StreamSpace - Blockchain Powered Streaming Video on Demand

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The Crypto World is like a deep jungle for many who have not grown up with Bitcoin, wallets, tokens, etc. The incredible hype around Bitcoin has raised many people’s attention. But, still, the adoption barriers for mass market users are extremely high. Just think about the cumbersome selection of a crypto exchange, the registration, selecting and maintaining a wallet, and storing and handling private keys.

The user experience along the entire user journey completely sucks – and, even worse, it keeps many from getting into cryptocurrency investments. No doubt, there are great crypto companies with cool products out on the market.

StreamSpace incorporates cutting edge technologies like decentralized storage systems and blockchains, which make it the most progressive streaming marketplace in the world. Filmmakers set a price for their work and are paid immediately by consumers, disrupting the traditional industry model.

StreamSpace are truly in a golden age for films. IMDb, an Amazon company, currently lists more than 373K feature films, 477K shorts, and 167K documentaries in its database, going back to the dawn of film in the late 1800s. The number of feature films released per year in the IMDb grew from 84 titles in 1910 to 2,530 films in 1921, then declined through the Great Depression and World War II to a low of 1,053 films introduced in 1945. From 1945 to 2002, the number of films produced climbed steadily to 4,032 films but accelerated in the past 15 years to a high of 12,871 films produced in 2017 YTD (source accessed September 8, 2017).

StreamSpace provides a new breakthrough in the world of streaming market. StreamSpace innovates by combining cutting edge technology such as decentralized storage systems and blockchains, making it the most progressive streaming market and profitable in the world. Filmmakers can set the price for their work and will be paid by the consumer, without disrupting the traditional industrial model.

StreamSpace will introduce a novel distribution platform and ecosystem communitywhich will give consumers the opportunity to enjoy a quality film content not available from conventional distribution channels, with highly secure the monetization putting more than 90% of the pembayaranakan in pay directly into the hands of a filmmaker. StreamSpace also intends to launch a financing service that could help new filmmakers to raise the funds they need, to create and produce a film project that they want.

StreamSpace Platform and Community

StreamSpace intends to launch an innovative platform and community that will link creative, independent filmmakers with audiences that seek out quality, edgier film experiences.
There are nine key components to the StreamSpace platform:

Secure storage method of the video content, based in part on Protocol Labs’ IPFS. StreamSpace holds a provisional patent on its method for secure storage.
Blockchain transaction ledger for enhanced transparency and security.
Front-end decoder and embedded HTML5 player optimized for video streaming, initially on PCs, followed by the most popular consumer video consumption clients: Apple iPhone, Android smartphones, and SVOD portals connected to HDTVs (including Google Chromecast, Roku, Microsoft Xbox, Apple TV, Amazon Fire, etc.).
Content recommendation engine that helps consumers discover new content that fits their tastes, based on viewing habits and reviews /ratings. Our goal is to lift the restrictions which currently inhibit discoverability by consumers.
Secure digital wallet so consumers and filmmakers can manage their accounts and stored assets with confidence. A unique digital wallet format will allow the account value to be held in StreamShare tokens (SSH) and will support transferring to fiat or other digital currencies. A second digital wallet will be created to reward the individuals who support the network by offering storage capacity for content. This second token system will be called StreamSpace Coins (SPC), which will be convertible to SSH.

Private token exchange that monitors the market value of SPC and SSH tokens, enables the financial transactions between consumers and filmmakers, and converts between fiat currency and StreamShares or between StreamSpace Coins and StreamShares, and then back to fiat currency whenever the filmmaker elects to “cash out” transactions.
Community-focused front end for filmmakers to upload their products to StreamSpace’s environment, set prices, and analyze statistics about the popularity or reviews of their content.
Social media channels that link filmmakers to each other and to their audiences. A key element of StreamSpace’s strategy is to give filmmakers the ability to circumvent the studio-driven promotion system and control their own marketing. Social media channels represent the most economical and innovative way for filmmakers to connect with their potential audiences around the world.
Initial Coin Offering / Token crowdfunding campaigns for new film projects on behalf of filmmakers that are interested in this uncommon technique for raising the funds necessary for a small or mid-budget film project. StreamSpace anticipates that many independent filmmakers will be interested in working with us to raise between $100,000 and $1 million to finance new projects.

StreamSpace Challenge

All of the performing arts industries — music, theater, and film- have undergone strong shifts over the past 100 years as recording / production technologies and distribution technologies have evolved. The internet has nearly destroyed the traditional recording music industry, with US sales of recorded music declining 80% as a share of national GDP compared to 1999. The film industry has not seen this dramatic erosion of value, but there have been three significant structural changes:

1. As Paul DiMaggio noted in a 2014 article, “difficult conditions often root out more vulnerable mid-sized firms and lead the incumbent firms to concentrate on large projects and neglect niche markets.” The number of films available for view in the US actually increased by 50% over the first decade of the 21st century as the number of independent films in theaters doubled. However, the share of seats sold and total industry revenue outside the top 10 distributors has declined at the same time that most of the major studios have chosen to concentrate on a limited number of blockbuster films as compared to larger numbers of small projects (Lionsgate is the lone exception among top US film studios).

2. Digital recording and distribution have changed the economics of making and distributing films. The creative aspects of filmmaking remain a complex art form, but lower cost cameras and editing tools have enabled tens or hundreds of thousands of people to call themselves filmmakers, and the production values of amateur or independent films have increased dramatically in the past ten years. Digital distribution has made it possible to offer the same blockbuster movie in multiple formats to thousands of screens worldwide on an opening day. In 2016, US SVOD services (not including Amazon Prime) surpassed DVD sales, which peaked in 2004. While the DVD format is not likely to disappear soon (like music CDs, they represent high margin income for the major distributors), most independent films skip this phase and go directly from festival and art theater release to SVOD.

3. Netflix and Amazon have evolved from being content aggregators and digital distribution channels to becoming integrated content developers/owners in their own right. Netflix has a budget of up to $5 billion per year for new content, placing it easily in the top 10 studios in the US, , and the company raised its content budget forecast for 2018 to $8 billion, supporting 80 new films and 30 new anime series.

What this means is an erosion of choice for consumers as they mostly see the major blockbuster releases promoted heavily by the studios and an erosion of income for independent filmmakers who do not have access to “bankable” stars and multichannel distribution relationships.

StreamSpace Mission

Our Mission is to become the world’s leading destination for innovative film content, with a deep catalog that will enable personalized viewing experiences and that will be rewarding for our two core customers, independent filmmakers and indie film aficionados.

Distributed Storage Network

In StreamSpace, data is distributed by exchanging fragments of data with peers throughout the network using a BitTorrent inspired protocol for distributing and sharing files. The fragment sharing protocol is superior to BitTorrent in that it is not limited to the fragments in one torrent. It acts as a persistent marketplace where specific nodes can acquire the fragments they need regardless of what file those fragments are part of. This creates a digital market in which nodes trade file fragments with each other. The distributed hash tables (DHTs) used by IPFS protocols enable StreamSpace to create a massive peer-to-peer system for storing and distributing fragments of data rapidly and efficiently.

To add another layer of performance, StreamSpace will utilize Directed Acyclic Graphs (Merkle DAGs) in a similar way that Git utilizes them to create graphs where links between objects are cryptographic hashes of the targets embedded in the sources. These Merkle DAGs provide StreamSpace with three core benefits : Content Addressing,Tamper Resistance, Deduplication.

Quality of Streaming Video Content

StreamSpace uses Dynamic Adaptive Streaming over HTTP (DASH), which ensures high quality streams over the internet. The original video file is split up into many smaller video file segments of many bitrates and resolution. The fact that DASH content is just “a bunch of files” makes it a good choice for blockchain storage protocols such as IPFS and StreamSpace’s extensions of IPFS. An MPEG-DASH Media Presentation Description (MPD) file will be created for each video file containing the link and video metadata used for streaming.

Some potential enhanced features include :

For Filmmakers

Online forms to help complete and submit IMDb metadata, so filmmakers can stay in the StreamSpace environment as they upload and launch their film projects into the market.
Linked social media channels and promotion tools to attract audiences and build the filmmakers’ reputations and popularity.
Networking opportunities across the filmmaker communities, including opportunities to share tools and techniques, learn about new technologies and build audiences.
Support for additional video content classes, including animation / anime, live stream content, music videos, trailers and other short form content associated with films, immersive content such as virtual reality or interactive content, etc.

For Film Viewers

Increased viewing options including more supported screen sizes or SVOD thin client options as well as potential offline viewing options.
Opportunities to engage with the filmmakers through reviews / ratings, “behind the scenes” extras, or forum / chat room engagements.
Improved algorithms for superior recommendations.
Expansion of the genre choices to include films, shorts, anime, music videos, or other video content from a wider variety of countries, including China, India, Korea, and Japan.
Potential new film formats, including virtual / augmented reality or immersive content and interactive film experiences as mentioned above.

StreamSpace will leverage its experience in conducting its own ICO plus the contacts made across the film and blockchain industries to identify a pool of potential investors who might be interested in supporting novel film or other video projects. We intend to dedicate resources to underwrite token sales to support a small number of marketable projects. One potential method might involve sponsoring a filmmaker with a custom crowdfunding website, in which potential viewers and other investors would offer fiat or tokens in return for a percentage of the revenue stream from the StreamSpace or other SVOD portal.

Another, somewhat more complex financial arrangement might involve a smart contract in which the investor funds would be repaid from SVOD revenues up to a certain level, such as 120% of funds raised over a 1 year period, with a 20% or similar royalty rate paid for all revenues beyond the target threshold. A filmmaker might reserve a certain fraction of the tokens allocated to the project, thereby retaining more of the financial return, but this could have an adverse impact on the marketability of the film project.

Roadmap

The StreamSpace solution in its first iteration will feature basic functionality of the first eight technical components noted above. The ninth element of the solution, ICO / Token crowdfund campaign support, will be offered on an as-needed basis, based on the level of interest from filmmaker customers along with availability of StreamSpace technical support resources. Subsequent iterations of the StreamSpace solution may continue to expand and refine the functionality for both filmmakers and for consumer film aficionados.

StreamSpace Technology Digital Wallet & Smart Contracts

One of the great design advantages of Ethereum is the Ethereum Virtual Machine (EVM) that can execute smart contracts submitted to run on the Ethereum chain. These contracts are self-enforcing and cannot be manipulated or censored, which allows programmers to automate many processes that traditionally require an oversight board. This yields advantages in terms of content security and transparency of the transactions along with the transaction history. Examples of applications include e-commerce, real estate transactions, legal contracts, and financial trading. The smart contract acts as an escrow system, whereby the payment is not released until the “product” has been delivered and acknowledged. A digital wallet holds the funds in the form of a specific number or fraction of StreamShares tokens, represented by the token symbol SSH, assigned to a unique account identifier with a private and public key.

As an example, a film enthusiast logs into his account, adds US$5.00 in value to his digital wallet (either by electronic funds transfer directly or through a service like Paypal, 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 an immediate token transfer from his digital wallet to a smart contract, in which a small portion of the fee is sent to StreamSpace and the balance is transferred to the copyright licensee or owner for the film. In a basic example, one filmmaker would own 100% rights to the viewed film, and all revenues other than payment fees and StreamSpace’s hosting fee would transfer to the filmmaker’s wallet.

Content Player and DRM

StreamSpace provides a downloadable App in general internet browser, but with an initial focus on the PC running the major browsers, it also will be able to download on your smartphone and SVOD clients connected to the HDTV. For the initial release, StreamSpace akanmenggunakan browser based player that is optimized for Microsoft Windows and Apple’s OS. StreamSpace will develop and deploy mobile applications on Android and iOS, and StreamSpace will target some major Internet TV client systems, including Google’s SVOD Chromecast, Microsoft Xbox, Roku, Apple TV, Amazon TV api, etc. to allow consumers to add channels to your home screen StreamSpace Viewer.

Use of Funds

The maximum distribution will be the sale of 40% of the total number of issued tokens, or 400 million SSH out of 1 billion total tokens. StreamSpace is aware of the potential securities laws associated with this type of fundraising mechanism, and is making every effort with our legal counsel to comply.

The remaining tokens are reserved for running the film marketplace and the expenses associated with building the content library. We expect that we will have to “buy” some of the content necessary to build an audience, offering guarantees to film makers. StreamSpace will scale the rate of hiring and other expenses commensurate with the amount of funds that are raised. The expected expense profile will be as follows:

G&A

StreamSpace runs a very lean organization, with minimal administrative overhead. All employees are currently located in downtown Austin, which combines a highly attractive work environment with much lower operating costs than commonly found in other major urban locations with a significant blockchain development talent pool.

Being in the blockchain ecosystem and adhering to high industry standards, the firm recognizes operational costs associated with accounting, administrative overhead, legal, facilities, and other functions of a successful, well-run enterprise.

Marketing

The StreamSpace business is driven by some of the best marketing experts in the industry. StreamSpace will continue to pursue its current lean, cost-efficient marketing efforts to grow the communities of filmmaker Owners and enthusiast Consumers.

R&D

As mentioned above, there are several elements of the StreamSpace platform that need to be developed to a state of commercial readiness for our expected nontechnical filmmaker and film viewer target customer bases, including the following :

Distributed blockchain storage and distribution network sufficient to scale up to several thousand potential film files.
Consumer front end optimized for the key consumer screens, especially smartphones and SVOD thin clients connected to HDTVs.
Content recommendation engine.
Digital wallet and centralized account register holding SSH and fiat currency escrows for Owners and Consumers. Consumer accounts will just show fiat currency balances, while Owner accounts will show both StreamShare and fiat currency balances.
Internal token exchange with links to the major public exchanges where SSH tokens can be purchased or sold.
Content Owner front end for uploading the digital film content into the StreamSpace storage network, along with metadata that will support the StreamSpace recommendation engine requirements and also satisfy the metadata requirements for IMDb or other film databases. he content owner will also be able to inspect business performance trends including film popularity, viewer statistics, abandonment rates, ratings and reviews, and community engagement levels.