VideoCoin Network Enhances Offering With New Partner for Blockchain-Powered Decentralized Cloud With Storj Labs

Storj Labs Joins VideoCoin Network’s Innovators Program to Combine Best-in-Class Decentralized Storage With Disruptive Video Encoding and Delivery

VideoCoin Network, bringing disruptive innovation by decentralization to video processing,  introduced it would improve its next-generation video infrastructure answer by partnering with Storj Labs, a pacesetter and pioneer in decentralized storage.

This partnership will incorporate Storj Lab’s Tardigrade answer into VideoCoin Network’s rising Innovators Program to mix probably the most environment friendly and sustainable video processing infrastructures on this planet with one of many quickest, most secure, and resource-effective object storage options available on the market at the moment. VideoCoin Network’s Innovators Program assembles best-of-breed next-generation video options to allow the decentralized way forward for video providers – a rising world want in mild of COVID-driven video demand. For media clients of the VideoCoin Network, Tardigrade can present each long-term, dependable storage for transcoded property and function origin servers for patrons’ most well-liked CDN suppliers.

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“Our Innovators Program significantly benefits from the inclusion of Storj Labs, a key player transforming cloud storage with its never-before-seen decentralized solution and method of blockchain compensation for independent Storage Nodes,” stated Halsey Minor, Founder and CEO at Live Planet, operator of the VideoCoin Network. “Their capabilities significantly add to VideoCoin Network’s growing stack of disruptive, decentralized media processing infrastructure solutions, and together, we will streamline operations for media companies, IoT providers, and countless others that can benefit from safe, cost-efficient and independent media processing.”

By becoming a member of VideoCoin’s Innovators program, Storj Labs considerably enhances the VideoCoin Network infrastructure by including its decentralized storage capabilities to VideoCoin Network’s stack of media processing options. These options and advantages embrace:

  • User entry to the primary decentralized storage answer backed by SLAs, guaranteeing 99.9999999% sturdiness, with drop in S3-compatibility
  • Greater safety, resiliency, and knowledge privateness by end-to-end encryption, and the flexibility to distribute and simply reconstitute knowledge that’s damaged into smaller items and saved on a world community
  • Access to the huge, world community of nodes on the Storj Network, which is able to provide media firms storage at a fraction of the price of centralized cloud suppliers like AWS

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The VideoCoin Network turned commercially obtainable in May 2020 to resolve the issue of more and more costly video processing. Its next-generation infrastructure for the encoding, storage, and distribution of video makes use of a revolutionary blockchain-powered strategy that connects media firms with underutilized computing assets in knowledge facilities world wide.

By incentivizing and monetizing the immense energy of sharing economies and underutilized compute capability, VideoCoin Network allows everybody from Hollywood studios to beginner videographers to course of video content material in a safe, scalable and less expensive methodology than offered by centralized cloud suppliers like AWS.

Since its inception, VideoCoin Network has been steadily increasing its Innovators Program, which enlists probably the most disruptive forces in media, video distribution, and expertise. This assemblage of transformative assets are enhancing VideoCoin Network’s infrastructure and furthering its mission of delivering sturdy programming, providers, and capabilities that may function an alternative choice to extra expensive centralized options.

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“Much like Storj Labs has disrupted the cloud storage industry by offering a faster, safer, and more efficient decentralized object storage solution, VideoCoin Network is harnessing the power of underutilized computing resources to solve the problem of constantly rising video processing fees,” stated John Gleeson, COO at Storj Labs. “We’re thrilled to combine our capabilities with this game-changing innovation and are confident in our joint ability to completely transform media processing, storage, and delivery.”

Founded in 2017 and presently headed by former Docker CEO and Cofounder Ben Golub, Storj Labs faucets into hundreds of spare capacities on disk drives throughout the globe to offer the first-ever S3 appropriate decentralized storage answer backed by enterprise-grade SLAs. It compensates its community of Storage Node Operators, who present the capability on the community, utilizing blockchain and ensures enterprise-grade safety with no level of failure through superior encryption by default and strategies to interrupt up knowledge for redundancy.

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