TRANSCODIUM — The Decentralization of Transcoding Platform Base on Blockchain

Posted on


TRANSCODIUM it aims to provide media based on the chain leading to the first peer and decentralized , edit and distribute high-quality platform with the computing power and dependability at a price that is very affordable. This will create a global market for people who want to rent out their idle machinery, which will be used as a tool to work (miners). Then, at the end of the process, workers transcode (processor) will get a token that can be exchanged for TNS with any currency or can be sold to customers (founders) who need this token for use on our platform.
Transcode begins as the median in the year 2015 with visual mentranskode for cloud platforms and media editing, but if separated from the business because of the high price of cloud server, we can not compete with existing platforms and have switched to business other, B 2016, our team decided to look there again, but this time using the technology chain and decentralization. Unlike the previous platform, Network Transcode will be completely autonomous without human intervention.
Transcoding is the process of converting from one file format to another format and compilation of your favorite social media platform or streaming sites such as YouTube or Netflix to make videos available to you, they will convert this video in some format to support a variety of devices such as Smartphones, laptops and computers, TV and more, because each person has different options. Some videos may not be played through a slow internet connection, video type also needs to be converted to a format that is lighter, so the streaming is very smooth Problem


With transcoding platform currently, problems and limitations that can be identified, namely:

  • Cloud transcoding platform too costly and aggravating starup who need their services. Companies need to spend more than half of their income just for processing media files, it’s certainly depressing.
  • The time the process was very long because of the limitations of the equipment. Cloud transcoding platform has a limited hardware, so that all the files should be queued for processing, processed, leading to frustrated customers waiting for processing.
  • Because of platforms, server shutdown or downtime can lead to the downfall of the entire process, transcoding would be a waste of time, money and resources.

Most platforms only on limited to transcoding format multimedia files, so it is very difficult to convert to other formats, such as images and documents.
Solutions
Here are the proposed solutions to the problem above:

  • Transcoding technology and decentralization into a cheaper option and can be relied upon to mentranskode clouds.
  • Due process is infinite, because the role of employees, files will be at a very quick pace, eliminating long queues and waiting time.
  • The request will be processed by many workers and transcoding node, so a node outage or the workers will have no effect on the process, making it more efficient and save time.
  • Transcoding is not limited to audio and video, but the format of other files, such as images and documents

Transparency
The use of smart contracts allow transparency in the network, important information such as the length of the file, the number of which was initiated and the amount paid to the employee will all be there in the book accounting (CC). Customers and employees can check how much it costs or paid for specific tasks in the network.
Evidence from capimilikans
TRANSCODIUM To reach a better consensus, decentralized network transcoding using this type of algorithm is proof of ownership, where employees selected at random based on portfolio and age of their account. This helps in selecting employees with quality processing capacity, to save time and money.
Proof Of Conversion
TRANSCODIUM Evidence of the transformation between the central hub and the workers announced that the employee must complete its work within the time specified, during the processing of the data, send the employee to develop a master log, employees must complete data processing before the end of the assignment will be canceled or inactive and will be paid to other employees. , preparing for the reception.
Time limits are set based on the level of activity and the size of transcoding data that is being processed. Contract to pay employees after financial institutions and sendthe file. That task is considered complete after the file is downloaded and checked by the central node. The conversion will be supported by Smart contracts. The conversion along with evidence proof backup to make regulations TNS are responsible for making random choices regarding employees and balance between the initiator and the processor.


DETAIL INFORMATION :
 Website: http://transcodium.com
 Whitepaper: http://transcodium.com/files/whitepaper.pdf
 ANN : https://bitcointalk.org/index.php?topic=2571769.0
 Facebook: http://.facebook.com/transcodium
 Twitter: http://.twitter.com/transcodium
 Telegram: http://t.me/transcodium
My Profile:
 https://bitcointalk.org/index.php?action=profile;u=1183913
 My Ethereum Address:
 0xD25856D7408b6b4C6918165424ac9A5B75Ac26fE