platform lacks robust social interaction features, content monetization options beyond subscriptions, and a fully integrated user experience for content consumption and creator support. The client needs to decentralize the media market, enabling creators to gain visibility and revenue through various user interactions.

About the Client

A UK-based technology company specializing in full-cycle software and mobile development solutions, with expertise in blockchain, cloud technologies, and media streaming.

Project Goals

  • Develop a cutting-edge, transparent, and open social streaming platform.
  • Decentralize the media market to empower independent content creators.
  • Enable diverse monetization options for content creators (subscriptions, voting, gifting, content purchases, royalty payouts).
  • Provide seamless and engaging video viewing experiences with social interaction features.
  • Expand user base and achieve high subscription rates.

System Functionality

  • Simultaneous video viewing with scheduling options.
  • Live chat during streaming events.
  • Real-time commenting functionality.
  • Streaming across various devices, platforms, and protocols.
  • Automatic video encryption for secure streaming.
  • Multilingual subtitles support.
  • Integration with multiple payment gateways (Stripe, PayPal, Bitcoin).
  • Comprehensive user account management system.
  • Digital Rights Management (DRM) to protect content.
  • Mobile applications for iOS and Android.

Technology Stack

.NET Framework
Azure Media Services
Azure Video Analysis
Blockchain
MS SQL Server

External System Integrations

  • Stripe
  • PayPal
  • Bitcoin Payment Gateways

Non-Functional Requirements

  • Scalability to support a large and growing user base.
  • High performance and low latency for streaming.
  • Robust security to protect user data and content.
  • Reliable and stable platform operation.
  • High availability to ensure continuous service.

Expected Business Impact

The successful implementation of this platform is expected to drive significant user growth (similar to the client's reported 300,000+ subscriptions and 10 signups per minute) by providing a compelling and engaging social streaming experience for both viewers and creators. It will facilitate the decentralization of the media market, leading to increased opportunities for independent content creators and fostering a vibrant community around shared interests. This will enable further investment in creator collaborations and platform expansion.

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