Chinese Video Hosting Service Youku First to Trial BlockCDNs Blockchain Content Distribution Network (CDN)

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Chinese company BlockCDN are creating a bank of computing resources from crowdsourced bandwidth, offering competitive prices to content providers. BlockCDN‘s blockchain-based service has attracted the attention of Youku,  a video hosting service based in Beijing, China, who will be the first to trial it in the new year.

BlockCDN comes with a built-in trading platform, providing an online marketplace where network ‘demanders’ can input workloads and ‘Sharers’ can fulfill those workloads in return for digital currency. Anyone can join in the network by connecting their devices – Smart phones, tablets, computers – and start putting their excess capacity to work in the spirit of the shareconomy.

The CDN market today is worth $6 billion and will grow to $23.2 billion by 2021 according to MarketsandMarkets. Resources must be found to meet that demand and BlockCDN believe their model represents the future.

‘Internet use has doubled in a decade putting pressure on traditional CDN providers. Video and rich media content is gaining popularity and the rise of social and mobile media mean the consumer is demanding faster, higher quality web experiences. BlockCDN’s ‘shareconomy’ model holds the only real solution’. Tony Long, CEO, BlockCDN

Traditional CDN providers have high costs to pay for servers, bandwidth, power consumption and equipment maintenance whereas BlockCDN crowdsources its power and uses automation to drive costs down. The BlockCDN platform handles all transactions through Ethereum smart contracts and publishes them to the blockchain for transparency. The efficiencies of BlockCDN can cut up to 90% off traditional costs, savings that will be passed onto the customer.

The idea for BlockCDN was from entrepreneur Tony Long who has 15 years experience in business and already two successful companies to his name. The BlockCDN core team are seasoned CDN professionals have spent 8 years working for one of the biggest CDN companies in China. With well-developed connections in the industry and a product already in beta testing, BlockCDN are in a strong position to launch next year.

Once up and running, BlockCDN will be a blockchain-mediated ecosystem where participants control their contributions to earn a passive income. BlockCDN takes just 5% of transaction fees and passes the rest onto contributors. The system design promotes users to actively increase their node capacity, in turn improving BlockCDN’s offering. As an added incentive BlockCDN are sharing profits of 40% to early investors for the first 3 years.

BlockCDN crowdfund opens on 28th November.

About Richard Kastelein

Founder of industry publication Blockchain News, partner at ICO services collective CryptoAsset Design Group (helped raise over $200m+), director of education company Blockchain Partners (Oracle Partner) and ICO event organiser at leading industry event  CryptoFinancing (first ICO event in Europe) - Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of half a dozen Blockchain startups and has written over 1200 articles on Blockchain technology and startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat.
 
Kastelein has spoken (keynotes & panels) on Blockchain technology in Amsterdam, Antwerp, Barcelona, Beijing, Brussels, Bucharest, Dubai, Eindhoven, Gdansk, Groningen, the Hague, Helsinki, London, Manchester, Minsk, Nairobi, Nanchang, San Mateo, Shanghai,Tel Aviv and Venice. His network is global and extensive.
 
He is a Canadian (Dutch/Irish/English/Métis) whose writing career has ranged from the Canadian Native Press (Arctic) to the Caribbean & Europe. He's written occasionally for Harvard Business Review, Wired, Venturebeat, The Guardian and Virgin.com and his work and ideas have been translated into Dutch, Greek, Polish, German and French.
 
A journalist by trade, an entrepreneur and adventurer at heart, Kastelein's professional career has ranged from political publishing to TV technology, boatbuilding to judging startups, skippering yachts to marketing and more as he's travelled for nearly 30 years as a Canadian expatriate living around the world.
 
In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, "The Hitchhiker's Guide to the Seas' travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, Netherlands where he's raising three teenage daughters with his wife and sailing partner, Wieke Beenen.

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