Can blockchain technology and Transcodium revolutionize the transcoding market?https://hackernoon.com/can-blockchain-technology-and-transcodium-revolutionize-the-transcoding-market-43bb821abec8ere is a question for you, how much time you spend watching videos? Recall everything, Netflix, Youtube, Facebook, Instagram.. A LOT, right?
Have you ever thought how these companies are able to deliver you a smooth streaming experience on every device you have? Well, It’s because of they detect the device and internet speed and delivers you the right file.
Transcoding is the process of converting from one file format to another desirable and compatible format. Before your favourite social media platform or streaming site such as YouTube, Netflix, Facebook, Instagram and Twitter makes a video available to you, they need to convert this video into multiple formats in order to support different devices such as smartphones, laptop and desktop computers, TVs and more, since each of them have different capabilities. Some videos might even fail to play over a slow internet connection, these type of videos will also need to be converted into a lighter format for a smooth streaming.
The process to convert files into different file format or frame sizes are called transcoding. Complex media encoding, decoding, and transcoding is resource intensive which needs multiples of servers to process on a large scale which is very expensive at the moment. This is the main reason for fewer competitors to free public streaming sites like YouTube.