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Development of a Decentralized Video Streaming Platform with Marketplace Capabilities
  1. case
  2. Development of a Decentralized Video Streaming Platform with Marketplace Capabilities

Development of a Decentralized Video Streaming Platform with Marketplace Capabilities

pragmaticcoders.com
Information technology
Media
Blockchain & Cryptocurrency

Challenge of Validating and Implementing a Decentralized Streaming and Marketplace Solution

The client faces the challenge of validating the viability of a decentralized video streaming platform integrated with a marketplace for paid advice and computing power, ensuring technical feasibility within a blockchain environment. Additionally, they need to define the core features and scope for initial development, while addressing security concerns for smart contracts and platform integrity.

About the Client

A technology-focused enterprise aiming to create a decentralized platform for live video streaming, advice marketplace, and computing power exchange, leveraging blockchain technology for security and transparency.

Goals for Building a Secure, Decentralized Video Streaming Marketplace

  • Validate the business concept of a decentralized video streaming and marketplace platform through workshops and proof-of-concept activities within a 5-month development cycle.
  • Design and implement core platform features including live video broadcasting, paid advice marketplace, and computing power trading functionalities.
  • Develop a minimum viable product (MVP) to demonstrate platform functionality and accessibility.
  • Ensure the security and integrity of smart contracts used for transactions, ICO processes, and marketplace operations.
  • Establish a technical framework capable of supporting secure, scalable, and decentralized streaming and marketplace operations.

Core Functional Specifications for the Decentralized Streaming Platform

  • Decentralized live video streaming capability validated through Game Theory modeling.
  • Marketplace for paid advice where users can buy and sell expert guidance.
  • Secure smart contract infrastructure ensuring transaction safety and transparency.
  • Platform mechanisms for promoting decentralization, security, and trust in marketplace transactions.
  • Prototype whitepaper development to clarify technical and business viability.

Preferred Technologies and Architectural Approaches

Blockchain platforms supporting smart contracts (e.g., Ethereum).
Decentralized streaming protocols and peer-to-peer networking frameworks.
Game theory-based algorithms for marketplace stability and security.
Smart contract development and security auditing tools.

External Systems and Integration Needs

  • Smart contract security audit tools.
  • Blockchain ICO environment setup services.
  • Decentralized content delivery networks (CDNs).

Non-Functional System Requirements and Performance Metrics

  • Platform must support secure transactions with audit trails and smart contract validation.
  • Ensure platform security during ICO operations and marketplace transactions.
  • System should be scalable to accommodate growth in user base and transaction volume within a 5-month development period.
  • Robustness against security threats and potential attacks targeting blockchain and streaming components.

Expected Business and Technical Impact of the Project

The successful development of this platform will validate the business model for a decentralized streaming and marketplace solution, providing a secure and scalable infrastructure. It is expected to enable secure, transparent transactions, foster marketplace trust, and support high-quality, decentralized live streaming, paving the way for future expansion and adoption in the digital content and blockchain space.

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