REVIVING THE FORTUNES AND POTENTIALS OF ONLINE-VIDEO FOR THE BENEFIT OF ALL STAKEHOLDERS

The world of entertainment has overtime grew in digitization, content and global coverage that watching videos online has become a major source of revenue for providers and as well creators, reports only for 2017 shows that YouTube enjoys over 1billion worth hours of video viewers on daily basis and a large percentage of this viewers are youths who seem to want to be abreast with news on sports, entertainment, politics, education research and self-development. Other platforms have spurned up to offer contemporaries services like YouTube due to the lucrative nature of online video viewing; however the they seem to be a challenge in ensuring fair distribution of revenue stakeholders among the major stakeholders in and behind the business of video creation and content sharing online, the reason for this inequality in distribution can be likened to the outdated business models on this online video platforms. The major stakeholders like content creator, advertiser, user, curator and platforms are all suffering several shortfalls. Content creators majorly the developers and up loaders of video online enjoys a very low profit margin that is very meager when compared to the total revenue generated, it sometimes so bad that most content creators don’t even get to their cost for production, other issues affecting content creators are the lack of transparency and inadequacies in payment systems and the challenge of poor copyright enforcement. Advertisers of video online too are not left out in these inadequacies as they also suffer the challenge of declining conversion rates and higher cost, users too on the other hand are submerged with too many ads, they seem to have become skeptical with the use of their data since it’s not compensated. Curators seems to be losing control and ability to effectively monetize their influence, platforms are also suffering serious effects of unsustainable business models.

All these challenges and many more seem a threat to the future of online video but the invention of blockchain enabled VIDDO is out to create a global video demand worth USD 4.7billion by ensuring that all stakeholders are duly paid for their services. VIDDO is the first of blockchain enabled platform that is going to run as a per-per-view video platform, it operates with a top-notch proprietary business model and blockchain inclined data security, management and calculable income mechanism for effective revenue distribution for all up loaders, other stakeholders, with over 26 professionals behind the blockchain masterpiece called VIDDO, it sure has no reason to fail as at its launch come Q4 in 2018 it will be gracing its platform community with about 100,000.000 VIDDO tokens (VDT) to share among themselves.

WHAT VIDDO PLATFORM IS REALLY ABOUT

The platform is a blockchain enabled system that operates as a per-per-view (PPV) online video sharing platform, it is very effective because of its use of VIS model and its blockchain based system for effective data management, this allows for an effective analysis and calculation of income for stakeholders (content creators, users, advertisers and curators) the VIDDO platform is designed in to use its prepaid VIDDO points as that which can be used to buy content within the platform, the process is made seamless by the transfer of points to consumers (users) either from curators or creators, the VIDDO platform also gives it users the opportunity to monetize their time and data when they share videos and watch ads, user accumulated points can later be used to exchange for new view and for cash (fiat currency) although been able convert VIDDO points to traditional currencies requires that user must first acquire a proAccount that can only be purchased with VIDDO token (VDT) .

TEAM INFORMATION

CONCLUSION

VIDDO is a unique blend of blockchain based technology that can create an effective monetization of video platform that takes every single stakeholder rights and entitlements into account, its leverages on the powers of blockchain to eschew a high level of transparency during distribution of its revenue; it is dynamic in approach and services. VIDDO has created an opportunity for effective copyrights enforcement where and when necessary, it is a global based platform that supports virality; it provides an effective ads engagement system that reduces ambiguity and inadequacies in sharing of ads with incommensurate credit systems. Stakeholder within the VIDDO platform is sure to enjoy a high level of financial viability. VIDDO is indeed another peculiarity of internet world.

For more information visit:

Website: https://viddo.io/

Whitepaper :https://viddo.io/docs/VIDDO_ICO_Whitepaper.pdf

Demo: https://marvelapp.com/3614d40/screen/42517430

Medium: https://medium.com/VIDDO-io

Author:
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