[REVIEW] Transcodium-The Decentralization of Transcoding Platform

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Transcodium aims to provide the first and most decentralized, ground-based blockchain peer-to-peer media to transcribe, edit and share high-quality distribution platforms with computing power and reliability at very affordable prices. This will create a global market for users, willing to rent their idle machines for use as a working tool (miners). Then, at the end of the transcoding process, the worker (processor) will be rewarded with TNS tokens that may be exchanged for any currency or may be sold to customers who require this token to be used on our platform.

Recently, the world has seen a tremendous increase in the media industry, from video advertising to streaming media, yet, due to the high cost of cloud transcoding services, it is very challenging for beginner companies and low-budget companies that need it. services.

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 on media file conversions. The current report also predicts that, by 2019, the transcoding market will grow by 15 percent CAGR globally, reflecting the enormous scope to grow.

The concept of transcoding is always limited to the conversion of video and audio files, but its size is greater to retrieve all file types such as PDF, HTML, Word Document and convert it into a preferred format possible

Transcodium will handle all 3P's (Privacy, Pricing, and Processing Power) in an instance, there will be no limit to how much processing power Transcodium will produce from its network. Transcodium networks will be available to target customers at a lower price than the current market price.

Transcodium's unique algorithm will allow the conversion of media files at supersonic speed by splitting large media files into very small pieces and then being encrypted, compressed and sent to workers (idle devices) for processing. Because of the lightness of each piece, this task will be transferred and processed at a very fast speed, even a smartphone can process it. Token will be rewarded for every worker who completes his job before the allocated deadline.

PROBLEMS AND SOLUTIONS

With the current transcoding platform, issues and limitations can be identified:

The cloud transcoding platform is too expensive and weighs on starups, which require their services. Companies have to spend more than half their revenue just to process these media files, this is certainly sad.

The processing time is very long due to hardware limitations. The cloud transcoding platform has limits on hardware, therefore, all files must be queued for processing, until the time is processed, which leads to frustration of customers pending processing.

Due to the centralized nature of the platform, server outages or downtime can cause the overall failure of this transcoding process to be a waste of 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.

Here is a solution offered for the above problems:

Blockchain and decentralized technologies are a cheaper and reliable alternative to cloud transcoding. Due to the unlimited processing power, due to the worker's role, the files will be transcoded in very fast speed, eliminating long queues and waiting times.

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 limited to audio and video only, but also other file formats such as pictures and documents.

Apps & Features

Mobile Wallet + Miner

End to End Encryption

Builtin Exchange in Apps

Multi Wallet

Ultra Fast Transcoding

Console, Api & Visual Editing Studio

Why Invest in our Company

Registered & Verified

Before any company is issued with EV SSL(The Green company name in the address bar), that company needs to pass through a series of verifications such as Legal Existence and Identity, Trade/Assumed Name, Operational Existence, Physical Existence and submission of information about all the directors. We successfully passed all the test. Read More Here ..

Existing Product

Our company already have an existing product on media transcoding and distribution, our plan is to redevelop this platform using the blockchain and decentralization technologies, this will help provide a cheaper but reliable transcoding services to customers. This can be achieved only by expanding our team which requires a lot of funds. Try it here ..

Existing Market

The transcoding industry is one of the fastest growing fields, this is one of the main reason why giant companies such as Google and Amazon are tapping into this field.

The good news is, the global video transcoding market size is expected to grow from USD 3.25 Billion in 2017 to USD 7.50 Billion by 2022.

What is the TNS token/coin

TNS token/coin is the official Transcodium's virtual currency used on the Transcodium Platform.It is based on the Ethereum blockchain (ERC-20 Standard), Workers (Miners) will be paid with the TNS after a successful transcoding.

Market Overview

The transcodium system will empower clients to benefit from unlimited power handling in very poor remuneration for the task. The client will have the capacity to choose the cost of the scope of costs provided by TNS, the higher the value the faster the document changes and vice versa.

Clients can choose to submit documents after they are processed, destinations, such as facebook, youtube, twitter, SFTP, Amazon AWS, Google Drive and so on will be enforced. Various goals are enforced. The main objective is to keep free, other goals generated will attract the fees to be paid to the ace centers that prepare them.

Before preparing any document, the application will process the aggregate cost initiated by the initiator, once authorized, the initiator wallet will be charged. The amount charged will be discounted if preparing for a flat fall. The client will ask TNS token to remember the ultimate goal of paying for the exchange on the system.

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Token Infomation

Role of Token - Represents processing power used for file conversion

Ticker - TNS

Blockchain - Ethereum

Token Standard - ERC20

Supply - 120,000,000 TNS

For Sale - 86,400,000 TNS

Emission Rate - No new tokens will be created

Accepted Currencies ETH, BTC, LTC, BCH

Pre Sale 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

Contract Address - 0xb0280743b44bf7db4b6be482b2ba7b75e5da096c

Price Info.

1 TNS = $ 0.376 USD

1 BTC = 28396.33136095 TNS

1 ETH = 2148.33136095 TNS

1 LTC = 552.95266272 TNS

Token Distribution

Total Supply 120,000,000

Sales Token (72%)

Bonuses & Discounts (4%)

Advisors & Partners (4%)

Bounty (1%)

Team Members (10%)

Marketing (Present & Future), funding of trial accounts for customers & platform testers (9%)

ROAD MAP

2015

MARCH First Cloud version of platform created

2016

JANUARY Decision to adopt blockchain & Decentralized technology over centralized cloud

APRIL Research & Analysis into the blockchain & Decentralization technology

NOVEMBER Drafting of white paper

2017

JULY Company Registration & Legal Processing Commenced in UK

2018

JANUARY Token Pre-sale

MARCH Public Crowd funding

JULY Development of wallet (with built in exchange and miner) for major platforms (Android, Windows & Linux)

DECEMBER Development of master node application for major platforms

2019

JULY First beta testing of platform & the provision of fully paid premium accounts for investors,token holders, brands, startup to try the platform for 1 month.

NOVEMBER Production commence for the platform

THE TEAM