Implementation of Blockchain in Live streaming industry: live streaming 2.0

The live streaming industry has attained exponential growth in recent years, with platforms like Streambiz, bigolive, YouTube, and Facebook Live becoming increasingly popular. However, the industry still faces several challenges, including issues with transparency, security, and monetization. This is where blockchain technology is involved that offers a solution revolutionizing the live streaming industry and taking it to the next level, often referred to as live streaming 2.0.

What is live streaming app – Streambiz is known for?

StreamBiz is a live streaming app that allows users to broadcast live video content “Golive” with their followers. Streambiz has single broadcast and multiple broadcasts by live streamers no matter whether it’s a live event, a behind-the-scenes look at a business, or a Q&A session with fans, StreamBiz is available in the Play Store and app store also it offers a platform for individuals and businesses to engage with their audience in a more personal and interactive way so how does blockchain play its role in Livestreaming app – Streambiz?

Pinpoints of live streaming apps?

  • Security ( Copyrights) 
  • Transparency
  • Monetization

Implementing blockchain in live streaming platforms like Streambiz –  Livestreaming apps can improve transparency, security, and monetization for both content creators and viewers. As there are multiple millions of broadcast channels with the same title, content has a higher risk rate with traditional live-streaming platforms, and there are often concerns about data privacy, hacking, and content piracy. By leveraging blockchain technology, live streaming platforms Streambiz – Livestreaming app can implement more secure and encrypted systems, reducing the risk of data breaches and unauthorized access and thus blockchain can also enhance security in the live streaming industry.

Another key benefit of blockchain in live streaming is transparency. Blockchain technology allows for the creation of a decentralized and transparent ledger, where all transactions and interactions are recorded and can be publicly verified. Age restriction and verification of the host-live streamer can be automated via smart contracts This means that viewers can have confidence in the authenticity of the content they are watching via live streaming session and content creators can have more control over their intellectual property rights.

In addition to transparency, blockchain can also revolutionize the monetization of live streaming content which brings out many entrepreneurs in various aspects of business like influencers, and business professionals in e-commerce promoting their brand reaching wide audience globally also transforms greater moments as memories with live sessions via Streambiz –  Live streaming app but unfortunately at present content creators often face challenges in monetizing their content, with platforms taking a significant cut of their earnings. BSEtec – A leading blockchain development company that invokes blockchain-based smart contracts in Streambiz –  Livestreaming app so content creators can receive direct payments from viewers, cutting out the middleman and ensuring fair compensation for their work.

In addition to these benefits, blockchain technology can also enable new business models for live streaming, such as tokenized ecosystems and decentralized autonomous organizations (DAOs). These models can empower viewers to have a more active role in the content creation process and provide new opportunities for content creators to engage with their audience and monetize their content in innovative ways.

Overall, Blockchain technology, best known for its role in powering cryptocurrencies like Bitcoin and Ethereum, has the potential to address many of the current challenges in the live-streaming industry. The implementation of blockchain in the live streaming industry creates a new era of live streaming 2.0, where transparency, security, and monetization are significantly improved. As the technology continues to evolve, we can expect to see more live streaming platform upgrades along with BSEtec – blockchain engineers embracing blockchain and reaping the benefits it has to offer on par with live streaming app – streambiz as they do have ready-made live streaming solutions that could lead to a more vibrant and sustainable ecosystem for both content creators and viewers, Get partnered with BSEtec who ultimately craves the future of live streaming – Streambiz. 

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