AIOZ Network: Decentralizing the $50 Billion Dollar Video Streaming Industry
Streaming Into the 21st Century
Two of mankind’s greatest pastimes are the TV (pre-2000s) and the internet (post 2000s). And their love child has brought us all of our favorite video streaming services from YouTube, to Netflix, even to NSFW video sites. If you look at the top 10 websites, it’s either search engines, social media sites or video websites. Our appetite for on demand video has been growing exponentially and is not likely to slow down anytime soon. With live streaming gaining real popularity, one can quickly point to who the big winners are — the CDNs.
Behind every video that you watch is a CDN or a content delivery network. They are in-charge of distributing the video and making sure that it is available to anyone anywhere and with good quality and speed. Right now, there are three main CDNs that handle most of the global video streaming services — Cloudflare, Amazon Web Services, and Akamai. These three companies alone distribute millions or even billions of hours of videos every single day.
Problem with Traditional CDNs
The Last Mile Problem
If you love watching videos online, you’re probably familiar with the ever-so frustrating loading icon. The infinitely looping icon indicates a lag in the server, and makes for interrupted viewing time. Video conferences, too, have become a more apparent method of meeting as the world sets into a digital space come the Covid pandemic. Anyone who has had a video conference knows all too well how lagging communication can get. Although we usually attribute lags to our internet service, the problem lies with what is called a “Last-mile Problem.”
A traditional content delivery network (CDN) consists of a central point of presence (PoP) that communicates to all user nodes. This setup creates bottlenecks, especially to users geographically farther to the PoP, causing lags. The further the user from the PoP, the more limited the speed and amount of data passing through the server that connects to the user.
Since centralized networks have a master server somewhere with a company operating it directly, they can be censored, controlled, or even shut down. These are the very things we’ve fought against to gain freedom. We definitely don’t want to go back to the days of state controlled media.
There is a reason these handful of CDN companies are raking in Billions of dollars every year. Their profit margins are huge and they have an almost monopoly of the market. This affects profitability of platforms which can lead to profitability of content creators and trickles down lastly to consumers. Noticing more ads on videos you watch? Wonder why.
Since the last-mile problem stems from a centralized point, the solution seems to be arbitrary. Just connect to video streaming services with nodes near you. Though that’s easier said than done, some companies are already working on a more realistic solution — decentralization. Cluster nodes by location for faster communication, which would smoothen out video loading.
This is where the AIOZ Network comes in. AIOZ Network is a Singapore-based, decentralized Content Delivery Network (dCDN) that operates on its own blockchain. Instead of being a central company, AIOZ network incentivizes anyone to run a node and be part of the dCDN and get paid for doing it.
The project has been in development for 8 years, with more than 30 developers involved. The network has been self-sufficiently funded since 2018, and has partnered with key players in space.
How AIOZ dCDN Works
The network works on a peer-to-peer system, and has contributors all over the world that share their bandwidth to users nearby. As a peer-to-peer network, individuals can sign up as a contributor, and operate their own node, server, or transcode. It is an affordable and transparent evolution of the traditional CDN, which allows other developers to build on top of their platform to further revolutionize the video streaming industry.
All these systems put in place give consumers what they want — fast, reliable video streaming that is both safe and cost-effective. With more than 2000 working nodes operating all over the world, AIOZ would become more cost-effective not only for consumers, but for apps and sites as well.
For example, Youtube regularly spends millions of dollars to host, stream, and maintain content. If using AIOZ nodes to streamline content to consumers, the site can slash 20x the savings compared to using a traditional CDN. Economically, Youtube can afford to provide cheaper services to users, increased monetization to content creators, and can focus its efforts on other projects and improvements. Just think of it, 20x less ads, yes please.
All Star Team + Major League Partnerships
As mentioned above, AIOZ Network was created by more than 30 developers, including their founding team of engineers who have won hackathons, written peer-reviewed papers, and has even been awarded several patents. The patents, however, were never fully filed as CEO Erman Tjiputra decided to keep ideas open for the spirit of decentralization and the development of technology as a whole.
AIOZ is partnered with PAID Network and Innovio, whose founders also act as consultants for the team’s business. Other partners include Ruby Capital Singapore, and BSCPad, which empowers projects like AIOZ to grow its token’s liquidity as a cryptocurrency.
AIOZ already has a live product which you can test out today. (truly rare in the crypto space). AIOZ Tube is first video streaming dApp built on top of its blockchain to present and show other developers how they can freely use the platform to create their own dApps, and how the dApps will work on a retail scale.
AIOZ is not the only one eyeing the dCDN opportunity. In fact, the more popular and one thats currently in the market is called Theta. It is a blockchain provider that specializes in video streaming, with a Hybrid Architecture, where consumer nodes are branched out through various cache nodes. Cache nodes work on a peer-to-peer system, and are ideally closer to individual consumers geographically. Implementing a Hybrid Architecture minimizes the traffic that usually bottlenecks data in a CDN.
Currently, Theta Token [THETA] is one of the most valuable tokens in the entire crypto space, number 12 in fact. It has a market cap of over $11,000,000,000 at the time of this writing. This shows how big the opportunity is and how much investors are interested in the sector.
AIOZ Network Token
The AIOZ token has a total supply of 1,000,000,000 and will become inflationary later on to be used to reward and pay for the nodes. But on launch, only 40,250,000 tokens will be available giving it a market cap of just around $600,000.
If it can reach even just 0.01% of Theta’s market cap, that will be an 180x multiple. With a live product, solid team, and a strong go to market strategy, we won’t be surprised it hits it.
Full token metrics can be seen here: https://medium.com/aioz-network/aioz-network-token-metrics-explained-791b4e0854af
The Future of AIOZ Network
AIOZ Network has already mapped out future plans until 2022. It is a young project with a lot of great talent, community excitement and project support. We are witnessing a billion dollar project in the making.
2021 Q1: Edge Node Improvements and Blockchain Explorer Upgrade — for performance and visualization improvements
2021 Q2: WebRTC Scanning, WebRTC Video Player, and Smart Routing for Edge Nodes enabled
2021 Q3: Live Stream Support, Data and Smart Coaching in Edge Nodes
2021 Q4: beta Smart Contract, Fungible Tokens (AIOZ-RC20), AIOZ NFT, Decentralized Exchange
2022 Q1: Developer Portal, SDK & API for dApps, Decentralized File Sharing Research release
Seeing more players in decentralizing digital media is a tell-tale sign of our day-to-day experiences going more virtual. AIOZ is certainly breaking barriers within the video streaming landscape, and its roadmap of future plans makes the company a competitive player focused on growing the industry.
With the release of AIOZ token, the project is finally making its gran debut. The hype is there with dozens of influencers tweeting and cheering on the project. It is definitely a project its competitors should watch out for. The talent and dedication behind the team is what we believe will unleash AIOZ’s full potential. This will not only give early investors great returns, but could truly change the way we watch our phones.
AIOZ is having their public sale on April 2, 2021 immediately followed with their pancakeswap listing. The token will IDO on BSCPad and PAID Network.