“Content is King”, a well-known quote, presumably by Bill Gates, holds good on today’s internet. The increased need for content has created a demand for huge amounts of computing power for content distributors. While there is a lot of money to be made through advertising revenues and subscriptions, content distribution networks are constantly trying to expand their infrastructure to meet their ever-increasing bandwidth requirements.
BlockCDN, a Chinese blockchain-based platform has come up with a unique solution that can potentially make all the CDN industry’s problems go away. With billions of computing devices hooked to the internet, a majority of them operate well below their maximum capacity. BlockCDN allows users to pool in their unused processing power and bandwidth on a blockchain-powered trading platform. This crowdsourced pool of resources can be bought by the CDN providers at costs way below what they otherwise incur to set up the whole infrastructure.
With BlockCDN, content distribution platforms will have access to a constant stream of bandwidth at economical rates, without having to expand their network infrastructure. Similarly, the contributors of bandwidth — called Sharers in BlockCDN’s terms — receive rewards for their contributions to the network. BlockCDN, like other blockchain based platforms is set out to disrupt a $6 billion CDN industry. The use of blockchain technology opens up BlockCDN bandwidth trading platform to anyone with a computing device, including smartphones, tablets, computers and even TV boxes.
Currently under development, BlockCDN has launched its ICO. The BlockCDN ICO which started on November 28, 2016, will allow the platform to raise much-needed funds to get the platform up and running. With the CDN industry set to touch $23.2 billion by 2021, the ICO offers a great opportunity for investors to be part of the new internet revolution.
BlockCDN has already entered into a partnership with Youku — the China’s top online content provider to start testing its services. The fact that the founding team of BlockCDN has previously worked with Youku and their understanding of the industry has helped a bit in securing the deal.
Individuals can easily earn passive income by sharing the unused bandwidth on BlockCDN. The platform shares 95 percent of the revenue with Sharers after deducting 5 percent as transaction fees. Those interested in capitalizing on this unique opportunity can do so by participating in the ongoing ICO.