Last updated: 8/5/2020
The VideoCoin Network (VID) is constantly working to bring in partnerships with enterprises from the real world. Whether it’s support for the decentralized video infrastructure or enterprise customers, here is the full list of partnerships that VideoCoin has thus far.
We will frequently update this list as more are announced to ensure an up-to-date resource for the members of the VideoCoin community.
Confirmed VideoCoin Partnerships
All partnerships listed has been confirmed by the VideoCoin team:
Stay tuned…more to come!
1. iNDEMAND
iNDEMAND is the first major publisher to join the VideoCoin’s Innovator’s Program in a partnership to bring the decentralized video processing infrastructure into the homes of over 60 million people. They specialize in distributing premium VOD (video on demand) services, such as Pay Per View sports, boxing, premium movies and more.
Originally started as Viewer’s Choice in 1985, iNDEMAND is jointly owned by Charter, Cox Communications and Comcast – some of the biggest players in the American cable industry (collectively worth hundreds of billions of dollars in assets).
The company manages around 500,000 unique video assets, though they maintain an archive of more than 5 petabytes (5 million billion bytes) of data. For reference and a comparison, Netflix had around 60 petabytes of data in their massive content library as of 2019.
Five petabytes is nothing to scoff at. The volume of content data is so tremendous that they have a real need for video processing on a massive scale. As such, iNDEMAND is looking into encoding, transcoding, storage and distribution using the VideoCoin network.
Thanks to the ever-growing swift pace of professional video production and demand for SVOD services, the incentive to reduce costs through an innovative blockchain-enabled video infrastructure has never been greater.
2. Public Mint
Public Mint launched its ‘fiat-native’ public blockchain on July 1, 2020 following two years of development. They are the first native blockchain that allows any company to build fiat-enabled applications that accept mainstream means of payment, such as credit cards, ACH and wire transfers.
This decentralized fiat layer immediately turns the payment model into a trustless and transparent experience. In other words, we don’t have to “trust” VideoCoin to pay us the cash rewards we’re owed! The fiat paid for services does not need to enter VideoCoin’s bank account before being redistributed to the network’s worker nodes and delegators.
Another huge plus is that this fiat layer allows publishers to pay for the network services using mainstream methods of payment. If a blockchain company is looking for adoption, forcing an enterprise company to purchase your cryptocurrency on the market to pay for services is a huge barrier of entry. Companies simply don’t want to deal with this.