#Blockchain represents a paradigm shift to trustless exchanges and continues to evolve and disrupt many industries. The technology’s myriad uses and numerous attributes still continue to emerge as blockchain makes its way into commercial use. #Blockchain ’s security, transparency and versatility allows it to stand out among new technologies that come and go daily and promise to change the game. For that reason, companies should consider implementing blockchain to step up their game in the digital era and to fully automate their businesses.
With blockchain’s numerous uses and versatility, our #AVXChange team was able to build a custom, incentive based, P2P file sharing platform designed for the exchange of audio and video media over the internet.
Our AVXChange technology was engineered to address the need in the market to convert uncompensated #P2P media file downloads into compensated media downloads. (Uncompensated media downloads are when IP owners receive no compensation for their work being downloaded.) Participants are incentivized to compensate IP owners by allowing those sharing the files to profit their involvement in the distribution network, economically compensating them for the usage of their bandwidth, processing, and storage resources.
Imagine a #Bittorrent like client that has a transaction mechanism which allows users to compensate intellectual property (IP) owners and incentivizes users by allowing them to earn for their role in distributing the product to market.
AVXChange will use its own form of #cryptocurrency (AVX) which will facilitate quick and seamless cross border, global internet based transactions.
From IP owners to file distributors, everyone will earn, all while helping to build the most convenient and scalable file sharing network on the planet. - 2 days ago