blockchain development is happening quickly. Big banks, government institutions
and Fortune 500 companies are all pursuing the latest iterations of this
technology. Moreover, there are hundreds of blockchain startups launching
through the initial coin offering (ICO) process, and these companies are making
the technology more relevant and more accessible than ever. In short,
blockchain technology isn’t just revolutionizing the accounting practices of
large businesses. It’s making inroads into our everyday lives — even into our
very living rooms.
Video Streaming Service StreamSpace
StreamSpace is a blockchain startup for
on-demand video streaming. There are a lot of ways to break down the numbers,
overwhelming consensus is
that people, especially younger generations, are more interested in streaming
video from Netflix or Hulu than they are in paying for a cable subscription.
Content creators are flocking to places like YouTube, and companies as large as
Facebook and Apple are trying to master this marketplace.
content creators, StreamSpace represents security from piracy and the
opportunity to control distribution and to set prices. Meanwhile, consumers
enjoy personalized recommendations and unique content that comes directly from
content producers. As cord cutters become more common, blockchain
platforms like StreamSpace are helping content producers capitalize on their
projects while also giving consumers exactly what they want: instant access to
Join the Ranks
may not be a household name, but EDM recording artist RAC made history last month when he became the
first recording artist to release an entire album for sale on the blockchain.
His album “Ego” was
released on the Ethereum blockchain and is purchasable using Ethereum’s native
isn’t the first artist to have this idea. In 2015, Imogen Heap released a
single, “Tiny Human,” on the blockchain. In a June 2017 article for the Harvard Business Review, the artist wrote,
“Blockchain has the potential to provide a more quick and seamless experience
for anyone involved with creating or interacting with music.”
music industry is already undergoing a period of reorientation. Music streaming
services are replacing traditional album sales. Artists including Taylor Swift
have complained about the financial inefficacy of this model, and the
blockchain stands as a solution for fairly compensating artists while also
accommodating our new listening habits.
IBM’s Watson IoT Initiative
are already billions of devices connected to the internet. This phenomenon
includes everything from Nest thermostats to the smart home devices that we all
received during the holidays. However, these devices are frighteningly
vulnerable to cyber attacks. As an unfortunate
family who had its baby monitor hacked reminds us, there is a real need to secure
these devices. IBM’s Watson Internet of Things (IoT) platform is on the
forefront of mitigating security concerns by using the blockchain.
Blockchain provides the private blockchain infrastructure of distributed peers
that replicates the device data and validates the transaction through secure
contracts,” explains IBM’s service page.
before we can comfortably place IoT devices throughout our living spaces, we
need the security of the blockchain to ensure that they are as safe as they are
blockchain isn’t a new service. It’s a better way to enact the types of
services that we already love. Like StreamSpace for video, or RAC in the music
scene, IBM’s Watson is helping ensure that technology’s full potential makes
our lives better.