COI Blockchain Foundation, NewStar Partner to Disrupt Streaming Industry

COI Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term Foundation, a subsidiary of China Ocean Heavy Industry, on Wednesday announced its strategic partnership with Singapore Flamingo Foundation Pte, specifically for its blockchain-based streaming platform NewStar.

Under the signed agreement, COI Blockchain Foundation has given some ideas of the layout of the entertainment and blockchain, expanding new investments. This came as a part of the foundations plan to explore and invest in the development of blockchain technology.

Disrupting live streaming with blockchain

As many tech companies are trying to disrupt several fields using blockchain technology, NewStar has focused on the lucrative live streaming industry.

Per the company, it is aiming to transform the underlying economic system of the entertainment industry through the blockchain technology, and re-structure a decentralized ledger and Settlement Settlement Settlement in finance refers to the process when a buyer makes payment and receives the agreed-upon services or goods. The term is used on exchanges such as New York Stock Exchange (NYSE) when security changes hands. When the asset is transferred and placed in the new buyer's name, it is considered settled. This process could take a few hours or several days after a trade is made. It depends on the clearance process. In the United States, the settlement date for marketable stocks is usually 2 Settlement in finance refers to the process when a buyer makes payment and receives the agreed-upon services or goods. The term is used on exchanges such as New York Stock Exchange (NYSE) when security changes hands. When the asset is transferred and placed in the new buyer's name, it is considered settled. This process could take a few hours or several days after a trade is made. It depends on the clearance process. In the United States, the settlement date for marketable stocks is usually 2 Read this Term system to deposit, confirm, store and distribute valuable content in the entertainment industry.

“With the boom of Live Streaming industry, streamer has come into existence. Based on our understanding, streamers seem to be extremely profitable job with the backing of a competent team and numerous fans base,” the announcement stated.

As based on the decentralized solution, the platform is putting content producers and consumers in direct contact without a third party by building a set of decentralized solutions. And the blockchain technology will also help in recording every token transaction transparently.

Moreover, to compete with major streaming players, the platform is distributing 100 percent of the revenue to the streamers.

With the partnership, NewStar is also looking to improve its underlying technology by leveraging the resources and influence of COI Blockchain Foundation. Both companies will also jointly promote the projects developed for the streaming industry.