In 2017 the global video streaming market was valued at $3.25 billion. The audience for streamed video grows every day, and growing in step is the market for video transcoding.
Transcoding is a complex and time consuming process due to the scarcity of computing power. This has in turn increased the costs of cloud based transcoding.
Transcodium is a specialized decentralised platform for processing, transcoding and distributing media files. The purpose of this app is to eliminate the challenges revolving around cloud based transcoding and making it a more affordable and accessible for all users.
Overview of the Company
TRANSCODIUM started operation in the 2015. At the point it was short lived as a company callaed Medianap. Medianap chose to offer cloud transcoding services. The problem these were highly complex and costly.
A year later, the company restructured its organization, adopting the decentralized and blockchain technology and this, time the company hit the bulls eye, developing a solution which would provide the cost effective transcoding services that it envisioned. The idea was that the blockchain could enable the creation of a completely decentralised network that anyone with an idle device could connect to.
The company is dedicated to the development of an app that will completely automate the video transcoding process, making it absolutely free of human intervention. This company is registered and is driven and managed by a team of professionals with plenty of experience in the transcoding industry.
How does it work?
First there are consumers that require video to be transcoded. These consumers will provide the video to the network to be transcoded and pay for this service. There are also workers who are users who have idle devices. These workers will connect their devices to the network. The processing power of these devices can then be utilized by miners. Rewards derived by the payment from the consumer are split between the workers and the miners. The end result is that the consumer is able to get cost effective transcoding services which can be scaled. The workers are able to earn income from devices that would otherwise sit idle.
The team behind TRANSCODIUM
This project is the brainchild of Jeetendra Kumar, Abhishek Tiwari and Razak Zakari. Jeetendra and Razak are the CEO and CTO for this project, while Abhishek is serving the project as one of the BLOCKCHAIN experts, in addition to Rushio Billings. Imran Khan is associated with the project as the Marketing Manager while the role of engagement coordinator is played by Rupsha Sheal. Rushio is also serving as the BACKEND person for this project.
ICO Key Details
Token name: TNS
Total supply of tokens: the total supply ranges to 120 millions.
Soft cap: the soft cap for this ICO stands at 500,000 USD
Hard cap: as for the Hard Cap, the ceiling has been fixed at USD 30,000,000
You can learn more about the Transcodium token sale by visiting:
Transcodium Website: https://transcodium.com
Transcodium Whitepaper: https://transcodium.com/files/whitepaper.pdf
Transcodium Twitter: https://twitter.com/transcodium
Transcodium ANN: https://bitcointalk.org/index.php?topic=2571769