hallo loyal readers of the latest technology, introduce Platform TRANSCODIUM, a present invention for the future.
Nowadays we've all seen a tremendous increase in the media industry, from video ads to streaming media, however, due to the extremely high cost of transcoding services, and it's very challenging for start-up companies and low-budget companies that need or look for services transcoding at a cost that is not too high cost.
Since the emergence of cloud technology, the transcoding industry has grown on a very large scale. We are famous for companies like Netflix, Amazon Prime, Vimeo, Youtube, and e.t.c, which transcribe terabytes of data every day, investing a large amount of their revenue for media file conversions. The current report also predicts that, by 2019, the transcoding market will grow by 15 percent CAGR globally, reflecting a very wide scope to grow.
Transcoding concepts are always limited to the conversion of video and audio files, but they are larger in size to retrieve all file types such as PDF, HTML, Word Document and convert it into the preferred format of choice.
Transcodium will provide APIs, Consoles and GUI Apps for customers to help with the fast transcoding process. Before processing begins for each transcoding request, the initiator (customer) will be charged an approximate fee for approval, once approved, the initiator wallet will be debited for processing to begin immediately.
Transcoding is the ability to adapt digital files so that their content can be viewed on different playback devices. Working like a translator, the transcoder translates the file into an appropriate format for the end user. Translation is built on complex algorithmic calculations and requires significant processing resources. This means you can enjoy your favorite favorite videos on Netflix, Hulu or YouTube, series or laptop because this service is sitting there and changing all the heavy files to be compatible with your desktop, laptop or mobile. This will give you an idea of how important this service is. Because this service is in great demand by almost all streaming and social platforms like Facebook, YouTube, Netflix and others. The streaming & transcoding industry in the United States alone is estimated at about $ 804 billion by 2021, according to Entertainment & Media Outlook by Price Water house Coopers. As the media grows into the consumer world, the streaming industry is becoming more popular than broadcast TV. Video projects the highest revenue from the entertainment sector and any media, which is about USD $ 420 billion in total in subscriptions and ads by 2015 in accordance with PwC.
With the current transcoding platform, the following issues and limitations are identified:
The Cloud transcoding platform is too expensive and scares the beginners, who need their services. Existing companies must spend more than half their revenue just to process this media file, which is not encouraging.
Prolonged processing time due to hardware limitations. Cloud transcoding platform has a hardware hard limit, therefore, all files to be processed are queued, until the time is processed, causing frustration on the customer side pending processing.
Due to the central nature of the platform, server outages or downtime can lead to the overall failure of the transcoding process to waste time, money and resources.
Most transcoding platforms are limited to media file formats, making it very difficult to convert other formats such as image and document formats
The solution is outlined for the problem
Here is the proposed solution to the above problem:
Blockchain and decentralized technology models enable the provision of cheaper and reliable alternatives to cloud transcoding.
Due to the unlimited processing power, all thanks to the workers, the files will be transcoded in very fast speed, eliminating the long queue and waiting time.
Single transcoding requests will be processed by multiple nodes and workers, so a one-node or worker outage will have no effect on the process, making it more efficient and time-saving.
Transcoding is not just limited to audio and video only, but also other file formats such as pictures and documents.
General Structure
The pricing system on the Transcodium network is managed by TNS regulations. Rule TNS is an autonomous algorithm that balances between processor and initiator so as to make both parties happy.
Workers regularly send updates to the master node regarding their status, the information sent includes processing power, internet speed, time of conversion and their device information. The TNS regulator uses this information along with the proof of the stake factor and other factors to randomly select unemployed workers to process the data. It also allows networks to group workers based on their performance.
The proponent has a free will to choose from the $ 0.006 to $ 0.01 per minute range for output quality SD video and $ 0.008 to $ 0.020 per minute for HD video quality output. Non-video files such as audio will have a price range of $ 0.006 to $ 0.001 per minute from the output.
Files such as pictures and documents (PDF, word etc.) can not be measured in minutes, so their size will be measured to their size in megabytes. A megabyte of a file will have a price range of $ 0.006 to $ 0.01 per unit of output.
To enable network equity, the highest paid duty will be given to the best performing worker to help give the initiator value of the money paid.
The image above explains the operation of a master node and workers on the Transcodium network.
Transcodium aims to provide advanced file editing, sophisticated peer-to-peer transcoding platforms and reliable and reliable computing power platforms at very affordable prices. This will create a global market for users, willing to rent their idle machines for employment. Furthermore, at the end of processing, the worker (processor) will be rewarded with TNS Token.
The TNS Token is a UTILITY token intended for use on the Transcodium Platform. This is not SECURITY, SHARING or BOND.
Transcodium began as a median in 2015 with visual transcoding and media editing platforms, but we ran out of business due to the high cost of cloud servers, we were unable to compete with existing platforms and had to switch to other businesses. By 2016, our team decided to look into in the project again but this time using blockchain technology and decentralization. Unlike the previous platform, the Transcodium network will be completely autonomous without human intervention.
Why Invest in Our Company ?
Registered & Verified
Before the company is issued with EV SSL (Green company name in the address bar), the company must pass a series of verifications such as Legal Existence and Identity, Trade Name, Operational Existence, Physical Presence and information delivery. about all the directors. We got through all the exams.
Existing product
Our company already has existing products on transcoding and media distribution, our plan is to rebuild this platform using blockchain and decentralized technology, this will help provide cheaper but reliable transcoding services to customers. This can be achieved only by expanding our team that requires a lot of funds.
Existing market
The transcoding industry is one of the fastest growing fields, this is one of the reasons why giant companies like Google and Amazon are entering this field.
The good news is, the size of the global video transcoding market is expected to grow from USD 3.25 Billion in 2017 to USD 7.50 Billion by 2022.
Token Distribution :
Registered & Verified
Before the company is issued with EV SSL (Green company name in the address bar), the company must pass a series of verifications such as Legal Existence and Identity, Trade Name, Operational Existence, Physical Presence and information delivery. about all the directors. We got through all the exams.
Existing product
Our company already has existing products on transcoding and media distribution, our plan is to rebuild this platform using blockchain and decentralized technology, this will help provide cheaper but reliable transcoding services to customers. This can be achieved only by expanding our team that requires a lot of funds.
Existing market
The transcoding industry is one of the fastest growing fields, this is one of the reasons why giant companies like Google and Amazon are entering this field.
The good news is, the size of the global video transcoding market is expected to grow from USD 3.25 Billion in 2017 to USD 7.50 Billion by 2022.
Token Distribution :
Total Supply 120,000,000
Sales Token (72%)
Bonus & Discount (4%)
Advisors & Partners (4%)
Bounty (1%)
Team Members (10%)
Marketing (Present & Future), trial account funding for customers & platform testers (9%)
Budget allocation :
Soft Cap $ 500,000 USD
Hard Cap $ 30,000,000 USD
Project Development (50%)
Company Expansion (3%)
Marketing & Brand Awareness (20%)
Operational Cost (15%)
Law & Insurance (10%)
Miscellaneous Budget (2%)
Bonuses & discounts
Number of token sales Offer Price per token
5.710.000 (Presale) 30% Discount $ 0.263 USD
6,680,000 Discount 20% $ 0.300 USD
Discount 22,190,000 10% $ 0,338 USD
Discount 25.220.000 5% $ 0.357 USD
Discount 26.6 million 0% $ 0.376 USD
Token Details
Token Role: Represents the processing power used for file conversion
Ticker: TNS
Blockchain: Ethereal
Standard Token: ERC20
Supply: 120,000,000 TNS
Sale: 86.4 million TNs
Emission Level: No new token will be created
Accepted Currency: ETH, BTC, LTC
Pre Sell Period: 07/01/2018 00:00 UTC to 28/02/2018 00:00 UTC
Minimum goal: $ 500,000 USD
Maximum goal: $ 30,000,000 USD
Info Price.
1 TNS = $ 0.376 USD
1 BTC = 38312.33333333 TNS
1 ETH = 4025.83333333 TNS
1 LTC = 620.09666667 TNS
* Prices are calculated using the current exchange rate
Roadmap
2015
The MARCH First Cloud platform version is created
2016
JANUARY The decision to adopt blockchain & decentralization technology through a centralized cloud
APRIL Research & Analysis becomes blockchain & decentralized technology
NOVEMBER Preparation of white paper
2017
JULY Company Registration & Legal Processing Started in the UK
2018
JANUARY Pre-sale Token
Public funding MARCH
The development of JULI wallet (with built in exchange and miner) for main platform (Android, Windows & Linux)
DECEMBER Development of master node application for main platform
2019
JULY First beta testing platform & provision of premium paid accounts for investors, token holder, brand, startup to try platform for 1 month.
NOVEMBER Production starts for the platform
this is TRANSCODIUM team.
if you are interested or you do not understand about this project, you can visit us below:
Website: https://transcodium.com/?lang=en
Facebook: https://www.facebook.com/transcodium/
Twitter: https://twitter.com/transcodium
Telegram: https://t.me/transcodium
Github: https://github.com/transcodium
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