NelStream is a relatively new player in the entertainment market, and its main focus is to challenge the conventional approach used for content streaming by using the blockchain model. The idea behind their platform is decentralization and openness which is good for both authors of the content and end-users. The priorities of NelStream were to improve security measures, protect copyrights, and compensate fairly with an innovative, efficient, ethical, and profitable model for all involved parties of Steaming.
Hours delivered back to the business
SOX compliance in Settlement process automation
Success rate of bot case completion
For functional release of OBT, RTS and OGS
The Challenge
Some of the issues NelStream experienced when implementing blockchain technology into content streaming platforms include:
Data Security and Immutability: NelStream needed powerful solutions to protect data, and, at the same time, guarantee that all the records, transactions, and content posted on the platform were virtually untouchable on the blockchain.
Royalty Payments and Transparency: The company required easy and clear royalty compensation to avoid fraud and to provide proper payment for the content creators while also tracking the process for the company’s stakeholders.
Scalability and Performance: Blockchain systems can be very demanding and bandwidth-intensive thus requiring large resources and time for execution. NelStream therefore required a solution that would be able to address user demands that would be correspondingly large and also ensure efficiency.
Seamless User Experience: They had to incorporate blockchain at the platform’s core but with a simple user interface to avoid making the process complicated for the users – both content creators and consumers.
Copyright Protection: The working platform required sophisticated copyright management features that would guarantee that the rights of content creators are protected and that their work cannot be copied with impunity.
What did
Miracuves do
To address these challenges, Miracuves implemented a comprehensive IT solution that transformed NelStream’s vision into reality:
Custom Blockchain Infrastructure: Miracuves worked on designing a blockchain system for specific needs and use cases, with the emphasis put on the data’s non-interference with the ability to change, confidentiality, and openness of access. Using such a decentralized system helped NelStream to make certain that the content and all the users’ data stored couldn’t be modified or changed.
Automated Royalty Distribution: For the payment of royalties, we developed a smart contract-based system that computes the amounts to be paid to the content creators after implementing their agreed terms. This system brought in full accountability so that the creators could oversee their earnings in real-time, besides opening visibility to stakeholders.
Optimized for Scalability: Miracuves helped in improving the scalability of the platform to adopt the new hybrid blockchain solutions that were a mixture of on-chain and off-chain solutions. This also enabled the platform to spread large volumes of content in society still within the best speeds and optimum use of the user interface.
Seamless User Interface: Based on the insights provided by our team, easy navigation was achieved for content creators as well as content consumers. Through the use of the above interface, the applicative features of blockchain were made easily accessible and hence did not require any blockchain abilities from the users.
Advanced Copyright Protection Tools: To support and protect the copyrights of the shared content, we established a unique copyright protection system featuring blockchain technology that enabled us to conclusively confirm ownership of the materials. This enabled NelStream to be fully protected in terms of content with all the transactions relating to intellectual property being tamper-proof.
The Results
- Enhanced Security and Transparency
- Fair Compensation through Smart Contracts
- Seamless User Experience
- Scalability and Performance
- Robust DRM for Content Protection
- Data-Driven Decision Making
The technology that we used for Nelstream
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The technical and operational hurdles associated with blockchain technology integration into the content streaming sector provided the answer to successfully address with the help of Miracles. The solutions given not only helped to make the platform more secure and transparent but also prevented the problems related to scalability, usability and maintainability. Today, NelStream enjoys its position as the service that provides ethical content streaming and fair compensation for them, data security, and favorable conditions for the customers.
In the ever-evolving space of content streaming, NelStream in partnership with Miracuves has taken the first step in changing the landscape utilising blockchain technology. It is hard to overemphasize the significance of such a platform, as with NelStream they have succeeded in implementing blockchain into entertainment based on decentralization and transparency principles.
Smart contracts lead the way in implementing automations to royalty distribution maintaining a fair share for the creators of content. The features of Miracuves include a good and friendly user interface and solutions involving scalability ensuring that the company can expand the user base without any negative impact on performance. Advanced DRM solutions help to protect a company’s intellectual property; they guarantee content protection against piracy.
Content Streaming Streamlined
This revolutionary initiative does not end here; quantification and subsequent monitoring and analysis bring data to the table for evidence-based decision-making. They are not only revolutionizing content streaming through content delivery, but also are paving the path of what a blockchain integration should look like – secure, transparent, and with the end consumer in mind in the entertainment industry.
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