Snap Interactive to create blockchain-based multi-media delivery platform open to third-party developers
Snap Interactive announced today that it is developing an open source, multi-media delivery platform that combines STVI’s live streaming video, voice and data routing capabilities with the enhanced security, scalability and cost effectiveness of blockchain technology.
STVI’s open delivery platform is expected to specialize in routing live, rich media content and powering applications that require real-time data and video communications.
At launch, the platform is expected to host Backchannel, STVI’s secure video messaging app planned to launch in 2018, and is anticipated to also enable third-party developers to build the next generation of social networking, messaging, group collaboration and live video streaming apps using the company’s blockchain-based services.
STVI’s new platform is planned to provide the developer community with the opportunity to leverage the strength of the company’s 15 years of development history in live video delivery and its recent investment in blockchain infrastructure to enable decentralized media routing. STVI envisions that the decentralized platform will offer the potential for superior security, scalability and cost efficiency, with token-based incentives driving a large community of contributors of bandwidth and computing resources.
As previously announced, the company plans to build this decentralized platform as a horizontal extension of the best-of-breed NEM blockchain protocol.