A simple process where a film enthusiast can log into his account, add US$5.00 in value to his digital wallet (either by electronic funds transfer, an online credit/debit card transfer authorization, or by exchange of a fraction of a bitcoin or other cryptocurrency through an exchange), and then clicks to watch a film.
That last click initiates a token transfer from his digital wallet to that of the copyright owner, is a basic example of how an independent filmmaker retains 100% ownership of the digital viewing rights.This is an innovation that is being introduced by StreamSpace into the filming industry.
The StreamSpace platform is designed to eliminate the existing limitations initiated by intermediaries. These limitations come in the form of expensive fees and charges by major studios, publishers and film marketers who currently act as agents that take these film products to the global audience. Yet, the maximum expression is not achieved in this case as their exposure is limited to specific audiences.
StreamSpace has developed a proprietary and patented method for parsing large files such as digital films and storing them in a highly distributed network of servers. This leverages the core advantages offered by blockchain technologies: the anti-piracy security that comes from an immutable ledger of asset transfers, the speed inherent in combining small blocks from a vast array of storage points, and the integrity that comes with duplication of content elements across the array of servers.
This will allow consumers to be able to enjoy content on a variety of screens – from their 5” cell phones to a 13” laptop to a 32” HDTV to an 84” 5K UHDTV. StreamSpace will be designing a player that will run on all of the key operating systems and consumer viewing devices.
This StreamSpace storage and distribution network retains all of the key attributes that filmmakers want for their digital projects:
- Security and redundancy to preserve the content unless and until they themselves remove the content from public viewership, without relying on a third party distribution company
- The ability to monitor viewership levels and revenues in real time
- The ability to find and promote the film anywhere in the world, without regional restrictions (subject to government regulations).
This development serves as a huge relief especially for independent filmmakers whose works have found it hard to break into the existing market, and when they do are usually stifled by the actions of pirates who take advantage of the absence of adequate security to steal content and make illegal money off the sweat of others.
The SSH Token
By implementing the immutable blockchain technology, viewers will be able to acquire content directly from their creators on a decentralized platform as mentioned above. This will be made possible by using the StreamShare (SSH) tokens which is the platforms underlying token. These tokens will be made available in a public sale that is scheduled to kick off on January 18, 2018.
Therefore, while filmmakers find confidence and a full assurance of adequate rewards for their efforts, viewers are also assured of original content with guaranteed quality. Also, direct access to a wider range of options that have hitherto been unreachable will now be made available to viewers.