Transcodium aims to provide the first peer-to-peer decentralized file editing, transcoding and distribution platform with high quality and reliable computational power at a very affordable price. This will create a global market for users, willing to rent their idle machines to be used as workers. Further, at the end of the processing, the worker (processor) will be rewarded with tokens which can be exchanged into any currency or can be sold to customers (initiators) who need these tokens for use on our platform.
Problems with Cloud Transcoding
- Time Consuming due to the limited resources.
- Very Expensive thereby scaring away startups & low budget firms.
- Unreliable, Server outage can cancels the whole process
Transcodium started as medianap in 2015 with a visual cloud transcoding and media editing platform, but we went out of business due to the high cost of cloud servers, we could not compete with the existing platforms and had to switch to another business, In 2016, our team decided to look into the project again but this time using the blockchain and decentralization technology. Unlike the previous platform, Transcodium's network will be fully autonomous without human intervention.
Rated on 15 Jan 2018
So, just a question, Is a correct use of blokchain or... just for money?
Rated on 27 Dec 2017
Rated on 12 Jan 2018
Strong team! Good luck guys!
Rated on 22 Dec 2017
Rated on 25 Dec 2017
Rated on 1 Jan 2018
Rated on 27 Dec 2017
It really isn't clear to me why this needs to be on the blockchain and the argument of 1/3 comparable pricing only applies if workers sign up to do processing. Shouldn't there actually be a competitive market optimizing time to process and price?
I'm also not seeing team members who are going to help market, get partners using it, or get it integrated into other products as a rendering service.
As with other transcoding and data processing services there are issues around privacy - a remote machine can't do transcoding without access to raw unencrypted data.
There is some code on Github but it is mostly contracts and a wallet app.
1. Question: It really isn't clear to me why this needs to be on the blockchain and the argument of 1/3 comparable pricing only applies if workers sign up to do processing. Shouldn't there actually be a competitive market optimizing time to process and price?
Answer: Transcoding a perfect use case for the blockchain, workers dont need to signup, what we provided at https://proto.transcodium.com is a prototype from our old cloud version which we are going rebuild as a DApp. After the final product is ready, minners or workers need to only install our wallet app which includes a minner and a visual editing studio.
For the pricing we provide a range of price for workers to choose from, the price can be overriden to set your own custom price. We did provide a price range because unlike traditional blockchain minning, transcodium does not have a difficulty hash rate, so if you earn $100 a day , with the same processing power, you will always earn the same.
2.Question: I'm also not seeing team members who are going to help market, get partners using it, or get it integrated into other products as a rendering service.
Answer: The same team member you are not seeing built a cloud version of a transcoding platform in 2015 when even amazon and google transcoding platform were not built or at infant level. The team members are competing with giant companies, same team members are the first to think about the innovation of migrating the cloud transcoding to the blockchain, and the same team member has been able to push far publicly to this level for your awesome rating and comment.One thing for sure, we don't give up, only a dead person is hopeless and useless.
The main reason for the ICO is to hire more expert into the team to help build, intergrate and market our product.
3. Question: As with other transcoding and data processing services there are issues around privacy - a remote machine can't do transcoding without access to raw unencrypted data.
Answer: Very true, but if you have worked with media processing tools such as ffmpeg and avconv, you will know that a media file can be splitted and joined. with this idea, no worker file will have access to a full file, a file will be splitted into very little chunks example: 3 seconds pieces and will be distributed to the workers. This idea works because google youtube uses same ideology for quick transcoding.
Apart this helping privacy, it will also enable a speedy transfer of files from the masternodes to the workers, due to the small nature of the chunks, even smart phone will be able to process them in a very short period of time.
4. Question: There is some code on Github but it is mostly contracts and a wallet app.
Answer: It is true, the main purpose of the ICO is to hire more developers and expand the company, so we have no reason to stay idle, that is why we have started development as soon as possible. The main master nodes and the worker apps will be built very soon.
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TeamApply as an advisor
CTO / CO-FOUNDER
BLOCKCHAIN EXPERT / CO-FOUNDER
BACKEND DEVELOPER / BLOCKCHAIN EXPERT
SECURITY ANALYST & SERVER ADMIN
First Cloud version of platform created
- Decision to adopt blockchain & Decentralized technology over centralized cloud
- Research & Analysis into the blockchain & Decentralization technology
- Drafting of white paper
- Company Registration & Legal Processing Commenced in UK
- Token Pre Sale
- Public ICO starts
- Listing TNS token into public exchanges
- Development of wallet (with built in exchange and miner) for major platforms (Android, Windows & Linux)
- Development of master node application for major platforms
- First beta testing of platform & the provision of fully paid premium accounts for investors,token
holders, brands, startup to try the platform for 1 month.
- Production commence for the platform