Details

Last Funding Type

Seed

Industries

B2B,Blockchain,Cloud Infrastructure,Cloud Storage,Software,Video,Video Streaming

Founded date

Jan 1, 2017

Number Of Employee

1 - 10

Operating Status

Active

Legal Name

VideoCoin Development Association Ltd.

Also Known As

VideoCoin, VID,VideoCoin Network

The VideoCoin Network is a decentralized video encoding, storage, and content distribution system that turns all cloud-based video services into an efficient algorithmic market running on a new blockchain with a native protocol token, the VideoCoin (VID). Think of it like Uber or AirBnB for video delivery over the internet. Powered by a large-scale, distributed cloud video infrastructure, the VideoCoin Network will usher in “the new cloud” by marshaling computing resources from around the world to revolutionize video with blockchain technology. The VideoCoin Network ecosystem will lower costs by deploying unused compute resources, enable a new generation of applications via open APIs and open source-based development, disintermediate media behemoths with peer-to-peer video distribution, and increase privacy with decentralized, end-to-end encryption.