Live video streaming service with pay-as-you-use model on Ethereum Blockchain and InterPlanetary file system

In centralized video streaming platforms, the platform owner, rather than the content producer, controls most of the content uploaded on the centralized video platform.—Blockchain-based video streaming systems aim to create decentralized peer-to-peer networks for video streaming services with various monetization options. Video transcoding is commonly used in the video streaming industry to convert videos into numerous formats for various viewers. We argue, however, that the standard media delivery framework may be modified by an InterPlanetary File System-based delivery network with Hypertext Transfer Protocol Secure Live Streaming for any distribution model (live or on-demand). This paper examines the performance of decentralised video streaming platforms like NiftySubs, characterized by a ‘pay-as-you-watch’ subscription-based service paradigm, wherein the user only has to pay for the duration they watch the content on the Ethereum Blockchain. We also discuss the use of protocols like Unlock for providing access to locked content on the Blockchain, Superfluid Protocol money streams to enable actual time finance and storage of content on Content Delivery Network like InterPlanetary File System, which are based on content-based addressing mechanisms. Finally, we also discuss challenges and solutions by which the security of content can be established and maintained and how users can view accurate time usage statistics with the help of indexing solutions like the Graph Protocol.