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Development of Decentralized Streaming Platform MVP

pragmaticcoders.com

Information technology

Media

Business Validation & MVP Development

OnLive sought to validate the viability of its decentralized video streaming concept and prove technical feasibility using blockchain technology. The primary challenge was to define the scope and core features of an experimental streaming platform within a blockchain environment, ensuring both security and functionality.

About the Client

OnLive is a UK-based company developing a decentralized video streaming platform leveraging blockchain technology. It aims to be a marketplace for paid advice, live broadcasts, and computing power.

Project Goals

Develop a Minimum Viable Product (MVP) of the decentralized streaming platform.
Validate the game theory behind a decentralized video streaming and computing power marketplace.
Ensure the security of smart contracts and the overall ICO (Initial Coin Offering) environment.
Create a functional platform to facilitate paid advice and live broadcasts.

Functional Requirements

Live video streaming functionality
Payment processing system based on smart contracts
User authentication and authorization
Content discovery and search
Decentralized marketplace for paid advice
Computing power rental/sharing functionality

Preferred Technologies

Ethereum blockchain

Smart contract development (Solidity)

Decentralized storage solutions (e.g., IPFS)

Web3 integration

Potentially, a backend framework for user management and content delivery

Required Integrations

Payment gateways (for fiat currency conversion)
Decentralized storage providers
Potential integration with existing video encoding/transcoding services

Non-Functional Requirements

Scalability to accommodate a growing user base
High availability and reliability
Security of smart contracts and user data
Performance optimized for live video streaming
Decentralized and censorship-resistant architecture

Expected Business Impact

Successful completion of this project will enable OnLive to launch a fully functional decentralized streaming platform, validating its business model and positioning it as a leader in the emerging Web3 video streaming market. The MVP will allow for early user adoption, valuable feedback, and further development based on real-world usage.